India’s Russian oil imports surge to 10-month high in May amid diversification push
Tuesday, 3 June 2025 India's Russian crude oil imports soared to a 10-month high in May, reaching 1.96 million bpd, driven by discounted prices. Russia became India's top supplier, accounting for over 38% of total imports. Despite potential headwinds like increased Russian refinery throughput, Russian crude is expected to maintain a significant share in India's oil import basket.
Despite sanctions and pledges to support Ukraine, the EU remains Russia’s biggest fossil fuel customer—spending over €209 billion since 2022. Russia has earned an estimated €885 billion from fossil fuel exports during the war. Donald Trump claimed Europe funds Russia more than it funds...
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Trump has declared he’s done waiting on Putin, setting a strict new deadline of “10 or 12 days” for Russia to take action—though he stopped short of specifying exact consequences. Frustrated by..
Tuesday, 3 June 2025
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