Page 2 - Russia Oil Production

Vladimir Putin running out of time to achieve breakthrough in Ukraine

Putin insists his war goals are unchanged and that Russia will fight for as long as needed to win in Ukraine, regardless of mounting casualties in a war that's in its third year with no end in sight

Proposed ban on Russia's LNG transports not to impact Asia: EU commissioner

European Union proposed to ban re-loading services by EU facilities for trans-shipment of Russian LNG to third countries

Considering action against China firms, banks over Russian war support: US

Encounters between the Philippines and China in Asia's most contested waters have grown more tense and frequent in the past year as Beijing presses its claims

Govt asks state-run oil refiners, RIL to jointly negotiate Russia oil deal

Reliance is unlikely to share sensitive information with the state oil refiners given they're competitors in the domestic fuel market

India's crude oil import bill soars as Russian discount halves since Feb

India's crude oil import reliance hit a record 87.8 per cent in FY24 and is expected to rise in FY25 due to growing demand and stagnant domestic production

India's Russian oil imports rise to 9-mth high in April as shipments resume

India, the world's third-biggest oil importer and consumer, is the top client for Russian seaborne oil

Russia asks British diplomat to leave country in a week in tit-for-tat move

Russia on Thursday declared Britain's defence attach persona non grata and gave the diplomat a week to leave the country in response to London's decision to expel the Russian defence attach earlier this month over spying allegations. Russia's Foreign Ministry said in a statement that it summoned a representative of the British Embassy in Moscow on Thursday to express its strong protest in connection with the unfriendly and groundless decision to expel the Russian attach from London. We emphasized that we regard this step as a politically motivated action of clearly Russophobic nature, which is causing irreparable damage to bilateral relations, the statement read. Britain on May 8 announced several measures to target Moscow's intelligence gathering operations in the UK Those included a decision to boot Maxim Elovik, a Russian colonel who the British government termed an undeclared military intelligence officer, rescinding the diplomatic status of several Russian-owned properties ...

US announces $400 million military aid package for embattled Ukraine

This package is the third slated for Kyiv after the US passed the national security supplemental last month that included $61 billion for Kyiv

Russia will have to increase missile arsenal to deter West, says diplomat

Russia has ramped up weapons production and is now forecast by the United States to manufacture this year more artillery than all of Nato's 32 members combined

Putin's critic warns Kremlin will seize more assets to punish foes

Russia has become increasingly aggressive in seizing assets from local tycoons since the start of the Ukraine war

India buys more oil from Russia, less from Iraq, Saudi Arabia in April

Oil imports from Iraq declined by 20-23%, the data showed

India receives oil cargo in Russian SCF tanker after brief halt: Reports

India is the largest consumer of Russian seaborne oil, sold at a discount after Western nations shunned purchases from Moscow for its invasion of Ukraine

Putin announces plan to visit China in May, his first trip after poll win

Russian President Vladimir Putin said on Thursday he plans to visit China in May, in what could become the first foreign trip for the Russian leader after he extended his rule by six more years in an election that offered voters little real choice. Putin announced the plans for the visit at a congress of the Russian Union of Industrialists and Entrepreneurs in Moscow. He didn't say when exactly it would take place and didn't offer any other details. Putin's inauguration is scheduled for May 7, Russian lawmakers said earlier this week. Last month, the 71-year-old Russian leader secured his fifth term in office in a vote with no real opposition, extending his 24-year rule. Russia's growing economic and diplomatic isolation because of its war against Ukraine has made it increasingly reliant on China, its former rival for leadership of the Communist bloc during the Cold War. According to a recent US assessment, China has surged sales to Russia of machine tools, microelectronics and oth

NSA Ajit Doval meets Russian counterpart; discuss bilataral cooperation

During the meeting, he called for closer cooperation in the fight against terrorism and concrete actions to prevent transborder planning, funding and execution of terrorist acts

Indian refiners may need a rethink amid shrinking Russian crude discounts

Even after reduction, discounts on Russian crude oil may be contributing $1.5 to $2.5 a barrel to refiners' gross refining margins

Russia squeezes Mideast, OPEC shares in India's oil mkt to historic lows

Russia is an ally of the Organization of Petroleum Exporting Countries (OPEC) but it has eaten into the share of India's crude diet from key OPEC producers in the Middle East

Russia reduces railway exports of gasoline by 26.5% in April so far

Russia banned gasoline exports for six months from March 1 except to a Moscow-led economic union and some countries, with which it has direct inter-government agreements on fuel supplies

China increasing weapons sales to Russia to support war against Ukraine

China has surged sales to Russia of machine tools, microelectronics and other technology that Moscow in turn is using to produce missiles, tanks, aircraft and other weaponry for use in its war against Ukraine, according to a US assessment. Two senior Biden administration officials, who discussed the sensitive findings Friday on the condition of anonymity, said that in 2023 about 90 per cent of Russia's microelectronics came from China, which Russia has used to make missiles, tanks and aircraft. Nearly 70 per cent of Russia's approximately USD 900 million in machine tool imports in the last quarter of 2023 came from China. Chinese and Russian entities have also been working to jointly produce unmanned aerial vehicles inside Russia, and Chinese companies are likely providing Russia with nitrocellulose needed to make propellants weapons, the officials said. Beijing is also working with Russia to improve its satellite and other space-based capabilities for use in Ukraine, a development

Oil consolidates gains amid concerns of worsening Middle East conflict

US Secretary of State Antony Blinken has told Israeli Defense Minister Yoav Gallant that the United States will stand with Israel against any threats by Iran

Russia renews attacks on Ukraine with new tactics, improved intelligence

When the Russian barrage hit the Ukrainian power plant, a worker named Taras was manning the control panel a crucial task that required him to stay as the air-raid siren blared and his colleagues ran for safety. After the deafening explosions came a cloud of smoke, then darkness. Fires blazed, and shrapnel pierced the roof of the huge complex, causing debris to rain down on workers. Following protocols, Taras shut down the coal-fired plant, his heart racing. In the March 22 attack, Russia unleashed more than 60 exploding drones and 90 missiles across Ukraine the worst assault on the country's energy infrastructure since the full-scale invasion began in early 2022. The fusillade reflected Russia's renewed focus on striking Ukrainian energy facilities. The volume and accuracy of recent attacks have alarmed the country's defenders, who say Kremlin forces now have better intelligence and fresh tactics in their campaign to annihilate Ukraine's electrical grid and bring its economy to a