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 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,
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.
Russia on brink of economic ruin as India and China stop buying Kremlin's oil
Russia has suffered a major economic setback, after China and India halted their purchases of Kremlin oil. Oil and gas revenues are vital sources of revenue, accounting for between a third and half of Russia 's federal budget over the last decade. In particular, these revenues play a key role in helping Putin to finance his war in Ukraine.
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.
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.
Buyers and ports in China and India steer clear of sanctioned tankers, stalling Russia’s oil trade
The latest U.S. sanctions on Russia’s oil and gas sector have raised the cost of chartering tankers not under restrictions so significantly that trade with China and India for delivery in March has stalled,
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
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 ...
Exclusive-Russian Oil Refining Rises as US Sanctions Target Crude Exports - Sources
Traders say for the time being the price cap imposed on products that trade at a premium to crude, principally diesel - which ...
Russian oil share to dip for Indian Oil as firm secures no purchase since Jan 10 sanctions
Indian Oil remains confident about energy availability for India saying US sanctions imposed on Russian oil would have ...
Crude Oil Prices12h
EU Considers Russian Aluminum Ban
The European Union is considering a ban on Russian aluminum imports, along with other sanctions, but faces growing opposition ...
Kyiv Independent on MSN1d
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, ...