Russian oil exports hit by new sanctions, buyers retreat
In China, there are no buyers for March deliveries of oil from Russia after new American sanctions on Russia's "shadow fleet" led to increased tanker transport costs, which were not covered by these sanctions,
Russia Tests Sanctions with Oil Shipments to India
Despite the latest round of sanctions by the US Treasury, Russia has managed to keep its four-week rolling average oil shipments fairly steady over the seven-day period to January 26
Asia Grabs Europe’s Oil After Russia Sanctions Redraw Trading
Millions of barrels of oil that would normally be preserve of oil refineries in Europe are instead heading to Asia as US sanctions on Russia revive one of the market’s great arbitrage trades.
Russia Oil Trade to China, India Stalls as Sanctions Drive up Shipping Costs
In China, newly sanctioned tankers face delays offloading oil despite meeting waiver requirements. Three of them discharged Russian ESPO and Sokol crude during Jan. 15-17 while tanker Olia offloaded at Shandong's Yantai port on Sunday after carrying its ESPO cargo for nearly three weeks, according to LSEG data.
U.S. sanctions: Russia's Arctic oil feels the chill
Russia's vast Arctic oil business is facing major disruption from U.S. sanctions on its tankers and depots, stranding crude supplies previously snapped up by Asian buyers in storage, according to three sources familiar with its logistics.
Oil Tankers U-Turn and Buyers Go Elsewhere as Russia Sanctions Bite
On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 shipments since the invasion began. It also acted against Moscow-based ship insurers and two companies — Surgutneftgas and Gazpromneft — which in the first 10 months of last year accounted for almost 30% of Russia’s oil exports.
Russia defies US sanctions, sends sanctioned oil tankers to India
Russia has continued to send cargoes of crude oil to India on tankers that have been sanctioned by the US, Bloomberg reported on Tuesday. This situation presents a crucial test of Moscow’s ability to circumvent the stringent sanctions implemented by Washington earlier this month.
Sanctions tighten grip on Russian oil, pushing China and India away
As reported by Reuters, these sanctions have already had tangible effects. The main recipients of Russian oil, China and India, have suspended purchases from Russia because the de
Oil Declines as Trump Tariff Threats Overshadow Russia Sanctions
Oil fluctuated after President Donald Trump threatened tariffs on China and the European Union, while traders continued to assess the fallout from unprecedented US sanctions on Russia.
"You can't think of anything more stupid" — German MP on sanctions against Russia
The EU sanctions against Russia have become a shot in the foot, said the Bundestag deputy from the Sarah Wagenknecht Union ...
Kyiv Independent on MSN9h
Trump’s Russia sanctions might be what finally works
Just one week into his presidency, U.S. President Donald Trump has hinted at his approach to U.S. sanctions on Russia. First, ...
EU prolongs its Russia sanctions for 6 months after Hungary lifts its objections
The sanctions target trade, finance, energy, technology, industry, transport and luxury goods and include a ban on seaborne ...
Crude Oil Prices4h
Hungary Drops Opposition to EU Sanctions After Energy Assurances
The EU has renewed sanctions against Russia despite Hungary's initial objections, following assurances on energy-related ...
EU renews Russia sanctions after Hungarian delay
The European Union renewed on Monday its wide-ranging sanctions on Russia over the war in Ukraine, after Hungary stopped ...
Russia Can Expect 'Good Things' From Donald Trump, State TV Says
Kremlin propagandists have said Moscow could benefit from the new Donald Trump administration and added that the U.S.
Oil Economist Verleger Says Biden's Russia Sanctions Will Raise Oil Prices -- OPIS
Former President Joe Biden's eleventh-hour decision to impose tougher sanctions on Russian crude oil sales may make it difficult for President Trump to make good on his promise to reduce oil and ...