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RECORD HIGH RUSSIAN OIL IMPORTS
India's Russian crude imports hit record in Jun even as Moscow's oil revenues slipIndia's Russian crude oil imports reached a record high in June. This surge made India the second-largest buyer of Russian hydrocarbons glo...- In reverse flow, India now supplies petrol to energy powerhouse RussiaIndia's petrol is navigating its way to Russia via international traders rather than through direct sales channels. The damage to Russia's ...
- Russia's diesel export ban deepens global supply crunchRussia's diesel export ban has significantly impacted global energy markets. This action exacerbated existing fuel shortages and drove pric...
- Trump administration, senators advance sanctions bill targeting countries buying Russian oilUS senators and the Trump administration have agreed on updated Russia sanctions legislation. This new bill aims to impose penalties on cou...
- Russia's Saratov oil refinery at a halt since Wednesday's drone attack: Sources report to ReutersRussia's Saratov oil refinery stopped processing oil Wednesday after a drone attack. This incident follows similar Ukrainian strikes on Rus...
- Ukrainian drones batter Russian oil facilities and set more oil tankers ablazeUkrainian drones struck Russian oil facilities, igniting fires and causing fuel shortages across regions. Two oil tankers in the Sea of Azo...
- India's crude imports remain resilient despite Strait of Hormuz tensionsIndia's crude oil imports are insulated from Hormuz Strait tensions currently. Refiners have successfully diversified their import portfoli...
- Russian President Vladimir Putin likely to escalate Ukraine war, despite Donald Trump peace push, sources sayKremlin sources indicate a high probability of conflict escalation in coming months. President Putin rejects peace talks, seeking full Donb...
- Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikesRussia has banned diesel exports to support its domestic fuel market. This action follows Ukrainian drone attacks on oil refineries causing...
- Why Hormuz windfall may prove short-lived for oil refinersGlobal refining margins have hit record highs, greatly benefiting producers. Yet, while fuel prices remain elevated due to tight inventorie...
- US trade deficit widens sharply in May as capital goods imports hit record highThe United States trade deficit significantly widened in May. Imports of capital goods reached a record high, driven by artificial intellig...
- Indian state refiners ready for Iran oil if US extends waiversIndian refiners are exploring Iranian crude purchases if US waivers extend beyond August. They have fully contracted shipments through Augu...
- Russian strikes kill 26, exposing Ukraine air-defence shortagesAt least 16 people were killed in Kyiv, the Emergency Services said on Telegram as search and rescue operations proceeded. Prosecutors said...
- Saudi Arabia makes August crude oil cheaper for Asian buyersSaudi Arabia has significantly slashed its August Arab Light crude oil price for Asia, setting it at $1.50 a barrel below the Oman/Dubai av...
- Proverb of the day from Russia: 'The well-fed do not understand the hungry. Your tear, to a stranger, is nothing but a drop of salty water...' A centuries-old lesson on why expecting others to understand your pain often leads to disappointmentToday's proverb from Russia explores the limits of human empathy, suggesting that people often find it difficult to fully understand hardsh...
- St Petersburg region hit by major Ukrainian drone attack, Russian officials saySt. Petersburg and the surrounding Leningrad region faced a significant Ukrainian drone assault overnight, with reports indicating a hit on...
- India refiner Nayara's gasoline sold to Russia via traders, sources sayIndian refiner Nayara Energy's gasoline is reportedly reaching Russia, which faces fuel shortages due to Ukrainian attacks. While Indian Oi...
- India's June crude imports hit record high as Russian supplies surge despite West Asia tensionsIndia's crude oil imports hit a record 4.93 million barrels per day in June, bolstered by substantial purchases from Russia, which solidifi...
- India plans to cut reliance on Middle East oil, tap spot market after war shockIndia's state refiners are pivoting away from Middle Eastern oil contracts following the Iran war's supply disruptions. They plan to boost ...
- India's Russian oil imports to hit record high in June, data showsIndia's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to ...
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