No agreement has been reached regarding the purchase of crude oil from Russia, Musadik Malik said during his informal media talk. He said the deregulation of the fuel prices would benefit the masses and added that the final decision about deregulating the fuel prices would be taken by PM Shehabz Sharif. Media reports suggested that […]
India, the world’s third-largest oil importer and consumer, has become the top buyer of discounted Russian sea-borne oil shunned by Western countries since Ukraine’s invasion began in early 2022. Before that, India bought little oil from its long-running defense partner, Russia. New Delhi has repeatedly defended its purchases from Russia as necessary to keep prices […]
“The administration plans to push forward … to put Ukraine in the strongest position possible,” a senior administration official said on condition of anonymity before its term ends in January. Trump has been critical of Biden’s assistance for Ukraine, fueling concern about the future of support for President Volodomyr Zelenskiy’s government under a Republican-controlled White […]
“Unfortunately, the attack by Russian drones caused damage and casualties in various districts of Kyiv,” President Volodymyr Zelensky said. He said that the “constant terrorist attacks on Ukrainian cities prove that the pressure on Russia and its accomplices is not enough”. AFP reporters heard new explosions in Kyiv on Saturday afternoon amid an air raid […]
Ukraine has stepped up attacks inside Russian territory in recent months, targeting military sites and energy facilities, aiming to upend Russian military logistics. Kyiv’s military intelligence agency said it had destroyed the Tu-134 transport aircraft overnight between Saturday and Sunday at a military airfield in the Orenburg region, which lies around 1,000 kilometres (620 miles) […]
Russian forces, which control about a fifth of Ukraine since invading in February 2022, are advancing in eastern Ukraine in an attempt to take the whole of the Donbas, which is about half the size of the U.S. state of Ohio. Russia’s defense ministry said its forces had taken the town of Novohrodivka, which lies […]
Russian fuel oil and VGO seaborne exports last month rose 7% from June to about 4.05 million metric tons, helped by the completion of seasonal maintenance on Russian refineries. Russia’s offline primary oil refining capacity for July at 2.5 million tons was below June’s level by some 44%, according to calculations from industry sources. Since […]
The lightning incursion, the biggest into Russia by a foreign power since World War Two, unfurled on Aug. 6 when thousands of Ukrainian troops crossed Russia’s western border in a major embarrassment for Putin’s military. Ukraine said the incursion was needed to force Russia, which sent its forces into Ukraine in 2022, to start “fair” […]
Ukraine blindsided Moscow by pouring thousands of troops into the western Russian region of Kursk last week. The surprise operation has given Ukraine its biggest battlefield gains since 2022 after months on the back foot. Kyiv’s account jarred with the picture painted by Russia where Major General Apti Alaudinov said Ukraine’s troops had been halted. […]
A stronger greenback makes dollar-denominated commodities less attractive for holders of other currencies. However, both benchmark crude contracts gained about 3% last week on signs of stronger oil product demand in the U.S., the world’s largest consumer, and OPEC+ cuts kept supply in check. U.S. crude inventories fell while gasoline demand rose for the seventh […]