Trump Claims India Will Not Purchase Oil From Russia
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Britain is targeting Russia's largest oil companies and the country's "shadow fleet" of oil tankers in a bid to cut off Vladimir Putin's ability to fund the war in Ukraine. The UK government is also pursuing a major Indian oil refinery and four Chinese oil terminals in a package of 90 new sanctions.
Russia continues to be the biggest source of oil for India. Here's what tracking data shows of the ups and downs in the trade despite US pushing for New Delhi to drop Moscow connection.
Russian oil production rose in September to 9.321 million barrels per day, up 148,000 bpd from August, as the world's leading oil producing countries continued to ramp up production, OPEC monthly data showed on Monday.
Iran is ramping oil production back to record 2024 levels of around 4.3 million barrels per day, despite U.S. and Israeli airstrikes and ongoing sanctions. Russia is leading new development efforts in key shared oilfields like Changuleh, Cheshmeh-Khosh, and Arvand.
Drones hit a major oil depot in occupied in Crimea, sparking a huge blaze and blanketing the sky with smoke in the latest attack on Russian oil infrastructure. The strike occurred in the city of Feodosia overnight Sunday, and at last five oil tanks were hit, the Kyiv Independent reported.