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US Pressure on India Could Propel Russia's Shadow Oil Exports

Oct 20, 2025

Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market.The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm.India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022…

Iran Opens Gulf of Oman Oil Terminal to Avoid Hormuz Strait

Jul 22, 2021

Iran has opened its first oil terminal in the Gulf of Oman, Iranian President Hassan Rouhani said on Thursday, to allow Tehran to avoid using the Strait of Hormuz shipping route that has been a focus of regional tension for decades.'This is a strategic move and an important step for Iran…

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Velesto Agrees $63M Jack-Up Drilling Rig Sale with Indonesian Firm

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Petronas Enlists MISC for FPU Job at Gas Field Offshore Brunei

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