Tag Archives: Russia

Tankers loaded with Russian crude that had stayed idle off India’s coast for days discharged their cargo at Indian oil import terminals over the weekend, in defiance of the U.S. threats of additional “penalties” on the world’s third-largest crude importer for buying Russian oil. While Indian refiners last week were …

Oil prices continued to move higher on Friday morning in Asia, supported by renewed optimism surrounding U.S.-EU trade negotiations and expectations that Russia will restrict gasoline exports. Even reports of Chevron’s return to Venezuela, which analysts estimate could add around 200,000 barrels per day to global supply, have been unable …

Russia’s natural gas production fell 3.2% in the first half of 2025, reaching 334.8?billion cubic meters (bcm), as higher exports to China and increased domestic demand failed to offset the collapse of pipeline flows to Europe, Bloomberg reported on Wednesday. The drop, confirmed by federal statistics and Bloomberg analysis, reflects …

The ongoing push by EU countries to target Russia’s primary revenue source—oil and gas exports—has received a significant boost. With its 18th sanctions package, the EU has agreed not only to hit Moscow’s energy sector harder but also to impose a significantly lower price cap on Russia’s oil exports. The …

Oil prices rose on Friday after the EU adopted its 18th sanctions package against Russia, lowering the price cap, targeting Russian oil trade, and closing a loophole that has so far allowed EU imports of fuels processed from Russian crude. As of 9:50 a.m. EDT on Friday, the U.S. benchmark, …

The European Union lowered the price cap on Russian crude oil to $47.60 from $60 per barrel as it adopted on Friday the 18th sanctions package against Russia, targeting a hundred more ‘shadow fleet’ tankers, energy trade, and traders and banks enabling it. Following weeks of negotiations and Slovakia holding …

The European Union is edging closer to finally adopting its latest sanctions package, the 18th since the full-scale Russian invasion of Ukraine over three years ago. But two items still remain to be negotiated. Firstly, the price cap on Russian oil. It’s still in the draft proposal seen by RFE/RL, …

Ongoing geopolitical conflicts, including one active war, combined with market instability, declining steel demand in certain global regions and a rise in protective tariffs on exporting nations, have all come together to force some steel-producing countries, including China, to reassess and refocus their steel industry supply chains. Faced with weak …

Turkmenistan has attracted lots of diplomatic attention this week from both the United States and Russia. The flurry of activity suggests geopolitical jostling is intensifying over the Central Asian state, apparently catalyzed by the recent Iranian-Israeli conflict. Turkmen Foreign Minister Rashid Meredov capped a hectic week with a June 26 …

Poland’s second-largest publicly listed company, Orlen, officially ended its oil imports from Russia on Monday, following the expiration of its final contract with Russian oil firm Rosneft. According to Polish state-run TVP World, the company ended oil imports from Russia to its Litvinov refinery in the Czech Republic, cutting its …