Inside the Hidden Oil Glut
There is once again a great deal of noise regarding the oil glut. Some say it is the…
China gets tenth cargo from Russia’s Arctic LNG 2 despite sanctions
China has received its tenth shipment of liquefied natural gas (LNG) from Russia’s Arctic LNG 2 project, according…
Trump warns India ‘massive tariffs’ will remain unless it ends Russian oil imports
US President Donald Trump reiterated on Sunday that Indian Prime Minister Narendra Modi told him India would stop…
Alternatives to Russia oil: India’s Reliance, Nayara ramp up supplies to Brazil, Turkey, UAE; plug in shortages as Russian refineries hit
The majority of Indian exports to Brazil and Turkey originated from Reliance, with Nayara providing a smaller portion.…
Sanctions bite: Nayara Energy struggles with non-Russian crude for 2nd consecutive month; western shippers refuse cargoes
Nayara Energy, India’s second-largest private oil refiner, is facing a second consecutive month of difficulty in securing non-Russian…
Halting Russian crude could cost India billions, warn Analysts
An SBI Research report from August 8 said if India stopped oil imports from Russia during the rest…
Russian Crude Discount Deepens Amid Sanctions and Tariffs
Russia’s flagship Urals blend is trading at a $5 discount to dated Brent following the latest round of…
India faces $9–11 billion oil bill spike: Pivot from Russian crude after Trump’s ‘penalty’ could hit margins- What analysts say
As US President Donald Trump announced penalties on India in addition to a 25 per cent tariff- citing,…
India’s petroleum product exports decline 10% in June – Economy News
India’s export of petroleum products in June declined by almost 10% to 1.19 million barrels per day (bpd),…
Petroleum exports volume down 12.5% in April, value plunges 35% – Economy News
India’s exports of petroleum products declined by 12.5% in volume terms to 4.2 million tonnes in April, compared…
Europe May Need $11 Billion in LNG to Refill Gas Storage
4/1/2025 (Reuters) — Europe may need up to an extra 250 cargoes of liquefied natural gas this year…