India’s Russian oil imports surge to 10-month high in May amid diversification push
Tuesday, 3 June 2025 India's Russian crude oil imports soared to a 10-month high in May, reaching 1.96 million bpd, driven by discounted prices. Russia became India's top supplier, accounting for over 38% of total imports. Despite potential headwinds like increased Russian refinery throughput, Russian crude is expected to maintain a significant share in India's oil import basket.
Despite sanctions and pledges to support Ukraine, the EU remains Russia’s biggest fossil fuel customer—spending over €209 billion since 2022. Russia has earned an estimated €885 billion from fossil fuel exports during the war. Donald Trump claimed Europe funds Russia more than it funds...
Just hours after Trump’s warning of secondary tariffs on China and India, Beijing has responded with bold defiance. China’s Foreign Ministry declared it will defend its energy and economic..
A massive 8.7 magnitude earthquake off Russia’s Kamchatka Peninsula has triggered a powerful tsunami, with waves reaching up to 13 feet in Severo-Kurilsk. The Pacific-wide alert spans Japan, the U.S...
Former President Trump has issued a stark warning to Russia: agree to a Ukraine ceasefire within 10 days or face sweeping new sanctions. He hinted at harsh secondary sanctions and tariffs targeting..
Tuesday, 3 June 2025
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