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Energy
China, India Top Russian Fossil Fuel Buyers in July – EU Remains Active
China and India, key partners of Russia, are buying vast amounts of fossil fuels from Russia, while the EU, a supporter of Ukraine, also continues to purchase Russian energy.
Aug. 15, 2025
Top News
‘Very Nervous’ – Oil Prices Rise Ahead of US-Russia Summit
As Wall Street frets about inflation figures, oil traders are watching Anchorage closely for signs about the future of sanctions on Russia.
Aug. 15, 2025
Ukraine
Ukraine Relaunches Bids for Two Oil and Gas Fields Under US-Ukraine Reconstruction Fund
Ukraine is reopening tenders for the Mezhyhirya and Svichanska gas fields, adding a clause that gives US partners priority to buy the oil and gas produced under the joint Reconstruction Fund.
Aug. 14, 2025
Russia
Ukrainian Drone Strike Halts Operations at Saratov Oil Refinery
The Saratov oil-processing facility is the third to suffer damage from drone strikes so far this month as Ukraine continues to disrupt Russia’s critical infrastructure.
Aug. 12, 2025
Energy
Russian Bombing of Azeri SOCAR Refinery Sparks Talks of Arming Ukraine
Azeri President Ilham Aliyev also allocated an additional $2 million in humanitarian aid to Ukraine on Monday after a weekend call with President Zelensky.
Aug. 11, 2025
Russia
Kyiv’s Drones Hit Saratov Refineries Overnight
Ukrainian drones have struck oil refineries in Russia’s Saratov region overnight on Sunday, with the facilities engulfed in smoke, prompting closures of a nearby airport.
Updated: Aug. 10, 2025
Russia
Putin Meets India’s Security Chief Amid US Tariffs Row
Russia is also one of India’s top arms suppliers and the warm ties between the two countries date back to the Soviet era.
Aug. 7, 2025
US
India-US Dispute Over Trade and Oil Risks Broader Consequences
Trump’s tirade over India’s trade and Russian oil ties risks undoing decades of diplomatic progress and straining broader cooperation amid rising domestic political tensions, analysts warn.
Aug. 7, 2025
Ukraine
‘Retaliation for Russian Oil’: Trump Imposes Sweeping Tariffs on India
White House blindsides India with 25% duty on all imports, citing a “national emergency” over its continued energy trade with Moscow.
Aug. 6, 2025
War in Ukraine
‘His Economy Stinks’: Trump Says Falling Oil Prices Will Force Putin to End Ukraine War
Russia uses oil export revenues to fund its war in Ukraine. Western sanctions target this, but India and China still buy discounted Russian crude, easing the impact.
Aug. 6, 2025
War in Ukraine
Kremlin Slams Trump’s Threat to Hike Tariffs on India Over Russian Oil Purchases
Kremlin showing signs of irritation with Trump’s threats.
Aug. 5, 2025
India
‘They Don’t Care Who Dies in Ukraine,’ Trump Warns India With Higher Tariffs
Trump’s Monday update followed India’s official denial of plans to halt Russian oil purchases, despite his recent threat to impose tariffs on New Delhi over the imports.
Aug. 4, 2025
Russia
Ukraine’s Drones Light Up Sochi Airport Fuel Depot
Ukrainian military officials said that Russian combat aircraft were also stationed at the airfield, calling the attack part of efforts to degrade Russia’s warfighting capability.
Aug. 4, 2025
US
India Stops Russian Oil Buys Just Before Trump Hits with Tariffs
India is the world’s third-largest oil importer and had been the biggest buyer of Russian seaborne crude.
Aug. 1, 2025
Drones
Lukoil Refinery Set Ablaze as Ukrainian Drones Hit Russian Oil Site Near Sochi
This is not the first incident at the company’s refineries – Lukoil facilities have become frequent targets of Ukrainian drone and cyberattacks.
July 24, 2025
US
US Treasury Chief Says China Talks Could Cover Iran, Russia Oil Buys
China has been one of the major buyers of Russian and Iranian oil, providing Moscow and Tehran with the much-needed funds amid years of sanctions – but now the US is trying to put a stop to it.
July 21, 2025