Russian oil

EU

EU’s Borrell Hopeful of Deal on Russian Oil Ban

European Union members should be able to reach an agreement on a new sanctions package against Russia, including imposing restrictions on Russian oil imports, d…

Energy Security

EU Unveils €300BN Package to Slash Reliance on Russia’s Energy

The EU Commission President has highlighted the need for a “rapid reduction” in European reliance on Russian oil and gas.

Crude Oil

More Oil From U.S. Strategic Petroleum Reserve Heads to Europe

Europe is set to receive more cargoes of U.S. crude from the Strategic Petroleum Reserve (SPR) as the European Union discusses an oil embargo on Russia and look…

Crude Oil

Oil Slips as Investors Eye EU Vote on Russian Oil Ban

Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected to tighten global supp…

Oil Price

Oil Rises, Defying Stock Market Falls as Supply Concerns Persist

Oil prices climbed for a third straight session on Friday, shrugging off concerns about global economic growth as worries about tightening supplies underpinned …

Oil & Gas Trade

How Much Russian Oil is Europe Importing?

Russia was the largest supplier of petroleum to Europe in 2021, according to a new report.

Oil & Gas Trade

Shell’s Profit Soars on Higher Oil and Gas Prices

Oil major Shell booked a huge profit in the first quarter of the year on the back of higher oil and gas prices despite taking a charge due to its phased exit fr…

Crude Oil

Abu Dhabi Crude to Head to Europe, Replace Russian Oil

A shipping unit of France's TotalEnergies has provisionally chartered a tanker to load Abu Dhabi crude in early May for Europe, the first such shipment in two y…

Crude Oil

EU Prepares ‘Smart Sanctions’ on Russia

The European Union is preparing “smart sanctions” against Russian oil imports, The Times says, citing the European Commission’s executive vice-president, Val…

Crude Oil

Oil Sinks Toward $100 as EU Avoids Curbs on Crude, Dollar Gains

Oil fell as the European Union eschewed sanctions on Russian oil flows for now and a stronger dollar blunted the appeal of commodities.

Crude Oil

West Set To ‘Swap’ 650,000 Bpd Russian Oil with Developing Asia

Developed economies allies of the U.S. and the EU are expected to replace around 650,000 barrels per day (bpd) of Russian crude oil with grades from other produ…

Crude Oil

Ukraine Crisis: Why India Is Buying More Russian Oil

Russia is seeking new markets for its oil exports as Western sanctions tighten - and India has been taking advantage of discounted prices to ramp up imports fro…

United States

US Refiners Turn to Middle East for Fuel Oil After Russia Import Ban

US refiners began snapping up fuel oil cargoes from the Middle East this month after President Joe Biden banned Russian oil imports over the country's invasion …

Russian Federation

TotalEnergies to Halt Russian Oil Purchases by the End of 2022

TotalEnergies has announced it will stop purchasing oil and petroleum products from Russia as soon as possible and by the end of 2022 at the latest.

Oil Price

India's Energy Dilemma: Is Cheap Russian Oil Worth Tensions with West?

India, Asia’s third-largest economy, faces a dilemma. It hopes to increase imports of Russian oil, currently an abundant source in a tight market, but the move…