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The Business Standard

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June 25, 2025

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WEDNESDAY, JUNE 25, 2025

Russian oil

A Russian state flag flies on the top of a diesel plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. Picture taken March 10, 2019. REUTERS/Vasily Fedosenko/File Photo
Global Economy

Russian oil output to fall 1.4 mln bpd next year as EU ban takes effect - IEA

Industrial facilities of PCK Raffinerie oil refinery are pictured in Schwedt/Oder, Germany, May 9, 2022. The company receives crude oil from Russia via the 'Friendship' pipeline. REUTERS/Hannibal Hanschke/File Photo
Global Economy

Global recession a bigger risk to Russia’s oil revenue than price cap: Kemp

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel
Global Economy

UK bans transporting Russian oil above price cap

FILE PHOTO: An oil refinery located on a branch of the Northern Druzhba oil pipeline, which moves crude through the pipeline westwards to Poland Europe, is seen near Mozyr, some 300 km (186 miles) southeast of Minsk, in this file picture taken September 11, 2013. REUTERS/Vasily Fedosenko
Europe

Druzhba pipeline leak reduces Russian oil flows to Germany

FILE PHOTO: An oil tanker sails into New York Harbor as it arrives at the Port of New York and New Jersey following the Russian invasion of Ukraine, in Staten Island, New York City, U.S., March 10, 2022. REUTERS/Mike Segar
Global Economy

US Treasury seeks three-phased Russian fuel price cap

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel
South Asia

India set to skip buying Russia's ESPO crude in Sept as freight costs jump

The waters off Copenhagen are notable for more than the Little Mermaid.Photographer: Nick Potts - PA Images/PA Images/Bloomberg
Bloomberg Special

Don’t play Russian roulette with oil in the Baltic Sea

Model of Oil barrels are seen in front of rising stock graph in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration
Global Economy

The G7's price cap on Russian oil begins to take shape

A Russian state flag flies on the top of a diesel plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. Picture taken March 10, 2019. REUTERS/Vasily Fedosenko/File Photo
World+Biz

Russian oil cap will be "source of uncertainty": Moscow

A Russian state flag flies on the top of a diesel plant in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 10, 2019. Picture taken March 10, 2019. REUTERS/Vasily Fedosenko/File Photo
World+Biz

China foreign ministry urges dialogue on Russian oil price cap

A view shows the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel
Global Economy

G7 finance chiefs agree on Russian oil price cap but level not yet set

An interior view shows a new pumping station of the Caspian Pipeline Consortium (CPC) near the city of Atyrau, Kazakhstan October 12, 2017. REUTERS/Mariya Gordeyeva
Global Economy

Europe braces for more cuts in Russian oil and gas exports

Sketch: TBS
Thoughts

Putin tears a giant hole in a critical German balance sheet

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