Brent were down three cents to $66.40 a barrel , WTI were down six cents, or 0.1%, to $63.82 a barrel.

Russia and India stressed their commitment to a "strategic partnership" in bilateral security talks in Moscow

"Russia will attempt to exploit the rift between the U.S. and India by proposing the restoration of the Russia-India-China trilateral and new projects in defence,"

Brent fell 75 cents, or 1.1%, to settle at $66.89 a barrel, WTI dropped 81 cents, or 1.2%, to settle at $64.35.

Imports of goods from Russia in the first quarter of 2025 totaled 8.74 billion euros ($10.11 billion), down from 30.58 billion euros four years earlier. Since January 2022, the EU has imported 297 billion euros' worth of Russian goods.

Trump's threat to India over its purchases of Russian oil started on July 31, when he announced a 25% tariff for Indian goods, along with an unspecified penalty.

Calculations based on data from European gas transmission group Entsog showed that Russian gas exports via the TurkStream pipeline rose to 51.5 million cubic metres (mcm) per day in July from 37.6 mcm per day in June.

India’s evolving taxonomy should clearly define “resilient” activities, such as renewable-powered cold chains or flood-proof housing, to guide investors and policymakers.

The growing connection between LNG exports and electricity markets in the U.S. is happening because of two long-term trends.

While strengthening oversight over Russian gas imports, the Proposal’s transparency and traceability measures place a significant burden on importers and other stakeholders, while risking regulatory overreach – particularly if over-zealously implemented – thus potentially increasing costs and preventing legitimate gas imports from entering the EU.

Oil traders and shipping companies have been waiting for direction from New Delhi on whether supplies from Moscow will be allowed to continue after US President Donald Trump last week threatened punitive action to curb trade with Russia.

With rising power demand driven largely by the explosive growth in data center development and AI workloads, officials across the Energy Department, the White House and the Federal Energy Regulatory Commission made urgent calls for grid modernization, faster permitting and better cost allocation mechanisms.

Meanwhile, the US Department of the Interior (DOI) has announced the end of special treatment for “unreliable” energy sources such as wind.

The Tanzanian government had completed an environmental assessment in June and has green-lit the project to start.

According to the Russian Ministry of Energy, Russia’s state nuclear power corporation (Rosatom) and Niger’s Energy Ministry signed a Memorandum of Understanding (MoU) on Monday (July 28).