President Trump says India will stop buying sanctioned Russian oil as part of trade deal, but data shows shadow fleet vessels unloading the crude at its ports.

Discounts on Russian oil exports to China widened to new records this week as sellers cut prices to lure demand from the world's top crude importer and offset the likely loss of India sales, traders said.

Heavy smoke rises over the Moscow Oil plant in the southwest suburb of the Russian capital 21 August. Multiple petrochemical targets were hit in Russia by Ukrainian drones. (Photo by ALEXANDER NEMENOV / AFP) (Photo by ALEXANDER NEMENOV/AFP via Getty Images ...

Plenty of drivers in the Northeast pull into the same red-and-white gas stations every week […]

Russia’s crude oil production dipped to 9.326 million barrels (bpd) in December, down by over 100,000 bpd from November and nearly 250,000 bpd lower than Moscow’s OPEC+ quota, sources familiar with classified government data told Bloomberg on Friday.

Following the 2–3 January 2025 Operation ‘Absolute Resolve’ in Venezuela, the US administration is planning to develop Venezuela’s oil sector and reintegrate it into the global oil market by gradually lifting sanctions, encouraging both US and ...

An oil tanker making its way to Russia and linked to both Venezuela and Hezbollah has been seized by US forces in a daring mission in the Atlantic. The seizure of Russian-flagged oil tanker Marinera was supported by the British armed forces, the Ministry ...