Russia oil sanctions create different winners at different times
The crude oil market is adapting quickly to the new sanctions against Russia's shadow fleet of tankers, albeit by creating both short- and medium-term winners and losers.
Russian Oil Sanctions Mean Mideast Crude Is Strongest in Years
The rush to buy replacement cargoes for sanctioned Russian oil has pushed Middle Eastern crude prices to an unusual premium to the global benchmark.
Rescue teams empty 1,500 tons of oil from Russian tanker
Russian officials say rescue workers have successfully removed almost 1,500 tons of oil stranded onboard a tanker that ran aground in December, sparking a devastating oil spill that has damaged miles
Russia's Feb oil exports from western ports seen down 8% m/m as sanctions bite
Russia's crude oil exports from its western ports in February are set to fall by 8% versus January's plan as Moscow increases refining, two traders said and Reuters calculations showed, after the latest U.
Soaring Tanker Costs Stall Russian Oil Trade in Asia After US Sanctions
New U.S. sanctions on Russian oil exports have caused tanker rates to surge and trade to freeze as shippers scramble for non-sanctioned vessels.
Sanctioned Ship Unloads Russian Oil in China After Long Journey
A tanker sanctioned by the US this month has discharged Russian oil in China after an unusually long journey in which it changed its destination from Shandong province, a hub for independent refiners.
Russian oil tanker finds refuge in China amid U.S. sanctions
After a long search for a port to receive Russian oil, a ship subject to American sanctions was finally accepted in China. Current events illustrate how supply chains are being modified in response to U.
Sanctions Hit Russia’s Oil Exports to China, India Amid Rising Freight Costs
Russia’s oil trade with China and India has stalled as Western sanctions increase shipping costs, making transportation more expensive and complex. Higher freight charges and restrictions on tanker insurance have disrupted supply chains,
Traders offer March-delivery Russian oil to India at narrower discounts, sources say
Traders have resumed offers of Russian crude cargoes to Indian refiners at narrower discounts after a delay triggered by ...
Crude Oil Prices1d
Russia’s Oil Production Slipped 2.8%, Gas Output Rose 7.6% in 2024
Russia pumped 2.8% lower volumes of crude oil and condensate in 2024 from a year earlier, while its natural gas production ...
As Russian oil spill fouls beaches, locals fume over official response
Volunteers flooded the beaches to help with cleanup eventually prompting the federal government to step to help clean up ...
Russia's oil output down 2.8%, gas production up 7.6% in 2024, deputy PM says
Russia's oil and gas condensate production reached 516 million metric tons, or 10.32 million barrels per day, in 2024, Deputy ...
Trump leans in on targeting Russian oil revenue as he tries to fulfill pledge to end Ukraine war
President Donald Trump is emphasizing that targeting Russia’s oil revenue is the best way to get Moscow to end its nearly ...
Waves of Ukrainian drones target Russian power and oil facilities, Kyiv says
Ukraine hits second major Russian oil refinery in a week after Zelensky hails Kyiv’s growing long-range drone capabilities as ...
Goldman Says Cheap Oil, High Freight Keeps Russian Crude Flowing
Sweeping US sanctions on Russia’s oil industry are unlikely to result in a “large hit” to production, as higher freight rates ...
Russian Strike on Odesa's Historic Center Damages Opera House, Famous Hotel
Ukrainian President Volodymyr Zelensky said Odesa's grand opera house and the five-star Hotel Bristol, a landmark constructed ...