Oil prices rose sharply on Thursday morning in response to fresh US sanctions imposed on Russia's biggest oil companies.

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Reliance to halt crude oil imports under Rosneft deal

Reliance Industries to cease crude oil imports from Rosneft following US sanctions against the Russian oil major.

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Crude Rallies After Trump Sanctions Russian Oil Giants

Oil prices climbed after President Trump announced new sanctions on Russia’s two biggest oil companies, and the European Union ramped up its measures targeting Russia. Brent crude futures, the global ...

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India’s crude import cost goes up! Share of Russian oil declines; alternatives more expensive

India's crude oil import costs are rising as its reliance on discounted Russian oil declines. While Russia remains the largest supplier, its share ha ...

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What's the significance of US sanctions on Russian oil?

US President Donald Trump on Wednesday announced "tremendous" new sanctions against two of Russia's largest oil companies, in a bid to pressure Moscow into ending the war on Ukraine.

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