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.
Russia's February oil exports from its western ports drop by 8% due to sanctions
Russia’s crude oil exports from its western ports are expected to decline by 8% in February compared to January's plan, as Moscow ramps up oil refining. Reuters' calculations indicate that exports dropped by 8% following recent US sanctions.
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.
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 refining, two traders said and Reuters calculations showed, after the latest U.
Russia Oil Trade to China, India Stalls as Sanctions Drive up Shipping Costs
In China, newly sanctioned tankers face delays offloading oil despite meeting waiver requirements. Three of them discharged Russian ESPO and Sokol crude during Jan. 15-17 while tanker Olia offloaded at Shandong's Yantai port on Sunday after carrying its ESPO cargo for nearly three weeks, according to LSEG data.
Russia Tests Sanctions with Oil Shipments to India
Despite the latest round of sanctions by the US Treasury, Russia has managed to keep its four-week rolling average oil shipments fairly steady over the seven-day period to January 26
Oil Tankers U-Turn and Buyers Go Elsewhere as Russia Sanctions Bite
On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 shipments since the invasion began. It also acted against Moscow-based ship insurers and two companies — Surgutneftgas and Gazpromneft — which in the first 10 months of last year accounted for almost 30% of Russia’s oil exports.
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.
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 Are Squeezing India's Russian Oil Imports
New US sanctions on Russian oil tankers and energy companies threaten India's access to cheap crude, potentially driving up inflation and disrupting the global oil market.
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
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, ...
EU prolongs its Russia sanctions for 6 months after Hungary lifts its objections
The sanctions target trade, finance, energy, technology, industry, transport and luxury goods and include a ban on seaborne ...