Drone debris ignited a fire at a Novorossiysk oil terminal, injuring two people. Russian officials reported additional drone attacks target...

The US has extended a waiver for Russian oil exports, but traders believe it won't significantly boost shipments. Russia's infrastructure i...

Ukraine's unmanned forces commander, "Madyar," is orchestrating deep strikes into Russia, targeting defense and oil facilities to cripple w...

He accused the US of seeking to "dominate global energy markets" and sideline Russian firms. Amid West Asia tensions, Lavrov highlighted th...

Russia's Urals oil export blend hit its highest price since October 2023, reaching $94.87 a barrel for tax purposes this month. This surge,...

Kyiv has stepped up its attacks inside Russia in recent weeks, aiming to knock out oil refineries, depots and ports and cripple Moscow's bi...

India is set to receive millions of barrels of Russian oil. A US waiver allows these purchases amid Middle East supply shortages. Tankers c...

Russian Urals oil faces its largest discount in three years from Baltic ports. Western sanctions are the cause. This impacts Russia's budge...

China’s appetite for Russian Urals crude is surging, reaching its peak since June 2023. This uptick follows India's substantial drop in Rus...

Indian state refiners, including Indian Oil Corp, have resumed exploring purchases of Russia's Urals crude oil. This decision follows a wid...

Russia is selling oil to India at a price of nearly $80 per barrel, which is $20 above the Western price cap. This is due to tight global o...

Russia's high dependence on India as its main oil buyer is a rising concern for its oil companies this month, as an expected rise in loadin...

Attractive prices for Urals mean good margins for Indian refiners while term contracts between Russian and Indian companies and lower freig...

Russia's top oil producer, Rosneft, and India's leading refiner, Indian Oil Corp (IOC), have abandoned the Brent benchmark in favour of usi...

In March, India's purchases of Urals oil accounted for more than 65% of total seaborne exports of Urals, Refinitiv data showed. Traders sai...

Also on Dec. 5, the Group of Seven leading economies implemented a $60 price cap on Russian seaborne oil to try to limit Moscow's ability t...

Shipments to Europe, which was previously the largest consumer, amounted to slightly less than a quarter. Almost the entire volume was deli...