Russian oil

Oil & Gas Trade

EU Ramps up Non-Russian Diesel Imports Ahead of Embargo

EU imports of non-Russian gasoil and diesel rose sharply last week, helping to build up inventories ahead of the bloc's impending embargo on Russian oil pro…

Crude Oil

Russian Seaborne Crude Exports Rebound to Two-Month High in January, Report Says

A ship in the Baltic Sea on the natural gas pipeline Nord Stream 2 from Russia to Germany. An EU and G7 price cap on Russian oil has aimed to reduce Moscow&rsqu…

Oil Price

Moscow Restrains Response to G7 Price Cap

A long-awaited decree signed by President Vladimir Putin this week prohibiting Russian oil exports to countries working under the G7 price cap was perceived as …

Oil & Gas Trade

Putin Bans Export of Russian Oil to Countries That Implement Price Cap

Moscow: President Vladimir Putin Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the supply of crude o…

Crude Oil

Price Cap on Russian Oil Comes Into Effect

The price cap of $60 per barrel for Russian oil devised by the G7 and supported by the European Union comes into effect today, aiming to curb Russia’s revenues…

Oil Refinery

Lukoil Says Its Italian Refinery Will Continue Operations After EU Embargo

Lukoil said on Friday that it is ready to ensure continued operations at the site after the EU embargo on imports of Russian crude by sea takes effect on Decemb…

Crude Oil

European Refiners Oversupplied as Oil Shortage Fears Subside

European refiners have found themselves oversupplied with crude as an expected shortage owing to the looming EU ban on Russian oil has yet to materialise.

Crude Oil

Russian Oil Output to Fall 1.4 Mln Bpd Next Year as EU Ban Takes Effect - IEA

Russian oil output is set to fall 1.4 million barrels per day(bpd) next year after a European Union ban on seaborne exports of Russian crude comes into effect, …

Oil Price

Oil Takes a Breather, Eases off 5-Week Highs

Oil prices slipped on Monday, easing off five-week highs, as the market took profits following strong gains last week on expectations of tighter supplies follow…

Crude Oil

APPEC EU Sanctions, Price Cap on Russian Oil to Raise Shipping Hurdles

Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil

Crude Oil

More U.S. Sour Crude Heads to Germany to Replace Russia Oil

A second shipment of crude from a U.S. Gulf of Mexico offshore field has sailed for Germany, according to vessel tracking data and trade sources on Tuesday, as …

Crude Oil

The Burgeoning Energy Partnership Between Azerbaijan and the EU

As the European Union continues to pursue new sources of energy to replace Russian oil and gas, it is expanding its energy partnership with Azerbaijan.

Crude Oil

U.S. Steps up Heavy Crude Imports as Biden Blasts Profiteering

U.S. refiners last month imported the most heavy crude in nearly two years, customs data showed, as they cranked up motor fuel production and sought to replace …

Crude Oil

France in Talks With UAE To Replace Russian Oil Supplies

France is in talks with the United Arab Emirates to replace Russian oil purchases.

OPEC

OPEC+ Working On Making up for Lower Russian Oil Output

OPEC+ is working on making up for a drop in Russian oil output as Russia's production has fallen by around 1 million barrels per day as a result of Western sanc…