IEA says Russian oil output so far unaffected by latest US sanctions
Russian oil exports could be sustained if workarounds to the latest U.S. sanctions package are found, after Russian crude production rose slightly last month, the International Energy Agency (IEA) said in its latest oil market report.
Russian Oil Export Revenue Rose Despite Sanctions
Russia's revenue from the export of crude and other oil products rose last month despite Western sanctions, according to the International Energy Agency. Commercial export revenues climbed by $900 million on-month to $15.
Sanctions and Strikes: The Unfolding Crisis in Russian Oil Production
Russia's oil production may decrease due to U.S. sanctions affecting tanker access and Ukrainian drone attacks crippling refineries. With limited storage and falling exports, output cuts are likely. Russia's economic strain grows as global buyers demand non-sanctioned tankers and lower crude supply impacts revenue.
India says Russian oil suppliers must provide sanctions-compliant cargoes
India, the No. 2 importer of crude from Russia, wants to buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States, the country's oil secretary said.
India's oil minister says ‘we play by the rules,' as markets weigh U.S. energy sanctions
We play by the rules. If there is an international sanction, which is anchored, we would not want to go around it,” the oil minister told CNBC.
India Is Building a Sanctions-Proof Supply Chain for Russian Oil
Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect.
Russia says US sanctions should not affect oil trade with India
U.S. sanctions on Russia should not affect Moscow's oil trade with India, Pavel Sorokin, Russia's first deputy energy minister, said on Tuesday, while adding it was too early to assess the impact of the latest restrictions.
Russia braces for oil output cuts as sanctions and drones hit
Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...
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Oil prices declined on Thursday amid growing optimism about a potential peace deal for Ukraine, which could lead to increased ...
China Offered Cheaper Russian Oil as Sanctions Fallout Persists
Chinese refiners are being offered Russian ESPO crude cargoes at lower prices as growing concern around US sanctions increase ...
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