Lower Oil Prices Are Fueling Asia’s Crude Buying Spree
Tuesday, 2 September 2025 () Asia’s crude oil imports rebounded in August from a year-low level in July, likely fueled by low oil prices in May and early June when the cargoes arriving in August must have been nominated. Asia, the world’s biggest oil-importing region and a key gauge of global oil demand growth, saw crude oil imports average 27.18 million barrels per day (bpd) in August, higher than in July and in August last year, per data from LSEG Oil Research cited by Reuters columnist Clyde Russell. The July import levels of 24.91 million bpd were the…
Russian Foreign Minister Sergey Lavrov strongly criticized U.S. pressure on India over its oil trade with Moscow, backing New Delhi’s stance during high-level talks with S. Jaishankar. Hours after..
Just a day after Trump’s harsh new tariffs on India, NSA Ajit Doval met Russian President Vladimir Putin in Moscow to reaffirm and expand the India–Russia strategic partnership. With U.S. pressure..
In a scathing rebuke, top Trump aide Stephen Miller has accused India of "financing Russia’s war in Ukraine" by continuing to import oil from Moscow. Speaking on Fox News, Miller expressed alarm over..
Tuesday, 2 September 2025 ()
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