Philippines receives first Russian oil shipment in five years Philstar.com PH fuel supply adequate until mid-May: DOE Philippine News Agency Gov’t allots P20B to buy 2 million barrels of diesel Inquirer.net Philippines eyeing Russian oil– Marcos ABS-CBN DOE’s Garin says PH has average 45 days of fuel supply, down by 10 days since war began Rappler Source link
U.S. Secretary of the Treasury Scott Bessent. File | Photo Credit: AP The U.S. Treasury Department is issuing a “ temporary 30-day waiver to allow Indian refiners to purchase Russian oil”, according to U.S. Treasury Secretary Scott Bessent. President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. … Read more
The European Union’s new round of sanctions against Russia is still up in the air after ambassadors failed to reach a deal during a meeting on Friday. The clock is ticking fast: the bloc has set 24 February, coinciding with the fourth anniversary of the full-scale invasion of Ukraine, as the deadline for approval. According … Read more
Georgia’s Black Sea port of Kulevi, a hub for Black Sea oil shipments, may soon face European Union sanctions over allegations that the Georgian government has used it to help Russia move crude needed to finance its war in Ukraine. The potential sanctions place Azerbaijan, whose state-controlled energy entity SOCAR owns an oil terminal in … Read more
Donald Trump’s administration continues to claim that India has committed to stop buying oil from Russia — in return for a tariff-cut and trade deal — with US Secretary of State Marco Rubio repeating the assertion at the Munich Security Conference in Germany on Saturday. India’s external affairs minister S Jaishankar (R) with US secretary … Read more
Amid US President Donald Trump’s claim that India has agreed to stop buying Russian oil, the Ministry of External Affairs on Thursday has stated that India will continue to keep its 1.4 billion population as a top priority, especially in the current international dynamics in the energy section. Following the announcement of the India-US trade … Read more
Indonesia has discreetly imported two cargoes of Russian oil in December and January, indicating a potential shift in market dynamics as international pressure mounts against Russian crude trades. The ship tracking data, revealed by Kpler and Vortexa, highlights a strategic move as demand from India dwindles, leading to lower prices for Russian oil, which … Read more
US Treasury Secretary Scott Bessent on Wednesday slammed Europe’s newly concluded trade agreement with India, saying the deal showed the European Union had prioritised commercial interests over its stated support for the Ukrainian people. Speaking to CNBC, Bessent said he was disappointed by Europe’s decision to move ahead with the agreement, which India and the … Read more
Just as India and the European Union (EU) finalised their Free Trade Agreement in a big move to counter Donald Trump’s tariff-driven trade policy, the US has doubled down on allegations that India’s oil trade with Russia finances the war in EU-backed Ukraine. US treasury secretary Scott Bessent has been critical of European and other … Read more
(Bloomberg) — Global loss of tropical and boreal forests surged to a record high last year as unprecedented temperatures fueled fires, releasing more than four times the emissions of all air travel in 2023. That’s according to the latest annual assessment by Global Forest Watch, a platform run by the nonprofit World Resources Institute, which drew … Read more