The Nigerian Senate on Wednesday produced a report that found $303 billion in oil revenue from the past ten years is missing, much of it attributed to oil thieves who tap into pipelines and sell their stolen crude on the black market.
President Donald Trump told reporters on Air Force One on Thursday that he and Chinese dictator Xi Jinping agreed to “work together” to end the war in Ukraine during their “amazing meeting” in South Korea.
Russian oil giant Lukoil issued a statement on Monday saying it would sell many of its international assets spread out across 11 different countries under intense pressure from President Donald Trump’s latest round of sanctions.
Ukraine´s long-range strikes on refineries have reduced Moscow´s refining capacity by 20%, Volodymyr Zelenskyy said.
Indian oil refiners were reportedly unhappy with Wednesday’s news that President Donald Trump imposed heavy sanctions on Russia’s two largest oil companies, Rosneft and Lukoil.
The Russian government on Thursday downplayed President Donald Trump’s statement that he has persuaded India to dramatically reduce its massive purchases of Russian oil, teasing a major offering of Russian military hardware as an incentive for India to keep funding President Vladimir Putin’s war in Ukraine.
The Chinese government on Thursday insisted its massive oil imports from Russia are “legitimate and lawful” and threatened “countermeasures to firmly defend its sovereignty” if President Donald Trump pressures Beijing to stop buying Russian oil.
Syrian President Ahmed al-Sharaa traveled to Moscow on Wednesday for a meeting with Russian President Vladimir Putin, who is desperate to preserve Russia’s investments in Syria after the fall of the Russian-supported dictator Bashar Assad.
According to data from analytics firm Kpler, Russia remained India’s top supplier of oil in September, despite heavy pressure from the United States for India to scale back its imports and choke off Russian President Vladimir Putin’s funding for his war in Ukraine.
President Donald Trump told reporters at the White House on Thursday that Turkish President Recep Tayyip Erdogan could pressure Russia to end the war in Ukraine “if he wants to.” Erdogan was sitting next to Trump when he said it.
During an interview aired on Tuesday’s broadcast of CNN International’s “The Brief,” Dutch Foreign Minister David van Weel said that the United States has lowered its emissions and helped the fight against climate change in doing so by using more
The Indian Ministry of Commerce and Industry said on Tuesday that trade discussions with a U.S. delegation to New Delhi were “positive” and “forward-looking.”
India’s participation in military exercises with Moscow and its purchases of Russian oil “stand in the way of closer ties” with the EU.
Ukraine will reportedly begin curbing its imports of diesel fuel from India beginning next month, due to India’s insistence on buying huge amounts of discounted Russian crude oil.
Saudi Arabian state media reported on Thursday that the Saudi government will provide 1.65 million barrels of crude oil to the government in Damascus to assist with the postwar reconstruction of Syria.
The American Petroleum Institute (API) unveiled its policy roadmap, which urges Congress to modernize the country’s outdated permitting system to help ensure low American energy costs.
The headlines have lately been filled with stories of rising tension between the U.S. and India, sparked by President Donald Trump’s tariffs and his insistence on India cutting back its purchases of Russian oil, but Indian Commerce Minister Piyush Goyal was upbeat on Tuesday about the prospects of signing a trade deal by November.
On Tuesday’s broadcast of MSNBC’s “11th Hour,” Oregon Attorney General Dan Rayfield (D) stated that if President Donald Trump is successful in his legal battle to use emergency powers to implement tariffs, then when a Democrat becomes president, “we’re going
Russian President Vladimir Putin met with Chinese dictator Xi Jinping and Indian Prime Minister Narendra Modi on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Tianjin, China on Monday. Xi and Putin used the event to tout their vision of a new post-American, post-European world order, and seemed intent on fitting India into that vision.
Economic analysts predicted this week that the money India saved by importing huge amounts of discounted Russian oil will be more than wiped out by President Donald Trump’s punitive tariff increase, which took effect on Wednesday.
According to shipping data, the top buyers of Russian seaborne fuel in July were Saudi Arabia and India, although India has backed off Russian oil imports slightly.
Indian Foreign Minister Subrahmanyam Jaishankar met with Russian President Vladimir Putin in Moscow on Thursday.
The Financial Times (FT) on Wednesday published a report co-authored with a research group called C4ADS about a complex global network that is moving huge amounts of oil from Russia, Iran, and Venezuela to China in defiance of sanctions.
Russian Foreign Minister Sergey Lavrov said after meeting with Indian Foreign Minister Subrahmanyam Jaishankar in Moscow on Thursday that the flow of Russian oil to India will continue despite President Donald Trump’s efforts to pry the longtime allies apart.
On Wednesday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Interior Secretary Doug Burgum stated that President Donald Trump plans to hold China accountable for its purchase of Russian oil the way he’s attempting to do with India “and
California Gov. Gavin Newsom (D) has done a flip-flop on oil production, with the state facing steep gas price hikes, and is now trying to work with the fossil fuel industry to produce more fuel rather than stopping it.
President Donald Trump’s call to “drill baby drill” includes unleashing all forms of U.S. energy, Interior Secretary Doug Burgum said during an appearance on Breitbart News Daily.
Indian National Security Adviser Ajit Doval touted his government’s “strategic partnership” with Russia on Thursday after meeting with Russian military officials.
The National Oil Corporation (NOC) of Libya announced a memorandum of understanding (MOU) with ExxonMobil on Monday, potentially jump-starting the oil giant’s activities in war-torn Libya after more than a decade of inactivity.
Indian Prime Minister Narendra Modi urged his citizens to buy local products, and scheduled a rare diplomatic visit to regional adversary China, as trade negotiations with the United States came to an impasse this week.
President Donald Trump will hike tariffs on India to 50 percent beginning later this month in response to India’s purchases of Russian oil.
Saudi Aramco, the national oil company of Saudi Arabia, posted a 22 percent decline in profits for the second quarter of 2025.
India’s Asian News International (ANI) on Sunday quoted sources in New Delhi who said India has “dramatically increased its crude oil imports from the United States since President Donald Trump returned to the White House for his second term.”
India’s state-owned oil refineries stopped buying Russian oil last week, after President Donald Trump and NATO Secretary-General Mark Rutte warned Moscow’s oil customers they could face crushing secondary sanctions for financing the war in Ukraine.
On Tuesday’s broadcast of Newsmax TV’s “The Record,” Special Presidential Envoy for Russia and Ukraine Keith Kellogg said that the United States has not really gone after Russia’s money flows from oil that hard and that the level of sanctions
On Tuesday’s broadcast of the Fox News Channel’s “Special Report,” Energy Secretary Chris Wright said that putting sanctions on Russian oil is “the biggest pressure you can put on them.” And putting these sanctions in place is “a very real
Indian Oil Minister Hardeep Singh Puri said on Thursday that India will be able to get the oil it needs, even if President Donald Trump imposes steep secondary tariffs on countries that do business with Russia.
North Atlantic Treaty Organization (NATO) Secretary-General Mark Rutte on Wednesday warned Brazil, China, India, and other heavy buyers of Russian oil they could face stiff secondary sanctions if they keep doing business with Moscow.
Indian Foreign Minister Subrahmanyam Jaishankar on Tuesday met with his Chinese counterpart Wang Yi, and dictator Xi Jinping, on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Beijing.
The Organization of the Petroleum Exporting Countries (OPEC) on Thursday released an updated forecast for 2050 which anticipated soaring demand for oil in the medium and long term, once China’s economic outlook improves.