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West's New Oil Sanctions Aim to Tighten Screws on Russia

The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war. An EU-wide ban on...

blocked revenue

Russia Enacts Oil Sale Ban on Price Cap-Compliant Countries

Russia’s ban on oil exports to countries and companies that adhere to a Western price cap aiming to constrain the Kremlin’s energy revenues...

retaliation measure

Russia to Ban Oil Exports to Countries With Price Cap

Russia issued a decree Tuesday to ban oil sales to countries and companies that comply with a price cap agreed by Western countries in response to Moscow's...

Moscow Warns of Ban on Oil Sales to Countries Joining Price Cap

A senior Russian official warned Friday that Moscow would ban oil sales to countries that join a Western price cap on the country’s crude. President...

unblocked straits

Turkey Ends Tanker Dispute Linked to Russian Price Cap

Turkey said Tuesday it has cleared up a dispute linked to a Western price cap on Russian crude that had stalled the passage of tankers through the Bosphorus...

stagnant straits

Dozens of Oil Tankers Stuck in Turkey Amid Russian Price Cap Fallout – Reports

Millions of barrels of oil on apparently non-Russian tankers were stuck in Turkish waters due to Ankara’s proof-of-insurance demands as part of a...

seized subsidiaries

Russia's Rosneft Reports $889Mln Loss from Assets 'Transfer' in Germany

Russia's oil giant Rosneft said Wednesday its profit over the past nine months had been badly hit by the seizure of its German-based refineries by Berlin...

restricting revenue

Russian Oil Price Cap Put to the Test

The price cap on Russian oil agreed by the EU, G7 and Australia came into force on Monday. It aims to restrict Russia's revenue as punishment for its invasion...

'analyzing' the move

Russia Denounces Oil Price Cap Agreed by EU, G7

Russia on Saturday denounced a $60 price cap on its oil agreed by the EU, G7 and Australia, even as Ukraine suggested it was not tough enough and...

Russian Oil Tanks Ignite Near Belarusian, Ukrainian Borders

Oil tanks near Russia's border with Belarus and Ukraine caught fire early Wednesday, local authorities said Wednesday. The oil tank fires come a day after ...

Putin Warns of 'Grave Consequences' to Oil Price Caps

Russian President Vladimir Putin warned that Western plans to introduce oil price caps could have "grave consequences" for energy markets, during a telephone...

Turkey Becomes New Route for Russian Oil to EU – Think Tank

Moscow's revenues from fossil fuel exports fell in October to their lowest levels since the Ukraine invasion, but Turkey has become a new route for Russian...

'sovereignty' of resources

Rosneft Head Sechin Slams EU’s Energy Price Cap

A Western cap on Russian energy prices destroys individual countries’ sovereignty and plays into the hands of the United States, Igor Sechin...

ExxonMobil Exits Russia With ‘Unilateral Termination’ of Sakhalin-1 Assets

American oil giant ExxonMobil has completed its exit from the Russian market after President Vladimir Putin ordered the expropriation of its assets, the...

Conduit Closure

Russia-Germany Oil Pipeline Partly Shut After Leak

The Druzhba oil pipeline linking Russia and Germany has been partly shut after a leak was discovered in Poland, the Polish PERN operator said on Wednesday...

controversial quota

Kremlin Says OPEC+ Cut Output to Stabilize Oil Markets

The Kremlin said Thursday that an OPEC+ decision to sharply cut production was designed to stabilize global oil markets, after Washington said the move...

source of income

Russia Boosts Oil Output Despite Western Pressure – Kommersant

Russia increased oil production in September as major Western countries debated energy price caps over Moscow’s invasion of Ukraine, the Kommersant...

Russia Threatens Oil and Gas Shut-Off as West Pursues Energy Price Caps

"It will be the same as with oil. There will be no Russian gas in Europe,” ex-president Dmitry Medvedev warned.

China’s Energy Imports From Russia Spike to $35B – Bloomberg

China continues to boost Russia’s war chest as other countries shun Russian goods over its invasion of Ukraine.

commodity contraction

Russia’s Oil Output Falters After Summer Rebound

Oil production had previously seen several months of recovery from Western sanctions imposed over Russia’s war in Ukraine.

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