The United States has issued a 30-day general licence allowing access to certain Russian oil shipments, in a move aimed at stabilising global energy markets and ensuring continued supply flows amid ongoing geopolitical disruptions. US Treasury Secretary Scott Bessent confirmed that the temporary licence will facilitate access to Russian crude oil that is currently stranded […]
russian oil
US extends Russian oil waiver amid global energy pressure
The United States (US) has renewed a waiver allowing countries to purchase sanctioned Russian oil already at sea, in a move aimed at easing global energy pressures triggered by ongoing geopolitical tensions and the Iran conflict. Read More: US ends waiver on India discounted purchases of Russian oil According to the US Department of the Treasury, the waiver permits […]
Trump is okay with Russian oil delivery to Cuba amid crisis
ABOARD AIR FORCE ONE – U.S. President Donald Trump on Sunday night stated he has “no problem” with a Russian oil tanker delivering fuel to Cuba, as the island faces severe shortages caused by a U.S.-imposed oil blockade. Read More: Russia vows support for Cuba after Trump threat “We have a tanker out there. We don’t mind having somebody get […]
Tanker carrying Russian oil hit by drone in Black Sea near Türkiye
A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul’s Bosphorus Strait on Thursday, Türkiye’s transportation minister said. The incident, one of several in recent months involving Western-sanctioned vessels heading to or from Russian ports, occurred in the early hours, Minister Abdulkadir Uraloglu […]
Russian crude revenue drops amid India pact
Russia risks a major drop in oil revenue if India halts Russian crude purchases, analysts say. Losing its second-largest buyer would force Moscow to cut prices to attract new customers. U.S. President Donald Trump claims Indian Prime Minister Narendra Modi agreed to curb Russian oil imports under a trade deal. Trump on Monday reduced U.S. […]
EU nations approve full Russian gas ban by 2027
The European Union has given final approval to ban Russian gas imports, enforcing a legally binding plan to cut ties with Moscow by the end of 2027. Ministers approved the law during a meeting in Brussels, despite opposition from Hungary and Slovakia, with Bulgaria abstaining from the vote. Hungary has announced plans to challenge the […]
Modi, Trump share ‘incredible friendship’, says US envoy-designate
US ambassador-designate Sergio Gor on Monday highlighted the “incredible friendship” between President Donald Trump and Indian Prime Minister Narendra Modi, saying his mission in India will focus on strengthening ties between the “oldest and the largest democracies.” Read More: India-US trade deal stalled after Modi did not call Trump, Lutnick says Speaking to hundreds of US embassy staffers […]
Trump warns US could raise tariffs on India over Russian oil imports
US President Donald Trump on Sunday warned that the United States could impose higher tariffs on India if the country does not curb its purchases of Russian oil. Speaking to reporters aboard Air Force One, Trump said tariffs could be increased “very quickly” if India fails to meet Washington’s demands. Read More: India seeks weekly data […]
India seeks weekly data on Russian oil imports amid US trade talks
India has asked its oil refiners to submit weekly data on crude imports from Russia and the United States, as New Delhi works to advance a long-pending trade deal with Washington. Sources familiar with the matter said the move is aimed at ensuring timely and verified figures when discussions with US officials intensify. The request […]
Oil price rise on US sanctions, Venezuela tanker risks
BEIJING: Oil prices climbed on Thursday amid reports that the United States may impose new sanctions on Russian oil if Moscow does not agree to a peace deal with Ukraine. Market participants also weighed the potential supply risks from a blockade of Venezuelan oil tankers. Read More: India defies sanctions with strong Russian oil imports US West […]