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August 14, 2026
Indian dependence on Russian crude soared to a record in July. Shipments from Russia accounted for 50.83% or 2.47 million barrels per day of the imports made by the world's third largest oil consumer and buyer. The data revealed that India's…
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August 12, 2026
The U.N. shipping agency reported on Wednesday that oil from a large slick of oil leaking from the tanker Caroline 'Bezengi has reached 'Oman's' mainland. Oil is drifting off to the northeast (of Oman's Al-Qibliyyah Island), with reports that some oil has reached the mainland.
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August 11, 2026
Russian wheat exports could 'fall to the lowest level in nearly a decade,' agricultural analysts said on Tuesday. The world's largest wheat exporter is battling low prices and security concerns on key Black Sea shipping routes. During their four-and-a half year war…
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August 4, 2026
Three trading sources reported that Russia's Far East ESPO blend crude?for September deliveries to _China?traded at discounts up to $1 per barrel to resemble _ICE Brent. This was largely due to a stronger Chinese demand, and the uncertainty surrounding Middle East supply.
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August 4, 2026
The Turkish maritime authority reported that three crew members were injured seriously after a?roll-on/roll off?cargo?ship?was 'hit' 'in a drone strike near Russia's Black Sea Port of Novorossiysk. The Nadezhda, which was sailing from Novorossiysk…
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July 29, 2026
Three trade sources said that the discount on Russian Urals crude delivered to India has?dropped this week to between $1 and 2 a barrel compared to the Brent benchmark dated last year due to supply concerns. The increased demand for?Indian refined…
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July 28, 2026
Andrii 'Sybiha, the Ukrainian foreign minister, said that he spoke to his Iranian counterpart Abbas Araqchi on Tuesday, after Iran denounced a Ukrainian drone attack on one of its ships. He warned him about escalation, and told him he should stop all support for Russia.
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July 7, 2026
German Finance Minister Lars Klingbeil and Chancellor Friedrich Merz said on Tuesday that Canada's decision to select TKMS, a German company, to build 12 submarines for their navy is good news for Germany and NATO collective security. Merz,…
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July 21, 2026
Data from sources shows that India's imports of oil from Russia, Latin America and the Middle East fell in the?April to June quarter due to the restricted flow through the Strait of Hormuz after the?U.S./Israeli attack against Iran. India, which…
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July 9, 2026
Some clever people have come up with acronyms based on Mexican food to describe the disruptive and unprecedented U.S. presidential presidency of Donald Trump. TACO - Trump Always Chickens out - is an acronym that reflects the U.S. president's tendency to escalate a situation…
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July 4, 2026
Authorities in St Petersburg, Russia's second largest city and the surrounding Leningrad area said on Saturday that a major Ukrainian drone strike overnight had hit a local oil pipeline and port. Alexander Beglov, the Governor of St Petersburg…
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June 16, 2026
The Turkish foreign minister said that he had spoken to his Russian counterpart on Tuesday about the importance of avoiding actions in 'the Black Sea' that threatened regional security and Turkey's interests. He also reiterated Turkey's offer as a mediator between Kyiv & Moscow.
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June 16, 2026
Never bet against Donald Trump. Oil market made a bet from the first day of the Iran War: the U.S. President would not let the conflict spiral into an economic crisis. The traders would not price in a single barrel, regardless of what happened with the physical supply.
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May 13, 2026
Data from the Petroleum Association of Japan showed that Japanese refineries processed oil at over 70% of their capacity for the first since March. This was due to crude being released from their stockpiles, and other alternative sources. Japan…
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May 4, 2026
Trade sources reported that 'Indian traders are now exporting wheat to Asia and the Middle East for a first time in 4 years. Sources declined to identify themselves as they were not authorized to speak to media. ITC didn't immediately respond to an inquiry for comment.
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April 30, 2026
Iran announced on Thursday that it would respond to any new attacks by Washington with "long, painful'strikes'" and reasserted control over the Strait of Hormuz. This complicates U.S. plans to form a coalition in order to reopen this?waterway.
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April 30, 2026
Ukraine's top prosecutor and foreign minister said Thursday that a vessel containing grain, which Ukraine claims was stolen from areas under Russian occupation, will not be unloaded in Israel. This came after Kyiv asked Israel to seize this cargo.
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April 30, 2026
Israeli media reported on Thursday that a vessel carrying grain that Ukraine claims was stolen by Russia will not unload its cargo in Israel. Kyiv had asked Israel to seize the cargo. The Jerusalem Post, among other outlets, cited a Grain Importers…
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April 30, 2026
According to a cable from the State Department, the U.S. is pushing other countries to create an international coalition in order to restore freedom of movement in Strait of Hormuz. This comes as oil prices have risen to their highest level…
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April 29, 2026
Ukraine's top prosecutor said that Israel should seize the vessel which was carrying grain it claims to have stolen from Russian-occupied areas, on Wednesday. The shipment had sparked diplomatic tensions between the two countries. On Tuesday, Israel and Ukraine traded accusations.
