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,
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 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
Sanctions tighten grip on Russian oil, pushing China and India away
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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.
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's Baltic oil shipments fall 10% after EU sanctions, Finland says
Russia's oil shipments via the Baltic Sea fell by roughly 10% in the last four months of 2024, the Finnish Border Guard said, as the impact of EU sanctions against Russian oil and gas exports adopted in June took effect.
China and India pause Russian oil imports amid new US sanctions
In China, there is a lack of interest in March deliveries of oil from Russia following the imposition of new American sanctions on the Russian "shadow fleet", which have led to increased tanker transport costs not covered by these sanctions,
Russian oil sales to China and India stall as sanctions increase costs, Reuters reports
Trade for March-loading Russian oil in China and India has stalled due to soaring shipping costs triggered by U.S. sanctions introduced on Jan. 10, Reuters reported on Jan. 28. The sanctions target nearly 200 vessels in Russia's "shadow fleet,
China and India halt Russian oil purchases amid US sanctions – Reuters
China and India have halted trade in Russian oil due to US sanctions, which have caused a sharp rise in tanker shipping costs, Reuters reports. According to traders and shipping companies, trade in Russian oil that was loaded in March has stopped in Asia,
Kyiv Independent on MSN7h
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, ...
Exclusive: Russian oil refining rises as US sanctions target crude exports - sources
Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian tankers and traders made exports of unprocessed crude more difficult, two ...
Russia's Advances in Ukraine Fall to Six-Month Low
Russian gains in Ukraine have been slowed by personnel shortages, suggesting Moscow may not be able to sustain the war.
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 ...
Crude Oil Prices2h
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 ...