Petroleum
US President Donald Trump has revealed that his decision to impose higher tariffs on India for buying oil from Russia played a crucial role in Moscow's decision to seek talks with Washington. Trump claimed that India's decision was made after he warned India about the tariffs,
Exports
Nigeria's upstream petroleum sector is set for a major leap forward in transparency, security, and operational efficiency with the introduction of a real-time cargo tracking system for oil exports. The system, part of the Advanced Cargo Declaration System, will provide end-to-end visibility of crude oil shipments from terminal
Petroleum
President Trump's August 6, 2025, Executive Order imposes a 25 percent tariff on Indian imports, effective August 27, in a bid to curb India's oil purchases from Russia. This move is reportedly aimed at pressuring President Putin to negotiate a peace arrangement over the war in
Exports
Singapore's non-oil domestic exports (NODX) grew by 7.1 per cent in the second quarter of 2025, extending the 3.3 per cent growth seen in the previous quarter. This surge in exports was driven by electronics shipments, which expanded by 10.5 per cent, with key contributions
Exports
Iraq and Syria have reached an agreement to study the possibility of reactivating the Banias pipeline to export Iraqi oil through Syrian territory. The agreement was announced during talks between Hayan Abdul-Ghani Al-Sawad, Iraqi Deputy Prime Minister for Energy Affairs and Minister of Oil, and Mohammed Bashir, Syrian Minister of
Petroleum
US Vice President JD Vance confirmed that President Donald Trump is considering imposing tariffs on China as a "penalty" for its import of Russian oil, despite the complexities of their relationship with China. The decision comes after the US slapped a 25 per cent tariff on India for
Exports
The Nigerian Export Promotion Council (NEPC) has disclosed that non-oil products exported in the first half of 2025 were valued at US$3.225 billion, representing a 19.59% increase compared to the US$2.696 billion recorded in the first half of 2024. This growth is attributed to several
Exports
As U.S. President Donald Trump imposed new tariffs on Indian imports over energy cooperation with Moscow, Russian oil companies are redirecting shipments of Urals crude from India to China. According to Bloomberg, traders familiar with the matter have reported that barrels of Urals oil are being offered at a
Exports
Kazakhstan's national oil and gas company, KazMunayGas (KMG), has taken a significant step in deepening its energy partnership with Hungary's MOL Group by shipping its first batch of crude oil. The 85,000 tons of crude were transported by sea from the Russian port of Novorossiysk
Exports
Russia's crude oil and condensate exports have undergone significant changes in response to sanctions and shifting global markets. From 2020 to 2024, Russia's average crude oil and condensate exports remained relatively high, at 5.0 million barrels per day (b/d). However, the destination of these
European Union
As tensions rise over India's oil purchases from Russia, New Delhi must prioritize its national interest and maintain strategic autonomy while navigating complex relationships with the US and the EU. The US has imposed additional tariffs on Indian goods, and the EU has sanctioned one of India'
European Union
As India grapples with a 50% US tariff on its exports, citing Russian oil imports, analysts have pointed out that Washington's move is discriminatory and violates relevant United Nations rules. Major importers like China and the EU, despite higher volumes of Russian energy purchases, face no such penalties.
