Indian refiners plan to reduce purchases of Russian oil in the coming weeks — a small concession to Washington less than a day before U.S. tariffs increase, and a signal that New Delhi does not intend to break ties with Moscow, Bloomberg reports citing sources. State-owned and private refiners, including major player Reliance Industries Ltd., […]
In Russia, 14 Sukhoi Superjet 100 (SSJ-100) aircraft are operating flights with structural defects in the fuselage. The issue was reported to Rosaviatsia by the aircraft manufacturer, PJSC Yakovlev. The aviation regulator has ordered airlines operating these jets to carry out inspections and, if necessary, repairs. “The defects concern aircraft with serial numbers 95104–95117. All […]
The share of the ruble in payments for Russian exports reached a record 55.5% in June, according to the Russian Central Bank. For the first time on a quarterly basis, the ruble’s share in export settlements exceeded half, standing at 53.3%, The Moscow Times reports. An estimated 40% of this increase stems from the need […]
The Amsterdam court has seized the assets of the Dutch company Gazprom Neft Middle East (GNME), a subsidiary of Gazprom Neft, according to Russian media citing court documents. The lawsuit was filed by investor Alcazar Capital Partners (Cayman Islands), which has been trying for years to recover a debt from the government of Iraqi Kurdistan. […]
Russia is preparing for oil prices to fall to $40 per barrel due to an oversupply, China’s economic slowdown, and increased oil production by OPEC+ countries, according to Ukraine’s Foreign Intelligence Service. Global oil prices could drop to $40–50 per barrel in late 2025 to early 2026, the Russian Roscongress Foundation notes in its report. […]
Indian oil refining company Nayara Energy, in which Rosneft holds a 49.13% stake, has announced the start of legal proceedings against Microsoft. The move comes after the U.S. tech giant “suddenly and unilaterally” cut off Nayara’s access to key services, Bloomberg reports, citing a company statement. “Microsoft is currently restricting Nayara Energy’s access to its […]
The District Court of The Hague has lifted the seizure of Gazprom’s assets in two Dutch companies — Wintershall Noordzee and Gazprom International Projects B.V., according to Russian media reports. The assets were initially frozen as part of lawsuits filed by Ukrainian companies seeking compensation for assets lost after Russia’s full-scale invasion. At first, the […]
Russia received its lowest fossil fuel revenues since the start of the war In the second quarter of 2025, Russia’s revenues from fossil fuel exports fell by 18% year-on-year, the worst figure since the invasion of Ukraine. This is stated in the monthly report of the Centre for Energy and Clean Air Research (CREA). Despite […]
The International Energy Agency (IEA) has stated that the prolonged decline in exports of oil and petroleum products from Russia calls into question its ability to maintain production capacity. In June, supplies remained at their lowest seasonal level in five years, according to Bloomberg. ‘Supplies of both crude oil and petroleum products remained exceptionally low […]