India is strategically diversifying its crude oil imports, with purchases from Angola playing a key role in reducing reliance on Russian oil amidst international pressure. This deal highlights Angola, a significant African oil exporter, as a vital supplier offering high-quality crude, particularly the Hungo and Clove grades, favored by Asian refiners. The shift follows stricter sanctions on Russian oil, causing India’s imports of Russian crude to plummet while increasing supplies from OPEC members. This move aligns with India’s efforts to strengthen trade relationships with the United States and the EU.
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On Thursday, the French Navy, supported by allies, intercepted a Russian oil tanker in the Mediterranean Sea suspected of violating international sanctions and operating under a false flag. The vessel was boarded and searched on the high seas, with documents confirming suspicions of irregularity. President Emmanuel Macron stated the ship was diverted and would be escorted for further verification, emphasizing the commitment to enforcing sanctions and upholding international law. This action targets Russia’s “shadow fleet,” which is believed to be financing the war against Ukraine.
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Sweden urges EU ban on support to Russian oil, gas-shipping fleet, and frankly, it seems like a no-brainer. Seriously, you’d think this would have been done yesterday, not something we’re still discussing. The core idea is simple: stop providing any form of assistance to these vessels. This means no repairs, no parts, no bunkering – essentially, cutting off the lifeblood that keeps these ships afloat and, by extension, funds the war.
The proposed ban is a necessary step, a bare minimum even. It’s a way to ensure that the EU isn’t inadvertently propping up the Russian war machine. It’s about not sending mixed signals, where we support Ukraine with one hand while, with the other, we continue to indirectly fund Russia’s actions by facilitating its oil and gas transport.… Continue reading
India’s top refiner quietly returns to Russian oil with shadowed supply route despite US sanctions. It’s almost comical, isn’t it? The narrative is that India’s top refiner is supposedly “quietly” slipping back into the arms of Russian oil, all while the US is throwing around sanctions. The reality? Not so subtle. We’re talking about supertankers, massive vessels that can’t exactly sneak around undetected. The “quietly” part feels more like a carefully chosen word to create the illusion of some clandestine operation, when in reality, it’s just business as usual, or at least, a return to it. It’s like a wink and a nod, with everyone pretending to be surprised.… Continue reading
It seems we have another incident to add to the growing list of “interesting developments” at sea, involving vessels with links to Russia. This time, it’s an oil tanker carrying diesel that has suffered four external explosions near Dakar, Senegal. The ship’s manager, Besiktas Shipping, confirmed the event, stating that seawater entered the engine room of the “Mersin,” but thankfully, the crew is safe, and there’s been no reported pollution. This is particularly noteworthy because it marks the third such incident in just a few days, all involving ships that have been involved in the movement of Russian petroleum.
The previous incidents, occurring late last week, took place in the Black Sea and involved empty tankers.… Continue reading
A recent report by the Centre for Research on Energy and Clean Air (CREA) revealed that India imported 5.4 million tonnes of Russian oil worth €2.1 billion between January and September 2025 using 30 vessels sailing under false flags. This comprised the largest single national destination for crude transported by Russia’s “shadow fleet,” which is comprised of aged tankers operating in legal grey areas. The report indicated a concerning rise in the number of Russian vessels utilizing false flags, with 113 such vessels transporting 13% of all Russian crude oil during the first nine months of the year. CREA emphasized the need for global reforms, urging the EU and UK to address the environmental and security threats posed by these practices and to disrupt the logistics that support Russia’s war effort.
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US sanctions targeting Chinese oil infrastructure and Russian energy firms have significantly reduced flows of Russian and Iranian oil into China, the world’s top oil importer, with Chinese seaborne imports of Russian crude potentially dropping by two-thirds. This shift follows sanctions on major Russian oil producers and a key Chinese port, impacting Iranian shipments as well. While state-owned Chinese refiners have paused purchases, smaller private refineries are also showing caution, influenced by EU and UK blacklistings, resulting in a glut of unsold oil and lower prices. Despite the slowdown, some ports and traders are circumventing restrictions through practices like ship-to-ship transfers, suggesting that the impact may be temporary.
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The discount on Russian Urals crude versus Brent surged to $19.40 per barrel on November 10th, the highest in a year, according to Kommersant citing industry sources. This increase followed new US sanctions targeting Russian energy companies Lukoil and Rosneft. Previously, discounts had reached a peak of $31.90 per barrel in the second quarter of 2022. Key buyers like India and China are reportedly reducing Russian crude imports, and declines in exports have been the steepest since January 2024.
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Following a meeting between Hungarian and US officials, a dispute has emerged regarding the scope of a sanctions waiver on Russian oil and gas imports. While Hungarian officials claimed an indefinite exemption, a White House official clarified that the waiver is only valid for one year. The US official also stated the agreement includes requirements for Hungary to diversify its energy sources, including the purchase of US liquefied natural gas. This disagreement arises amidst Hungary’s continued reliance on Russian energy imports, drawing criticism from its allies.
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President Volodymyr Zelenskyy stated that the cessation of Russian oil exports to Hungary is inevitable, despite existing contracts and dependencies. He emphasized that Ukraine will find a solution to prevent Russian oil from reaching Europe, even if it takes time. Zelenskyy also asserted that Hungarian Prime Minister Viktor Orban’s efforts to obstruct Ukraine’s EU accession will be unsuccessful, as the Russians have failed in this endeavor. Furthermore, the president criticized Orban’s focus on personal gain and hatred towards Ukraine, rather than fostering friendship.
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John Q. Hosedrinker 
Matt Underwood