UAE says Iran has resumed attacks as the US moves to reopen the Strait of HormuzThe United Arab Emirates reported Iranian attacks. This happened after US President Donald Trump's initiative to reopen the Strait of Hormu...
04 May, 2026, 10.30 PM IST
Ukrainian drones hit Russia's Primorsk port, oil tankers and military shipsAlexander Drozdenko, governor of the northwest region which hosts the port, said more than 60 drones were downed overnight. He said the fir...
04 May, 2026, 12.52 AM IST
Ukraine is hitting oil facilities deep inside Russia. Soaring fuel prices could blunt impactUkrainian drones are hitting Russian oil facilities deep inside the country. These attacks aim to cut funding for the war. While the econom...
02 May, 2026, 01.27 PM IST
US oil ETF hits highest since 2015 as shipping costs surge and energy market shifts beyond oil pricesOil prices are rising fast as global tensions grow, and the US Oil ETF is hitting new highs. But the bigger story is not just oil, it is sh...
29 Apr, 2026, 08.52 PM IST
Ukraine says it hits Russian oil pumping station 1,500 km awayKyiv has stepped up its attacks inside Russia in recent weeks, aiming to knock out oil refineries, depots and ports and cripple Moscow's bi...
29 Apr, 2026, 06.48 PM IST
Russia cuts oil output in April, sources sayRussian oil output saw a significant drop in April. Ukrainian drone attacks on key ports and refineries forced Russia to cut production. Th...
21 Apr, 2026, 05.27 PM IST
Oil producers, shipowners in standoff over who takes Hormuz riskThis standoff highlights the extreme dangers of this vital energy route, with owners demanding unrealistic guarantees and charterers unwill...
17 Apr, 2026, 11.18 AM IST
Ukraine strikes on Russian oil ports put India’s refining lifeline at risk, IEA warnsUkraine’s drone strikes on key Russian oil ports — Primorsk, Ust-Luga and Novorossiysk — are threatening India’s crude supply chain, with t...
14 Apr, 2026, 04.40 PM IST
Russia's Ust-Luga port damaged by Ukrainian drones, fire breaks outA Ukrainian drone strike hit Russia's Ust-Luga port on Sunday. This major oil export facility caught fire. Ukraine has targeted Russia's oi...
30 Mar, 2026, 12.57 AM IST
Bad weather, sanctions drive more ship-to-ship transfers of Russian oil products, data showsRussia is boosting oil product exports using ship-to-ship transfers. This method helps overcome a shortage of suitable tankers. Western san...
20 Mar, 2026, 05.38 PM IST
Discount for Russia's Urals crude oil is deepest since 2023, data showsRussian Urals oil faces its largest discount in three years from Baltic ports. Western sanctions are the cause. This impacts Russia's budge...
20 Feb, 2026, 12.14 AM IST
Russian oil freight rates to India ease further, proposed EU curbs may reverse trendRussian oil shipment costs from Baltic ports to India decreased between late May and early June. High tanker availability contributed to th...
16 Jun, 2025, 02.20 PM IST
Freight rates for shipping Russian Urals oil to India rise in February, sources sayFreight rates to ship Urals crude from Baltic ports to India increased by around 20% in February, resulting in costs up to $8 million per v...
13 Feb, 2025, 09.31 PM IST
India and China snap up Russian oil in April above 'price cap'That means the Kremlin is enjoying stronger revenues despite the West's attempts to curb funds for Russia's military operations in Ukraine....
18 Apr, 2023, 06.02 PM IST
Indian demand for Urals crude keeps Russia's exports upIn March, India's purchases of Urals oil accounted for more than 65% of total seaborne exports of Urals, Refinitiv data showed. Traders sai...
27 Mar, 2023, 09.58 PM IST
Trading firms are making fortunes by delivering Russian oil to IndiaThe European Union banned imports of Russian crude in December, putting the country at the mercy of two big buyers: China and India. Numero...
11 Feb, 2023, 07.05 AM IST
Oil climbs on expected drop in Russian exports, offsets U.S. storm impactRussia's Baltic oil exports could fall by 20% in December from the previous month after the European Union and G7 nations imposed sanctions...
23 Dec, 2022, 07.53 AM IST