Economics

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.

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.

U.S. ethane exports are expected to grow through 2026

Airlines face price-gouging by green jet fuel sellers, IATA says

The EU began requiring airlines to use more sustainable aviation fuel (SAF) this year, with a 2% minimum blending mandate set to rise to 6% by 2030.

Strathcona Resources terminates takeover bid over for MEG Energy Corp.

Sinopec diverts supertanker from U.S.-sanctioned port

A supertanker carrying oil to the Chinese port of Rizhao in Shandong province changed its destination over the weekend after the U.S. imposed sanctions on an import terminal at the port on Friday.

BASF, Carlyle reach agreement on €7.7-B coatings business transaction to create a leading standalone company

Sanctions-hit Nayara scrambles to sustain operations, with New Delhi's help

Shut out of many international markets because of crippling sanctions imposed by the European Union on July 18, the Russian-owned refinery has had to divert more fuel to the domestic market and find new export customers, among numerous workarounds, big and small, forced by the bloc's penalty.

INEOS' CEO, Jim Ratcliffe, calls on European politicians to make 11th hour intervention to save Europe's chemical industry

Aramco completes acquisition of additional stake in Petro Rabigh