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3 mins read
India imported USD 2.8 bn worth of crude oil from Russia in July
India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…
PTI
2 mins read
Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says
Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…
Jennifer Sor
1 min read
Russia's oil and gas revenue is reportedly set to boom 50% this month
Russia's oil and gas sales are on track to reach $9.4 billion in June, Reuters estimated.
Jennifer Sor
1 min read
US sanctions push a key Turkish oil terminal to halt Russian imports
The Dortyol terminal, operated by Global Terminal Services, decided to "cut all possible connection…
Aruni Soni
1 min read
Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions
Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw thei…
Yuheng Zhan
2 mins read
One type of Ukrainian drone is responsible for 80% of successful strikes on Russian oil refineries: report
Ukraine's Liutyi drone had an inauspicious start but is now behind 80% of successful strikes on Rus…
Mia Jankowicz
2 mins read
Ukrainian attacks on Russian oil refineries may be proving the Biden administration wrong, experts say
Defense Secretary Lloyd Austin said in April that attacking Russian oil refineries risked impacting…
Nathan Rennolds
2 mins read
Ukraine says it flew a drone 930 miles into Russian territory to strike an oil refinery
Ukraine says it executed its farthest drone strike yet, hitting a Russian oil refinery 930 miles aw…
Mia Jankowicz
2 mins read
Russian businesses are locked out of billions as payment issues reportedly pile up abroad
Russia's foreign financial assets grew $45 billion this year, a sign payment delays are piling up a…
Jennifer Sor
2 mins read
Sanctioned Russian oil is reportedly finding its way into the US military's supply chain
One of the US military's key oil suppliers has likely been receiving oil originating from Russia, t…
Jennifer Sor
2 mins read
To get paid by Russian customers, some Chinese banks are taking documents across borders to get them stamped, reported Reuters
Smaller local Chinese banks are overlooking US sanctions to process payments with Russia because th…
Huileng Tan
5 mins read
Ukraine is defying the US over strikes on Russian oil refineries. Experts say it's a necessary risk.
Ukraine continues to target Russian oil facilities despite reported US objections, with one militar…
Mia Jankowicz
2 mins read
India's government is getting more uncomfortable buying Russian oil with Chinese yuan, putting payments in limbo
Although Russian firms are continuing to deliver crude supply, seven cargoes have yet to be paid fo…
Filip De Mott
1 min read
Russia will reportedly ban gasoline exports for 6 months to offset 'excessive' demand for crude products
The ban is meant to address rising domestic demand, and comes ahead of the March presidential elect…
Yuheng Zhan
2 mins read
Russia has never been richer after selling $37 billion in oil to India last year
India purchased $37 billion of Russian oil last year. That's 13 times what it bought before the war…
Jennifer Sor
2 mins read
Ukraine targets more Russian oil refineries a day after reports said the US had warned them not to
Ukraine targeted two Russian oil refineries on Friday night, despite US warnings, as Russia's oil p…
Rebecca Rommen
2 mins read
A former Lukoil boss said an EU ban on Russian oil would bring the worst outcome for both sides
A former boss of Russia's second largest oil group said an EU ban would be "a shock for everyone. R…
Hamza Fareed Malik
1 min read
Russian oil smashes through the G7 price cap as crude exports in July hit the highest level of 2023
Revenue from oil exports hit an eight-month high for Russia in July, with the warring nation sellin…
Phil Rosen
2 mins read
The US has proposed that the EU apply tariffs on Russian oil to limit price rises
The tariff would come into place before the EU bans Russian oil by the end of the year and would er…
Hamza Fareed Malik
2 mins read
Europe will ban insurance for Russian oil cargoes in the strongest blow yet to Putin's war machine, reports say
Russian oil exports to the rest of the world could tumble under the reported plans, with similar sa…