Keywords: Russian oil
Oil prices have soared to their highest weekly increase in nearly five months, driven by fresh sanctions from the United States and the European Union against Russia's largest oil companies. The measures have sparked fears of supply disruptions, pushing crude futures up by over 5% on Thursday. Brent......
The United States has launched its most comprehensive economic measures against Russia, targeting its two largest oil companies, Rosneft and Lukoil, as efforts to resolve the war in Ukraine remain stagnant. The sanctions, announced by Treasury Secretary Scott Bessent on October 21, 2025, represent a......
Former U.S. President Donald Trump has called on European leaders to cease purchasing Russian oil, which he claims finances Moscow’s military campaign against Ukraine. He also urged increased economic pressure on China due to its support of Russia’s war efforts. This appeal was made during......
The United States has increased its tariff on Indian imports from 25% to 50%, in a move aimed at punishing New Delhi for its continued purchases of Russian oil. The decision, announced earlier this month by President Donald Trump, reflects Washington’s frustration with Moscow’s refusal to......
During trade negotiations in Stockholm, the Chinese Foreign Ministry sharply rejected U.S. demands to halt purchases of Russian and Iranian oil, despite threats of imposing tariffs as high as 100%. Beijing emphasized that safeguarding its energy supply remains a matter of national sovereignty. China......
U.S. President Donald Trump has once again expressed his growing frustration with Russian President Vladimir Putin, criticizing Moscow’s continued aggression in Ukraine. Despite campaign promises to swiftly end the conflict and surpass his predecessor Joe Biden’s efforts, Trump has struggled......
India’s ongoing purchase of Russian oil has been described as a “point of irritation” by US Secretary of State Marco Rubio, who highlighted its impact on the strategic partnership between New Delhi and Washington. Speaking in an interview with Fox Radio, Rubio acknowledged India’s......
On January 18, Ukrainian officials reported that four people were killed in Kyiv overnight following explosions and air raid sirens. Ukrainian military forces intercepted multiple Russian missile and drone strikes, destroying 24 drones and two ballistic missiles. A total of 39 drones and four missiles......
New sanctions imposed by the U.S. on Russian oil producers and vessels are expected to significantly impact Russia's oil exports, forcing China and India to source more oil from the Middle East, Africa, and the Americas. This shift is expected to drive up oil prices and freight costs, traders and......
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