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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   


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2 mins read

India may take 75 years to reach one-quarter of US income per capita, says World Bank report

Drawing on lessons of the past 50 years, the report finds that as countries grow wealthier, they us…

PTI   


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1 min read

Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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3 mins read

As Europe scrambles to ditch Russian oil, the US is shaping up to fill that gap, thanks to its ‘super suitable’ cheaper crude, Vortexa says

"The US will rank highly, that's natural, given its size, and its proximity and also the crude qual…

Hamza Fareed Malik   


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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   


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2 mins read

Germany warns a Russian oil ban will harm Europe's economy, even as it backs an embargo

EU member states are currently debating a ban on Russian oil imports, which could cut off vital fun…

Harry Robertson   


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3 mins read

Russia is now China's biggest oil supplier, overtaking Saudi Arabia as Western demand for its crude has dropped

Imports of Russian oil to China have risen 55% over the past year, according to data from the Chine…

Grace Dean   


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4 mins read

What were some of the initial controversies and concerns surrounding the ongoing Dubai COP28 climate summit?

World leaders have once again, for the 28th time, congregated to discuss climate change — this time…

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2 mins read

Ukraine minister calls for immediate Russian energy embargo to make it harder for Putin to fund his military

President Joe Biden announced in early March the US would ban Russian energy imports. Meanwhile, th…

Sam Tabahriti   


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2 mins read

The EU's compromise on oil sanctions left massive carve-outs for 3 countries that allows Russia to keep selling oil worth billions of dollars

Hungary, Slovakia, and the Czech Republic can still get Russian oil by pipeline. Hungary's PM is cl…

Sinéad Baker   


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3 mins read

These 6 European countries paid Russia $40 billion for fuel in the three months of the war, despite impending bans and sanctions on imports

The EU agreed to ban about 90% of Russian oil imports but is yet to impose sanctions on the country…

Zahra Tayeb   


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2 mins read

Putin acknowledges that Western sanctions have started to hurt Russia's oil and gas industry

The Russian president in a government meeting on Thursday warned that European efforts to replace R…

Erin Snodgrass   


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1 min read

Moscow says it will 'find other importers' after EU leaders agree to ban Russian oil

European Council President Charles Michel had said an agreement on a Russian oil ban would cut "a h…

Jake Epstein   


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3 mins read

A European ban on Russian crude risks Moscow using the natural gas 'power tool' in its arsenal, Vortexa said

Russia is a major producer of energy and makes billions from its exports. The EU is its biggest cus…

Hamza Fareed Malik   


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2 mins read

Rupee hits another all-time low of 80.06/$ as dollar demand rises from oil importers

The rupee depreciated 1 paisa to its all-time low of 80.06 against the US dollar in opening trade o…

PTI   


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2 mins read

Oil prices drop 2% after Joe Biden discusses Iran nuclear deal with European leaders

Global oil prices have tumbled back to levels last seen before Russia invaded Ukraine, as traders b…

Harry Robertson   


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2 mins read

Ukrainian president Zelenskyy said European countries still buying Russian gas and oil are making money 'out of blood'

"We don't understand how you can make money out of blood," Zelenskyy told the BBC. "Unfortunately, …

Grace Dean   


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3 mins read

India's Russian oil imports now double of Iraq

​​India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in Ma…

PTI   


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1 min read

European Commission president calls for price cap on Russian gas as the G7 moves ahead with plans to cap Russian oil

"I firmly believe that it is now time for a price cap on Russian pipeline gas to Europe," said Euro…

Brian Evans   


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20 mins read

Ukraine needs $1 trillion to rebuild. The country's oligarchs plan to loot it.

Insiders fear that under Andriy Yermak, Zelensky's right-hand man, Ukraine's influx of foreign aid …

Paul Starobin