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Articles with tag "Oil"
shifting market
Russian Oil Exports to India Surge 2,200% Following European Sanctions
Russia increased its oil sales to India by 2,200% in 2022 after sanctions ended exports to the European market.
sanctions adaptation
Russia to Extend Oil Production Cuts Until End of June
The production cuts, which amount to about 5% of daily output, were announced after Western countries announced new sanctions on Russian oil.
1 Min read
shrinking margin
Russian State Oil Giant Rosneft Profit Falls After Sanctions
Western powers have imposed a raft of sanctions against Russia, including a price cap on its crude, over the conflict in Ukraine.
1 Min read
bottom line
Russia's Oil Revenue Sinks as Sanctions Bite – IEA
Russia, however, was still shipping "roughly the same" amount of oil to world markets, according to the IEA.
3 Min read
Steep fall
Russian Gas Exports Sink by 25% Despite Rise in Oil Sales
The European Union, once the largest buyer of Russian gas, drastically reduced its imports last year.
2 Min read
500,000 bpd
Russia to Slash Oil Output Over Western Price Cap
Russia announced Friday it will slash crude oil output by 5% next month after Western countries imposed a price cap over the Ukraine conflict. International...
latest package
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...
cut off
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...
tense area
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 ...
energy markets
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...
still thriving
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...
cutting ties
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...
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