Europe
Indian refiners avoid Russian oil in push for U.S. trade deal
The U.S. and India moved closer to a trade pact on Friday, announcing a framework for a deal they hope to conclude by March that would lower tariffs and deepen economic cooperation.
UAE and Germany deepen energy ties as German Chancellor visits ADNOC HQ
The visit builds on the €14.7-B investment to support Covestro’s long-term growth as a German industrial champion by XRG, ADNOC’s international energy investment company, and underscores ADNOC’s central role in advancing the UAE-Germany strategic energy partnership.
EU proposes service ban for Russian oil exports in new sanctions package
Russia exports over a third of its oil in Western tankers - mostly to India and China - with the use of Western shipping services.
India's Russian oil imports down in January amid trade talks with U.S.
On Monday, U.S. President Donald Trump announced a trade deal with India to cut tariffs to 18% from 50% in exchange for New Delhi halting Russian oil purchases and lowering trade barriers.
Russia's diesel exports jump 19% in January m/m
Exports however were 4.6% below the level of January 2025 as maintenance, drone attacks and other factors affected output.
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