US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs,
Russia's Sakhalin Island Oil Is Backing Up After US Sanctions
The disruption comes as Russia's wider oil exports have plunged — albeit following an unusually long storm that halted flows from another port in Asia. Only one of eight Sokol s
India Is Building a Sanctions-Proof Supply Chain for Russian Oil
Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect.
Russia says US sanctions should not affect oil trade with India
U.S. sanctions on Russia should not affect Moscow's oil trade with India, Pavel Sorokin, Russia's first deputy energy minister, said on Tuesday, while adding it was too early to assess the impact of the latest restrictions.
India eyes sanctions-proof link to Russian oil
Indian oil refiners are restructuring supply chains with new entities and shipping arrangements to continue importing Russian crude amid stricter US sanctions. Despite challenges, including blacklisted sellers and tankers,
India's oil minister says ‘we play by the rules,' as markets weigh U.S. energy sanctions
We play by the rules. If there is an international sanction, which is anchored, we would not want to go around it,” the oil minister told CNBC.
Russia braces for oil output cuts as sanctions and drones hit
Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...
Russian economy faces collapse as ships used to circumvent sanctions to be seized
Vladimir Putin's shadow fleet circumvents economic sanctions imposed by the West, but European countries are trying to seize ...
Russian cybercrime network targeted for sanctions across US, UK and Australia
The U.S., U.K. and Australia have sanctioned a Russian web-hosting services provider and two Russian men who administer the ...
Russian energy official says US sanctions should not hinder oil trade with India
U.S. sanctions on Russia should not affect Moscow's oil trade with India, Pavel Sorokin, Russia's first deputy energy ...
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Russia Claims to Be Fully Compliant with OPEC+ Output Quota
Russia has claimed 100% compliance with its oil production quota under the OPEC+ agreement in January and February.
Syria's interim foreign minister says Russia-Iran ties to Assad are an open wound
Syria’s relations with Iran and Russia remain an open wound for the country’s people after the nations backed autocratic ...
China Offered Cheaper Russian Oil as Sanctions Fallout Persists
Chinese refiners are being offered Russian ESPO crude cargoes at lower prices as growing concern around US sanctions increase ...
EU to blacklist 25 more Chinese entities for flouting Russia sanctions
The European Union plans to add another 25 Chinese entities to a blacklist of companies for circumventing sanctions on Russia ...
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Top Russian LNG Producer Novatek Books Higher 2024 Profit
Novatek, the Russian LNG giant, reported increased profits in 2024 despite facing significant challenges from Western ...
Syria's interim foreign minister says Russia-Iran ties to Assad are an open wound after war
Syria’s relations with Iran and Russia remain an open wound for the country’s people after the nations backed autocratic ...
Russia Burns Through Gold Reserves Amid Economic Turmoil
The slump in gold reserves comes amid record-breaking prices for the precious metal. Russians are piling up on what is considered a safe-haven asset in response to high inflation and strict sanctions ...