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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
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
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
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
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
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
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
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…
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
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
These 6 European countries paid Russia $40 billion for fuel in the three months of the war, despite impending bans and sanctions on imports
The EU agreed to ban about 90% of Russian oil imports but is yet to impose sanctions on the country…
Zahra Tayeb
Putin acknowledges that Western sanctions have started to hurt Russia's oil and gas industry
The Russian president in a government meeting on Thursday warned that European efforts to replace R…
Erin Snodgrass
Moscow says it will 'find other importers' after EU leaders agree to ban Russian oil
European Council President Charles Michel had said an agreement on a Russian oil ban would cut "a h…
Jake Epstein
A European ban on Russian crude risks Moscow using the natural gas 'power tool' in its arsenal, Vortexa said
Russia is a major producer of energy and makes billions from its exports. The EU is its biggest cus…
Hamza Fareed Malik
Rupee hits another all-time low of 80.06/$ 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
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
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
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
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
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 …