News

Russia burns as devastating drone strike tears through oil depot and wipes out production

A night-time drone strike hit an oil refinery in Russia’s Volgograd, causing both an oil spill and a fire, regional Governor ...

Shadow tanker fleet grows more slowly as Western sanctions target Russian oil

Dozens of tankers have joined the shadow fleet this year compared with hundreds in previous years as the harshest Western ...

IEA warns of oversupplied oil market but says sanctions on Russia, Iran could tighten supply

While oil market balances look ever more bloated as forecast supply far eclipses demand towards year-end and in 2026, ...

Graham Wants to 'Crush' Russian Oil Customers: 'Putin Could Give a Damn'

Senator Lindsey Graham has remained hawkish on Russia and China, hitting out at Vladimir Putin over his seeming lack of care ...

Oil falls as IEA raises supply forecast, investors await US-Russia meeting

Oil prices fell on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Friday's meeting ...

‘Europeans need to join us’: US warns India of higher, secondary tariffs for purchasing Russian oil

The US, after imposing 50 per cent tariffs on Indian goods, has threatened higher, secondary tariffs if New Delhi does not ...

Trump wants India to stop buying Russian oil. Why is Modi saying no?

For years, India has balanced close partnerships with both Washington and Moscow, even throughout Ukraine war. Trump is ...

Oil edges up ahead of US-Russia talks

Oil prices edged higher on Monday, after falling more than 4% last week, as investors looked ahead to talks this week between ...

India Bought Russian Oil. Now It’s a Trade-War Weapon.

If Narendra Modi surrendered to President Trump, how tough would it be to wean his country from Russia’s discounted supply?

Higher Tariffs On India May Be Driving Crucial US Ally Closer To Russia, China

President Donald Trump’s increased tariffs on India as punishment for purchasing Russian oil may have the unintended effect ...