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Trump Says He is ‘Very Disappointed’ with Putin over Ukraine

(Reuters) – U.S. President Donald Trump said on Tuesday he was “very disappointed” in Russian President Vladimir Putin and added without elaborating that his administration was planning to take some actions to bring down deaths in Russia’s war in Ukraine. The Republican leader also said he was not concerned about warm ties between Russia and …

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Ranked: The World’s Top 25 Countries by Oil Consumption

By Dorothy Neufeld | Graphics/Design by Sabrina Lam Original: www.visualcapitalist.com/the-worlds-top-25-countries-by-oil-consumption/ Key Takeaways In 2024, U.S. oil consumption stood at 19 million barrels per day, a change of -0.1% from the previous year. China follows next, with 16.4 million barrels per day, changing -1.2% over the year. Over the past decade, India’s oil consumption has grown …

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Asia Crude Oil Imports Surge in August, But is it Demand or Prices?

(Reuters) – Asia’s imports of crude oil rebounded in August as heavyweight buyers China and India bought more crude from top exporters in the Middle East. The world’s top importing region saw arrivals of 27.18 million barrels per day (bpd) in August, up from 24.91 million bpd in July and also above the 26.39 million …

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West Hits ‘Peak Sanctions’ on Russia’s Energy Sector

Summary Number of Western sanctions surges following Russia’s invasion of Ukraine Russian crude has traded above G7 price cap for most of the time China imports LNG from sanctioned Russian plant for first time in August (Reuters) – The complex web of Western sanctions targeting Russia’s oil and gas industry has failed to impede Moscow’s …

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After Talks With Xi and Modi, Putin Says NATO Enlargement has to be Addressed for Ukraine Peace

Russian President Vladimir Putin, after talking with China’s Xi Jinping and India’s Narendra Modi, said on Monday the issue of NATO’s eastward enlargement would have to be addressed for there to be sustainable peace in Ukraine. Putin ordered tens of thousands of troops to invade Ukraine in February 2022 after eight years of fighting in …

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Indian Oil Minister Denies Country is Profiteering From Russian Imports

India is not “profiteering” from Russian oil imports and its purchases have stabilised markets while keeping prices from rising to as much as $200 a barrel, Hardeep Singh Puri, country’s oil minister, said in the Hindu newspaper on Monday. The U.S. has targeted India for its Russian oil purchases, with President Donald Trump imposing tariffs …

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Putin Lambasts Trade Sanctions on Eve of Visit to China

On the eve of a visit to China, Russian leader Vladimir Putin blasted Western sanctions as his country’s economy teetered on the brink of recession, wounded by trade curbs and the cost of his war in Ukraine. Russia and China jointly opposed “discriminatory” sanctions in global trade, Putin said in a written interview with China’s …

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Energy Exec Tasked With Speeding Up Project Approvals in Canada

(Reuters) – Canada named senior energy industry executive Dawn Farrell on Friday to lead a new office designed to fast-track the review and approval of natural resources projects such as mines and pipelines, a process that can take a decade. Prime Minister Mark Carney announced the major projects office earlier this year, saying streamlining will …

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China Receives First Arctic LNG 2 Cargo Ahead of Putin’s Visit, Data Shows

Summary China receives first LNG cargo from sanctioned Russian project Putin to meet Xi at Shanghai Cooperation Organisation summit Potential signal for other buyers if no US reaction, analyst says SINGAPORE, Aug 29 (Reuters) – China received this week its first liquefied natural gas cargo from a sanctioned Russian project, ship-tracking data from Kpler and …

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China Seeks More Russian Gas via Old Link as New Pipeline Stalled

Summary Gazprom may ship extra 6 bcm per year to China via existing link Power of Siberia 2 pipeline talks stalled, sources say Putin-Xi meeting to focus on energy cooperation Russia seeks to send gas to China after losing EU markets (Reuters) – China is seeking to buy more Russian gas through an existing pipeline …

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