Russia’s Rosneft has agreed to supply 500,000 bpd of crude to Indian refiner Reliance in a $13 billion yearly deal, solidifying energy ties amid Russian sanctions. This 10-year agreement represents 0.5% of global supply and underscores the significant impact on both nations’ energy sectors.
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World Kinect (WKC) Q2 EPS Jumps 23%
World Kinect (NYSE:WKC) reported Q2 2025 results on July 31, revealing adjusted EPS of $0.59, surpassing the $0.48 forecast, while GAAP revenue of $9.04 billion fell short of the $9.32 billion expectation and declined 18% year-over-year. The quarter included $405 million in impairment and restructuring charges due to a strategic overhaul, particularly in the Land segment, despite strong performance in Aviation. Want More Context? 🔎
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