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's oil exports fell in 2024, but revenue rose $3.8 billion, IEA says
Russia's crude oil and oil products exports fell 350,000 barrels per day last year, though revenue from its exports rose 2% or $3.8 billion, the International Energy Agency said on Wednesday.
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.
US sanctions on Russia oil exports certain: Russian MP
US President Donald Trump will certainly impose sanctions on Russia, regardless of his relations with Moscow, a Russian lawmaker said on Thursday.
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 industry sources said and data showed.
U.S. Sanctions Could Hit 1.5 Million Bpd of Russian Oil Exports
Many of the vessels transporting Russia’s oil from the Arctic and Far East Pacific fields and production clusters to Asia have now been sanctioned.
Russia Oil Trade to China, India Stalls as Sanctions Drive up Shipping Costs
Trade for March-loading Russian oil in top buyer Asia has stalled as a wide price gap between buyers and sellers emerged in China after costs for chartering tankers unaffected by U.S. sanctions jumped,
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
China and India stop trading in Russian oil because of US sanctions, Reuters reports
China and India have stopped trading in Russian oil as US sanctions have caused a sharp rise in tariffs for tanker freight. Source: Reuters Details: According to traders and shipping companies, the trade in Russian oil that was loaded in March has stopped in Asia as a large price gap between buyers and sellers has emerged in China.
It’s ‘Too Close To Call’ When Predicting Total Trade, Export, Imports Records For 2024
Just weeks into the second term of President Trump, amid a flurry of tariff threats and free trade agreement reappraisals, ...
Why are US oil and gas companies hesitant to expand production in 2025?
Despite Trump's desire to increase drilling, US oil and gas companies are likely to prioritise shareholder returns and cut ...
Big Oil in no rush to 'drill baby drill' this year despite Trump agenda
Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating ...
Saudi Arabia plans to invest $600 billion in U.S. over next 4 years, crown prince says in call with Trump
Saudi Arabia​'s crown prince told President Trump in a call that the kingdom intends to invest $600 billion in the U.S. over ...
Coffee and Flowers in Focus Amid U.S.-Colombia Trade Tensions
Colombia is a relatively minor trading partner to the United States, but some industries are much more exposed than others.