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U.S. diesel crack spreads have broken above $100 for the first time, reaching a record high of $102.2, while inventories have fallen to their lowest level since 1996.
The spread between NYMEX near-month US diesel futures and WTI crude oil futures hit a record high of $102.2 per barrel this Monday, marking new records in five of the past six trading days. Meanwhile,
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Russia fires top economist Andrei Klepach after he warned its economy cannot win prolonged Ukraine war
Russia dismissed Andrei Klepach, former chief economist of state-controlled development bank VEB and a former deputy economy minister, on Sunday. His dismissal followed a report he presented warning t
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Russia warns UK that its supply of drones to Ukraine for attacks on targets within Russia is a "deliberate escalation" and will face consequences.
The Russian Embassy in the UK stated that Britain's actions made it "an accomplice and co-perpetrator of bloody crimes and terrorist attacks," adding that London's actions would "inevitably lead to co
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Russia's Lavrov says Russia and DPRK are fighting to establish new and righteous world order, according to KCNA.
Russia's Lavrov says Russia and DPRK are fighting to establish new and righteous world order, according to KCNA.
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Russian firm KM Logistics reportedly asks Kremlin to place five Nestlé subsidiaries under temporary state management
According to Russian business daily Kommersant, KM Logistics made the request due to Nestlé not expanding its production capacity in Russia and not exporting products made in the country. A Nestlé spo
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Binance provided user data to Russia, leading to a Ukrainian donor's arrest on terrorism financing charges
According to a Reuters report on Monday, Binance supplied Russian authorities with customer records. These records were subsequently used to charge Russian IT specialist Yuri Belenkiy with financing t
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Russian strikes kill Ukrainian woman, NATO jet downs drone over Romania, and Ukraine launches drone attack on Moscow
Russian missile and drone attacks on Ukraine killed one woman and wounded seven others in Kryvyi Rig and Kyiv. Separately, a Spanish F-18 fighter jet on a NATO air policing mission shot down a drone t
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Russia, the world's second-largest Bitcoin mining power, has enacted a year-round ban on crypto mining in Moscow and surrounding regions until 2032 to mitigate power capacity shortages.
The measure, established under government decree No. 936, also prohibits participation in crypto mining pools. The Russian Energy Ministry stated the restriction is necessary to reduce the risk of pow
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Ukraine's Patriot missile systems are running empty, leaving Kyiv vulnerable to Russia's winter campaign
Ukraine's Patriot missile systems are running empty, leaving Kyiv vulnerable to Russia's winter campaign
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Binance to restrict transactions involving HTX and 10 other crypto platforms, with HTX recently added to EU's Russia sanctions list
Binance to restrict transactions involving HTX and 10 other crypto platforms, with HTX recently added to EU's Russia sanctions list
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NATO aircraft shot down a drone over eastern Latvia, which blamed 'Russian electromagnetic warfare'; Finland briefly restricted airspace as a precaution
Latvia's armed forces stated the foreign unmanned aerial vehicle flew into its territory as a result of "Russian electromagnetic warfare." Following the incident, Finland temporarily restricted airspa
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Russia's largest Baltic port, Ust-Luga, caught fire after a drone attack.
Russia's largest Baltic Sea port, Ust-Luga, caught fire after a drone attack during the night. The port is a key gateway for Russian energy and commodity exports, and the attack comes as Ukraine inten
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Oil Slick from Tanker Carrying Sanctioned Russian Crude Reaches Oman's Coastline
An oil slick from the tanker Caroline Bezengi has reached Oman's coastline, weeks after the vessel ran aground near a marine reserve. The tanker was carrying an estimated 800,000 barrels of sanctioned
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Russian President Putin visited the southern Kuril Islands, as Japanese Prime Minister Takaichi shifts diplomatic focus toward energy needs
Russian President Vladimir Putin visited the southern Kuril Islands on Thursday for the first time, capitalizing on an unstable moment in relations with Japan. This comes as Japanese Prime Minister Sa
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Russian Diesel Exports Hit Multiyear Low in Early August Amid Refinery Attacks and Export Restrictions
Russian diesel and gasoil exports fell to just 80,000 barrels a day in the first seven days of August, marking a fresh multiyear low. This figure is significantly down from over a million barrels a da
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Russia's attack on Ukraine's Izmail port sparked a fire, and Zelenskyy called on the US to provide more Patriot interceptor missiles.
