Shale oil producers added a single drill rig this week after 14 consecutive weeks of declines, staving off at least for now a pandemic-level downturn in US activity https://t.co/5kmubOI499 ...

Geopolitical Risks - US sanctions on India for Russian oil purchases will heighten economic vulnerabilities for India [1] - The situation will challenge India's historical relationship with Russia [1]

Donald Trump has decided that because India’s “massive” oil purchases fund “the Russian War Machine”, it will suffer a further 25% tariff on top of the 25% the president slapped on the country last week, bringing the total tariff rate to 50% https://t.co/siWAkfaokT ...

President Donald Trump has doubled the tariff on India to 50% for buying Russian oil.But China, the biggest buyer of Russian energy, has not faced such punitive secondary tariffs. @allenwan290 explains what leverage China may have over India. https://t.co/h9PJW4omFY https://t.co/FLHBh52WXK ...

Geopolitical Implications - US sanctions on India for Russian oil purchases will escalate economic vulnerabilities for India [1] - The situation will challenge India's established relationship with Russia [1]

India responded with outrage after Trump doubled tariffs on the country to 50% as a penalty for its purchases of Russian oil: Here is your Evening Briefing. https://t.co/QbgyrNKr8j ...

Trump’s additional 25% tariff on India for its purchases of Russian oil could be just the first shot he aims at Moscow’s energy revenues ahead of a Friday deadline, as the US weighs options to get Putin to end the war against Ukraine https://t.co/3elc6b7F1M ...

Financial Performance - Russia's oil proceeds in the state budget decreased by a third (approximately 33%) year-over-year in July [1] Market Dynamics - The decline is attributed to a drop in global crude prices and the appreciation of the Russian currency [1]

BP said it would launch a new cost review and evaluate its portfolio, as the oil major presses ahead with a plan to address investor concerns https://t.co/4C77VublZ3 ...

Putin doesn't appear to believe the US will follow through on threats to raise tariffs on Russian oil buyers. The White House should call his bluff (via @opinion) https://t.co/tKWBtHOkEQ ...