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The Latest Breaking News from Kpler

India is selling Russian oil products to EU at record rate before ban kicks in

From January new EU sanctions will prohibit the import of petroleum products refined from Russian oil in third countries

The Independent UK

India's Modi Dangles Tax Cuts As US Tariffs Loom

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.

International Business Times

Oil Prices Could Surge By 10% As US Drops Bunker Buster Bombs On Iran, But May Not 'Last,' Says Analyst: 'Freight Disruptions Will Be The Story To Watch'

In the wake of the U.S. dropping bunker buster bombs on Iran’s key nuclear sites, energy markets are preparing for potential disruptions and a further surge in oil prices.

Benzinga

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Dow futures drop 150 points while oil prices jump after the U.S. bombs Iran's nuclear sites and widens Mideast conflict

"It will take some time for this conflict to settle, but the market will view the worst is now in the rear-view mirror," Dan Ives wrote.

Fortune

Oil prices could spike 10% after the U.S. attack on Iran — 'But don’t be fooled, this may not last'

Based on the closing price of Brent crude on Friday, a 10% jump would send the global oil benchmark to nearly $85 per barrel.

Fortune

Does Trump Want Lower Gas Prices or Oil Sanctions on Iran?

The Trump administration’s math on Middle Eastern energy supplies just doesn’t add up.

Reason

‘Phantom fleet’ suspected of transporting Russian liquefied natural gas from the Arctic

Satellite images from August show two liquefied natural gas (LNG) tankers docked at the port of Arctic LNG 2, a Russian LNG production mega-project sanctioned by the United States. Because they transmit false GPS coordinates and have links with opaque companies supposedly based in Dubai, these ships could be part…

France 24

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French imports of Russian LNG surge, but Ukraine supporters seek a stop

Shipments of Russian liquified natural gas (LNG) to France more than doubled the first half of this year, fresh analyses of trade data shows. It comes as Europe seeks to pull back from energy purchases that help finance the Kremlin's invasion of Ukraine.

Radio France Internationale

French imports of Russia's liquified natural gas surge, and Ukraine supporters seek a stop

New analyses of trade data show that shipments of Russian liquified natural gas to France more than doubled the first half of this year

The Independent UK

Oil Prices Holds Above $85 As Israel Braces For Iran Response Lifting Energy Stocks Near Buy Points

Oil prices are hovering around five-month highs with energy stocks trading right around buy points.

Investors Business Daily

Oil supply tightens in Europe over Red Sea disruptions

The volume going to Europe from the Middle East has nearly halved amid continuing attacks by Yemen’s Houthi rebels.

Al Jazeera

Europe buying Russian oil via India at record rates in 2023 despite Ukraine war

India is benefiting from importing cut-price Russian oil amid European sanctions – and also selling that same oil to EU markets at full price once it has been refined

The Independent UK

Rising Prices Cap India's Thirst For Russian Oil

Indian purchases of Russian crude in defiance of Western pressure over the Ukraine war have fallen to an 11-month low as the price tag on the discounted oil rises, figures show.

International Business Times

The War In The Middle East Put Pressure On The U.S. To Take Iranian Oil Off The Market. But With An Election Year Upcoming, It's Not Happening.

Oil prices surged at the beginning of the Israel-Hamas war amid escalation concerns. However, prices have retreated along with supply disruption worries.

Investors Business Daily

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The Independent UK

Russian oil supplies continue to spike despite G7 price cap sanctions, data shows

Russia’s oil revenues likely to increase due to constant increases in crude prices, show estimates

Reuters

Black Sea grain deal uncertainties stall Ukraine shipments

Dozens of ships are unable to reach Ukraine, days after a Black Sea grain deal was extended and the pace of shipments is unlikely to pick up because of slow inspections and other uncertainties, according to data and three sources.

Al Jazeera

EU to curb Indian fuel imports made with Russian oil: Report

The EU’s foreign policy chief has called for a crackdown of Russian oil into Europe as refined fuel, including diesel.

The Independent UK

Russian oil exports back above pre-Ukraine war levels as India and China buy 90% of Moscow’s crude

Asian giants are buying 1.5 million barrels a day from Russia – each

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news in one place.

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Tribune News Service

Aging shadow fleet carrying Russian oil poses disaster risk

The oil tanker Turba normally should have been melted down by now.

The Independent UK

India to make Russia its number one oil supplier in move that could scupper impact of price cap

Exclusive: Analysts tell The Independent that India is now expected to overtake EU as largest importer of Russian crude following European ban

Investors Business Daily

Oil Markets In Flux As Embargo Deepens; China, India Demand Russian Discounts

Oil markets swung into a massive redrawing of trade routes Monday as EU's embargo of Russian oil took full effect.

Investors Business Daily

Oil Prices Rebound Ahead Of Massive Supply Chain Shift

OPEC+ meets on Sunday. U.S. oil prices and oil-related stocks edged lower Friday.

The Independent UK

Sky-high diesel prices squeeze truckers, farmers, consumers

High diesel prices are driving up the cost of everything, from groceries to Amazon orders and furniture

Investors Business Daily

OPEC+ Sticks To Script, While Crude Oil Prices Fall In June

Oil-producing nations met as world leaders focus on how to drum up supply amid inflation and recession fears.

The Independent UK

India, China growing markets for shunned Russian oil

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow as the U.S. and other Western countries cut their energy imports from Russia in line with sanctions over its war on Ukraine

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