Ukrainian authorities stated that Russian forces attacked the port infrastructure of Izmail in Ukraine's southern Odesa region early Thursday, causing damage and sparking fires. Izmail port is Ukraine
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Russian "Ghost Fleet" Tankers Use "Mad Max"-Style Fishing Nets to Defend Against Ukrainian Drones
Russia's sanctioned "ghost fleet" of oil tankers is reportedly using "Mad Max"-style fishing nets as a defensive measure to protect vessels from Ukraine's mass maritime drone operations.
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Russia's economy is facing pressure from a widening deficit and Ukrainian strikes, despite increased oil revenues from the Iran war, according to Al Jazeera analysis.
The analysis indicates that Russia's economic growth is forecast to slow to its weakest pace since 2022, with the budget deficit expanding and Ukrainian strikes reaching deeper into the economy. This
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Ukraine's Deputy Infrastructure Minister tells Reuters Odesa Port saw only 159 vessels for loading in July, down from nearly 400 last year, amid intensified Russian attacks.
Ukraine's Deputy Infrastructure Minister tells Reuters Odesa Port saw only 159 vessels for loading in July, down from nearly 400 last year, amid intensified Russian attacks.
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Russian Defence Ministry: Russian forces struck a vessel in Odesa Port, according to IFX.
Russian Defence Ministry: Russian forces struck a vessel in Odesa Port, according to IFX.
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Wheat futures surged 2.4% after Ukrainian drones reportedly struck two grain terminals at Russia’s Novorossiysk port, raising concerns over disruptions to Russian wheat shipments.
The terminals handle roughly 15 million metric tons of grain exports annually. Analysts warn Russia could struggle to maintain normal export volumes, while corn rose 0.6% and soybeans gained 0.3%.
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Russian Foreign Ministry, cited by TASS, accuses Ukraine of stirring chaos in food markets to serve Western interests.
Russian Foreign Ministry, cited by TASS, accuses Ukraine of stirring chaos in food markets to serve Western interests.
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US Senator JD Vance asked Ukraine to halt strikes on tankers using Russia's Novorossiysk port, as Washington is alarmed by Kyiv's campaign on vessels collecting Kazakh oil.
US Senator JD Vance asked Ukraine to halt strikes on tankers using Russia's Novorossiysk port, as Washington is alarmed by Kyiv's campaign on vessels collecting Kazakh oil.
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Russia releases former US Marine Robert Gilman from detention for humanitarian reasons, who was reportedly in poor health
Robert Gilman was jailed in 2022 for kicking a police officer while drunk. Massachusetts Senator Ed Markey stated that Gilman had been "essentially catatonic" and battling a "severe case of pneumonia"
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Ukrainian Attacks on Russian Refineries Impact Trump's Announced Russia-Ukraine "Energy Ceasefire" Deal
US President Donald Trump announced on Monday, September 14, ET, that Russia and Ukraine had agreed to cease mutual attacks on energy targets. However, Ukrainian President Volodymyr Zelenskyy later co
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Kremlin: World energy prices will go down if sanctions are lifted
Kremlin: World energy prices will go down if sanctions are lifted
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Denmark has summoned the Russian ambassador after accusing a Russian warship of firing flares at a Danish military helicopter in the Baltic Sea.
The Danish government accused a Russian warship of firing two flares, one of which flew in close proximity, at a Danish military helicopter tracking the vessel in international waters in the Baltic Se
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Ukraine's national postal service, Ukrposhta, continues to provide critical services despite Russian shelling, with over 50 employees killed and hundreds of facilities attacked since 2022.
Ihor Smilianskyi, head of Ukrposhta, stated that the service, which delivers pensions, medicines, and letters to people near the front lines, has become a lifeline for millions of impoverished and eld
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NATO jets shoot down drone that entered Lithuanian airspace
Lithuanian President Gitanas Nausėda confirmed that NATO fighter jets destroyed a drone that entered the country's airspace overnight. Authorities stated the drone likely originated from neighboring B
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Nikkei: Japan has not taken specific countermeasures due to LNG demand a month after Putin's visit to the disputed islands.
Nikkei Asia reported that a month has passed since Russian President Putin visited the disputed islands in the Northwest Pacific. Although Japanese Prime Minister Sanae Takaichi expressed opposition,
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EU member states agree to boost Arctic investment in response to Russian threats and geopolitical competition
Twelve EU member states unanimously agreed at a meeting on Monday that the Arctic has become a "geopolitical hotspot," calling for the EU to play a more strategic and proactive role in the region. Fin
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France is making an "astonishing" push to lift EU sanctions on Russian oligarchs
France is making an "astonishing" push to lift EU sanctions on Russian oligarchs
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Donald Trump stated that Ukraine and Russia have agreed to stop striking each other's energy targets.
