Source link The UAV spotted over an oil refinery in the Yaroslavl was reportedly brought down using electronic warfare systems A drone was used to target an oil refinery in Russia’s Yaroslavl Region on Monday, according to governor Mikhail Evraev. The official said that the attack was prevented using electronic warfare systems that successfully brought […]
Source link The vessel shipping for trading giant Trafigura is reportedly transporting Russian-origin naphtha for making plastics, gasoline A petroleum-products tanker operated on behalf of Trafigura was struck by a Houthi missile in the Gulf of Aden after transiting the Red Sea, several outlets were reporting on Friday, citing the commodities-trading giant. According to Marine […]
Source link With the economy surging, New Delhi has been buying crude from whomever offers the lowest price, an Oilprice report notes India is set to overtake China as the single biggest driver of global oil demand growth by 2030, Oilprice reported on Wednesday, citing analysts and forecasters. India’s economy has seen “robust” growth over […]
Source link New Delhi has effectively managed its oil trade with Moscow without compromising its national security, sovereignty, or alienating other partners India’s oil trade with Russia has undergone a seismic shift in the last one and a half years, spurred by the Ukraine conflict. With India’s refiners capitalizing on discounted Russian oil, Moscow swiftly became India’s […]
Source link Shipments from the sanction-hit country surged 24% in 2023 to exceed the 100 million ton mark Russia moved past Saudi Arabia in 2023 to become the largest exporter of oil to China, Chinese customs data released on Saturday showed. Moscow delivered just over 107 million metric tons of oil to China in 2023, […]
Source link The US Treasury Department has blocked the bulk carriers and oil tankers of an Abu-Dhabi-based firm Washington has imposed sanctions on a company registered in the United Arab Emirates for its alleged oil deals with Russia, the US Treasury Department’s Office of Foreign Assets Control (OFAC) announced on its website on Thursday. OFAC […]
Source link Human rights activists have demanded that Shell deal with the damage from oil spills in Nigeria before withdrawing British energy giant Shell has announced it has reached an agreement to sell its onshore assets in Nigeria in a deal worth $2.4 billion. The company is embroiled in long-running legal battles over environmental pollution […]
Source link An Arctic storm has reportedly affected the operations of multiple refineries from North Dakota to Texas A severe winter storm shut a US Gulf Coast refinery in Texas on Tuesday, caused a glitch at some other petroleum plants, and halved North Dakota oil production, Reuters reported on Wednesday. People familiar with TotalEnergies’ operations […]
Source link New Delhi took a “pragmatic” decision to scale up purchases of Russian oil, despite sweeping sanctions on Moscow by the West, and the results of the decision “are for everyone to see,” India’s Petroleum and Natural Gas Minister Hardeep Singh Puri said at the World Economic Forum’s annual meeting in Davos on Tuesday. […]
Source link The upward moves in crude prices have so far shown no signs of panic-buying, although investors remain on edge Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews Last week’s airstrikes in Yemen by the US and UK are prompting concerns about […]
Source link Purchases of crude surged last year on growing fuel demand, according to customs data China ramped up its stockpiling of crude last year, with imports beating the previous annual record, reached in 2020, as fuel demand bounced back after Covid-19 restrictions were lifted, Chinese customs data released on Friday showed. The country’s oil […]
Source link Washington and London have retaliated against Houthi attacks on ships passing through the Red Sea Crude oil prices have gained more than 2% on Friday after the US and UK carried out a series of strikes on Houthi targets in Yemen in response to the latter’s attacks on ships traversing the Red Sea. […]
Source link The St. Nikolas was transporting crude from Iraq to Turkey when it was boarded An oil tanker has been boarded and seized by Iranian forces in Gulf of Oman, Tehran’s Navy confirmed on Thursday. The St Nikolas – a Greek-owned vessel bearing the Marshall Islands flag – was taken in retaliation for last […]
Source link Production drilling still managed to reach the highest level in a decade last year, data shows Russian oil companies were on track for record drilling at their oil fields last year and showed no signs of harm from sanctions or the departure of some Western oil-field service providers, Bloomberg reported on Wednesday. From […]
Source link In November alone, Washington reportedly purchased nearly 10,000 barrels of sanctioned crude The US has continued to buy Russian oil despite being a staunch proponent of anti-Russia sanctions its own ban from early 2022 on energy imports from the country, news outlet RBK reported on Thursday, citing data from America’s foreign trade statistics […]