Russian Oil Exports Rebound

19 Oct 2023 CW Team

Russian oil exports are rebounding after a period of compliance with an agreement with Saudi Arabia to limit production. In the week ending October 15, Russia's seaborne crude exports increased, pushing the four-week average to its highest level in over three months. About 3.51 million barrels of crude were shipped from Russian ports during that week, with a rise of approximately 285,000 barrels per day compared to the previous week.

This increase was mainly due to a surge in Black Sea exports, reaching a six-week high, and a recovery in shipments from the Arctic port of Murmansk following a slump in the previous week. Russia has maintained export restrictions, and while there has been a slight increase in exports relative to those restrictions, compliance has been reasonably strong when compared to past performance against OPEC+ targets.

These rising export volumes have boosted Russia's weekly oil export duty revenues, setting a new high for the period since mid-January. However, there are concerns about the effectiveness of the price cap imposed on Russian exports by the Group of Seven nations and the European Union. In response, the US Treasury has imposed sanctions on tankers accused of carrying cargoes sold at prices above the $60-a-barrel ceiling, marking the first attempt to enforce the cap since its inception.

Russia's oil refineries are also increasing daily processing rates this month, though ongoing maintenance and temporary diesel export restrictions have kept rates slightly below the average for most of September.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..