Donald Trump posted on social media on Monday that Ukraine had agreed not to strike Russian energy targets, and Russia had agreed to do the same. He also stated that the rise in global diesel prices w
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Al Jazeera: Russia and Ukraine Race to Develop AI Warfare, Attacks to Become Fully Autonomous
According to Al Jazeera, Russia and Ukraine are racing to develop AI warfare technologies, aiming for fully autonomous attacks. The report states that Russia first used autonomous attack drones powere
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Niger mutiny exposes growing reliance on Russia and tests Sahelian allies' unity
The failed mutiny on August 29, which involved soldiers attacking an airbase, the presidential palace, and the national broadcaster, revealed President Abdourahamane Tiani's increased dependence on Ru
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Ukrainian drone evades Russian helicopter fire to strike oil tanker
Ukraine has released footage showing a drone evading fire from a Russian helicopter before striking a sanctioned oil tanker in the Black Sea. This is part of a wider campaign targeting vessels Ukraine
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Russia struck train near Ukraine-Poland border shortly after Boris Johnson and top European officials passed through
The Russian strike hit the train's engine, with no casualties reported. Former UK Prime Minister Boris Johnson, who was on the train with senior European security advisers, questioned Russia's motive,
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Kremlin says Russia-Ukraine-US talks possible in October
Kremlin spokesman Dmitry Peskov said that trilateral talks between Russia, Ukraine, and the United States could take place in October. This follows visits by U.S. negotiators to Kyiv and Moscow to pus
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Trump on Ukraine: Zelenskiy must stop striking Russia's diesel fuel facilities
Trump on Ukraine: Zelenskiy must stop striking Russia's diesel fuel facilities
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Ukraine Says Passenger Train Headed to Warsaw Is Hit by Drone
Ukraine's foreign minister stated that a passenger train traveling from Kyiv to Warsaw was hit by a Russian drone just kilometers from the Polish border on Sunday morning. This incident occurred as Ru
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UN officials warn Ukraine faces "most difficult winter" since full-scale Russian invasion.
Alexander De Croo, head of the United Nations Development Programme, told the BBC that Russia's "systematic" targeting of Ukraine's energy infrastructure could lead to a "humanitarian catastrophe" if
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Iranian and Russian presidents criticized Western sanctions at the BRICS Business Forum, calling for deeper trade ties and expanded local currency settlements.
Iranian President Masoud Pezeshkian and Russian President Vladimir Putin on Friday criticized Western sanctions against their economies at the BRICS Business Forum and urged Global South nations to de
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Russian strikes on Kyiv fuel stations kill two, marking second day of attacks
Russian drone attacks on two fuel stations in Kyiv on Friday killed two people and injured others, according to Mayor Vitali Klitschko. This marks the second consecutive day of strikes on fuel station
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Ukraine Says It Hit Major Oil Refinery in Russia’s Volga Region
Ukraine said it hit Rosneft PJSC’s major oil refinery in the Volga region as Kyiv intensified its campaign against Russian energy infrastructure. Ukraine’s General Staff stated in a Telegram message t
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European Commission President Ursula von der Leyen admits Europe is not responding quickly enough to Russian threats, calls for faster action
European Commission President Ursula von der Leyen admits Europe is not responding quickly enough to Russian threats, calls for faster action
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IEA Says Ukraine Strikes Degrade Russian Oil-Refining Industry, With Sanctions Preventing Recovery from Drone Attacks
The International Energy Agency (IEA) stated that Russia’s oil-processing capacity is being degraded, as sanctions prevent the refining industry from recovering from more intense and precise Ukrainian
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Anthropic claims its Claude AI was used in Yemen for missile guidance software, by Russia-linked groups for espionage, and by China for cyber operations
In a new report, Anthropic alleges it intervened in northern Yemen to block the use of Claude for missile guidance software, including for a guided rocket and a long-range ballistic missile. The compa
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EU Commission Resumes Work on Legally Tapping Russian Bank Funds for Ukraine
The European Commission is seeking legally sound ways to access Moscow's frozen bank funds as Kyiv's spending crunch deepens.
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