Russia has offered several cargoes of liquefied natural gas from Novatek’s Arctic LNG 2 facility to South Asian buyers, Bloomberg has reported, noting the facility is under U.S., EU, and UK sanctions.
Drones attacked Russia’s Ust-Luga port on the Baltic Sea setting it on fire as Ukraine carried out the most intense air strike on its foe in more than a year.
Russia is ready to divert oil to India to offset Middle East supply disruptions, with about 9.5 million barrels of Russian crude in vessels near Indian waters and able to arrive within weeks, an industry source with direct knowledge told Reuters. The source declined to say where the non Russian fleet cargoes were originally headed but said they could deliver to India within weeks, giving refiners rapid relief.
Russia’s oil exports were essentially flat in 2025 compared to a year earlier, with most supplies – a massive 80% — going to China and India, Russian Deputy Prime Minister Alexander Novak said on Friday.
Russia’s pipeline operator Transneft has cut crude intake into its system by roughly 250,000 barrels per day after damage at the Kaleykino pumping station in Tatarstan, according to Reuters sources.
The surge in Russian crude sales in China and the simultaneous drop in Indian demand for Russia’s oil have prompted Moscow to turn to using a larger fleet of supertankers—vessels capable of carrying 2 million barrels of crude.
Russia is exporting crude oil at rates higher than before its 2022 invasion of Ukraine and the barrage of Western sanctions that followed it, many targeting specifically the oil industry.
Iran and Russia are strengthening their economic and energy cooperation and consider joint development of another Iranian oilfield, top officials from the countries said on Wednesday.
Ukraine is ready to halt strikes on energy infrastructure if Russia agrees to abide by a US proposal for a weeklong truce, President Volodymyr Zelenskiy said.
India has more work to do in order to satisfy US concerns about its purchases of Russian oil and secure tariff relief, President Donald Trump’s trade representative said.