Russia’s vital oil trade with India is down, but not out
India’s imports of Russian crude are expected to plunge to a near four-year low early next year, after…
India Spends €2.5 Billion on Russian Crude in October Despite Fresh Sanctions
New Delhi: India, the second-biggest buyer of Russian oil, spent as much as 2.5 billion euro on purchases…
Pakistan Turns to Vitol for More U.S. Crude
Pakistan has taken another step in diversifying its crude oil supplies with a second purchase of U.S. crude,…
EU and U.S. Plan Coordinated Action on Russian Oil
The EU is weighing options to impose fresh sanctions on Russia’s oil industry and exports by sanctioning major…
Tankers Reportedly Ablaze Near Strait of Hormuz
By Irina Slav – Jun 17, 2025, 1:08 AM CDT
Three tankers are reportedly on fire in…
U.S. Sanctions Hit Iranian Oil Smuggling Network in Asia
The U.S. Treasury Department has unleashed a sweeping wave of sanctions targeting a sprawling network of companies and…
Indonesia Looks to Buy More U.S. Fuel to Avoid Steep Tariffs
Indonesia plans to slash its fuel imports from Singapore and source more refined products from the United States…
Iraq-India oil trade: $29.6B in 2024 powers India’s supply
2025-05-06T09:52:19+00:00 font Enable Reading Mode A- A A+ Shafaq News/ Iraq’s oil exports to India exceeded $29 billion…
Oil prices plunge to four-year low amid OPEC+ surprise and trade war escalation, Brent sinks over 10% in 2 days – Market News
Oil markets were rocked for a second consecutive day as prices tumbled to their lowest levels since 2021.…
Russia Switches to Crypto in Oil Trade
Russia is increasingly using cryptocurrencies in its oil trade with top clients China and India amid U.S. sanctions,…
India Reshuffles Trade to Circumvent Russian Oil Sanctions
India’s crude oil imports from Iraq jumped in January to 1.1 million barrels per day (bpd) as cargo…
U.S. Sanctions on Russia’s Crude Create Chaos in Global Oil Trade
Last month’s U.S. sanctions on Russian oil exports have upended global oil trade as Asia rushes to cover…