Russia's oil exports fell in 2024, but revenue rose $3.8 billion, IEA says
Russia's crude oil and oil products exports fell 350,000 barrels per day last year, though revenue from its exports rose 2% or $3.8 billion, the International Energy Agency said on Wednesday.
Russian Oil Products Trapped at Sea by US Sanctions, LSEG Data Shows
Nearly 500,000 metric tons of Russian oil products are trapped on tankers hit by U.S. sanctions, LSEG data showed on Wednesday. On Jan. 10, new Russia-related sanctions targeted more than 180 vessels and insurance companies,
Oil export sanctions pose a threat to the Russian regime, expert says
The Russian government relies mainly on profits from the export of raw materials, particularly oil, making sanctions against this industry an effective tool, according to the RBC-Ukraine article How much Putin pays for the war in Ukraine as the West adds pressure on Russia's economy.
Russia faces higher costs on sea-borne oil exports due to new US sanctions
Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.
India Rushes to Pay for Russian Oil Ahead of Sanctions Cutoff
India’s state refiners are rushing to speed up payments for Russian crude, hoping to complete their trades before a dramatic expansion of Washington’s curbs on Moscow’s oil industry effectively comes into force next month,
Oil prices pull back after rising to their highest since August on Russia sanctions
Oil futures pulled back Tuesday, giving back some ground after a three-day rally driven in part by a new round of U.S. sanctions on Russia’s oil industry.
Oil Eases as Market Weighs U.S. Sanctions on Russia
Oil eased slightly in early trade after rallying to a multi-month high as the market weighs the impact of U.S. sanctions on Russian supplies.
Oil Freight Traders Pile In as Russia Sanctions Push Rates Up
Oil-freight derivatives trading surged to the highest in at least a decade as the Biden administration’s sanctions on Russia continued to propel supertanker rates higher.
US crude oil stocks excluding SPR fall to 2-year low, EIA says
U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as ...
Nymex Overview: Oil and Products Rally on Supply Concerns Over U.S. Sanctions -- OPIS
U.S. crude-oil futures rose more than $1, helped by robust distillate heating oil demand amid a winter blast in U.S. and Europe and as the energy market focused on possible supply disruptions because ...
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Oil marketers reveal why petrol prices increased again
Filling stations across Nigeria have increased their prices again in response to the soaring global crude oil cost, which ...
Tanker rates extend rally on sanctions, demand to load Mideast oil, products
Oil shipping rates extended their rally on expectations of a tightening in global tanker supply from wider U.S. sanctions on ...
Why oil tanker rates are surging again this Wednesday
Oil tanker rates continued to rise on Wednesday as concerns over further supply disruptions from US sanctions increased.
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Fuel prices may rise as crude nears $80/barrel
The prices of refined petroleum products may rise in the coming days following the increase in the cost of Brent, the global ...
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Crude Oil Market Has Come Alive
After such a sleepy period from October to December, the crude market has come alive. That’s what Chris Weston, Head of ...
Crude oil turns lower as U.S. supplies fell but fuel stocks jumped more than expected
Oil futures decline on bearish inventory data; US crude inventories fall but gasoline, distillate stocks increase.
Gas prices will fall in the next 2 years as global oil supply outpaces demand, EIA says
US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...