August 07, 2025 Despite the current sanctions and imposition of additional 25% on India by President Trump as punishment for continuous import of Russian crude oil, the Russian flagship Urals blend is still trending at a $5 discount. Following these latest moves by the EU and the U.S., Indian refiners started reducing their intake of Russian […]Read More

August 06, 2025 U.S. President Donald Trump has signed an executive order enacting an additional 25% tariff on Indian goods, explicitly targeting India’s ongoing imports of Russian crude oil. This order increases the total tariff rate on Indian exports to the United States to 50%, the highest level for any country under current U.S. policy. According to […]Read More

August 06, 2025 Russia is preparing to sharply increase crude oil exports this month after Ukrainian drone strikes disabled two major refineries, leaving excess unprocessed crude with no domestic outlet and prompting a shift toward western port shipments. According to Reuters, crude shipments from Russia’s refinery western ports could increase to 2 million barrels per day […]Read More

August 2, 2025 In a bid to check incessant petrol tanker accidents leading to loss of life and damage to roads, the western zone Independent Petroleum Marketers Association of Nigeria (IPMAN) has said petrol tankers will not be allowed to load beyond 45,000 litres of the product from October 1. The Chairman of the zone, Chief […]Read More