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Russia could merge state-run oil companies to make the world's 2nd largest producer, report says

A deal to combine three of Russia's biggest oil firms would create the biggest producer in the worl…

Kelly Cloonan   


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Sanctioned tankers are back to transporting Russian oil in a blow to the West's efforts to restrict crude flows

The number of sanctioned ships carrying Russian oil grew sixfold last month compared to levels in A…

Jennifer Sor   


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Stocks tumble, oil spikes as Mideast tensions flare

Investors moved out of equities as conflict escalated between Israel and Iran. Traders piled into s…

Filip De Mott   


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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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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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Russia's oil revenue has plunged as global crude prices tumble

Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…

Jennifer Sor   


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Russia's lucrative oil and oil industry is an easy target for Europe after Trump's election victory

The European Commission's president said the European Union could boost US liquified natural gas pu…

Huileng Tan   


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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   


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Stock market today: Tech leads indexes higher as markets head toward the result of the US election

Tech shares rallied on Tuesday, with Palantir soaring over 20% after earnings. Nvidia jumped to sur…

Filip De Mott   


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Russia has expanded its shadow fleet that it uses to evade oil sanctions, think tank says

Russia added 74 ships to its secretive fleet of shadow tankers, according to a new report from a Uk…

Jennifer Sor   


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China is on pace to buy a record amount of Russian oil this month

China is expected to import 1.7 million barrels of Russian crude a day, taking over Indian demand, …

Filip De Mott   


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Germany banned Russian gas from its ports, the latest move to isolate Putin's energy industry: report

Deutsche Energy Terminal has been sent a letter by the German economy ministry telling it to reject…

Mikhaila Friel   


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Indian refineries are completely refusing oil from a key Russian shipping giant

Indian refineries are rejecting oil cargo carried by Sovcomflot, a Russian tanker firm that's been …

Filip De Mott   


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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   


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Indian oil firms are reportedly backing away from long-term deals for Russian oil amid tough sanctions

The largest refiners in India had been in discussions with Rosneft to receive a third of the countr…

Yuheng Zhan   


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Russian oil flows are sidestepping sanctions and trading above the G-7 price cap all over the world

Bloomberg reported that Urals grade crude is selling at around $75 a barrel, exceeding the G7 natio…

Yuheng Zhan   


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Stock market today: Indexes fall from records as chip rout drags tech shares lower

Dutch firm ASML led the semiconductor rout, falling 16% after it cut 2025 sales guidance.

Filip De Mott   


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Reliance Industries shares slip by 1% after profit decline in Q2

Shares of Reliance Industries Ltd fell by over 1% after reporting a net profit decline of 5% in the…

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India is buying the most US oil in almost a year as sanctions on Russian energy bite

Indian refiners see more WTI Midland crude oil being used in the country in coming months, sources …

Yuheng Zhan   


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4 mins read

Ukrainian troops fighting on Russian soil have an advantage they've never had in this war

In Kursk, Ukraine can "fight in the most efficient way possible," one war expert said. It's not lik…

Sinéad Baker