Crude oil
Opinion: Trump’s Russian oil sanctions gambit will test his tolerance for pain
The U.S. designation of the two Russian companies, which follows Britain's decision last week to hit Rosneft and Lukoil with sanctions, cuts them off from the dollar-based financial system.
EIA: U.S. crude, fuel inventories fall on robust refining and demand
U.S. crude oil, gasoline and distillate inventories fell last week as refining activity and demand strengthened, the U.S. Energy Information Administration (EIA) said.
EU to list two Chinese oil refineries, one trader in new Russia sanctions
The EU has toughened its stance on Beijing as diplomatic efforts have stalled. The EU, Ukraine and its allies view China as a central node in Moscow's sanctions circumvention network.
Trump’s India squeeze to push Russian oil further into the shadows
India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022. It purchased 1.9 MMbpd of Russia’s crude in the first nine months of 2025, 40% of its total exports.
Phillips 66, Kinder Morgan eye new pipeline to bolster U.S. West Coast fuel supply
If constructed, the new pipelines could help ease the strain on West Coast fuel supply from the planned closures of Phillips 66's Los Angeles refinery by the end of this year and Valero Energy's Benicia refinery next year.
EIA: U.S. crude stocks climb more than expected as refinery crude runs decline
U.S. crude stocks rose more than expected last week as refining crude runs dropped sharply to their lowest in more than a year and a half.
Western pressure to hit Asian buying of Russian oil and LNG from December
Washington is exerting pressure on China, India and Japan through trade talks to reduce their purchases of Russian oil and LNG, while Britain has just imposed sanctions on Chinese and Indian entities.
U.S. says India halves Russian oil imports, sources say no cuts seen
Russian oil is a main irritant for Trump in prolonged trade talks with India - half of his 50% tariffs on Indian goods are in retaliation for those purchases.
UK sanctions Russia's Lukoil and Rosneft, targets shadow fleet
Lukoil and Rosneft were designated under Britain's Russia sanctions laws for what London described as their role in supporting the Russian government. They are subject to an asset freeze, director disqualification, transport restrictions, and a ban on British trust services.
Some Indian refiners to move away from Russian oil
India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022.
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