oil
More than 20 tankers with Russian oil stuck near India and China
Oil volumes at sea have surged, with supplies stalling despite the highest shipments from Russia in 2.5 years.
India Reduces Russian Oil Imports Due to Increased Inspections, — Bloomberg
The regulatory filter was introduced as India seeks to push through a broader trade deal with the United States. India expects to sharply reduce its imports of Russian oil this month to about 800,000 barrels per day. This is due to increased inspections at ports and banks to comply with Western restrictions, Bloomberg reports. In…
The effect of US sanctions against Russian oil has now weakened, — Klymenko
The expert described how the effect of US sanctions against Russian oil had transformed as of the first decade of December.
Russia’s oil export revenues hit lowest level since start of full-scale war
Russia’s oil revenues fell to $11 billion in November, the lowest monthly level since February 2022.
Kazakhstan to redirect some oil to China due to damage to CPC pipeline at Novorossiysk port
Kazakhstan will redirect some of its oil from the Kashagan field to China after Ukraine attacked the CPC terminal in the port of Novorossiysk,
Drones attacked a Russian oil platform in the Caspian Sea
Long-range drones of the SBU’s Alpha Special Operations Center hit the Filanovsky oil platform.
Instead of price caps: EU and G7 may ban sea transportation of Russian oil
The parties are negotiating to replace the cap on the price of Russian oil with a complete ban on its maritime transport.
Lukoil lost about $10 billion in capitalization after US sanctions
Shares of Russian oil and gas giant Lukoil fell to their lowest level in two and a half years this week.
A billion tons of sanctioned oil stuck in world waters
The accumulation of oil shipments at sea, especially from Russia, Iran and Venezuela, indicates that sanctions are finally starting to work. Bloomberg analysts and maritime monitoring services (Vortexa, Kpler, OilX) have found a significant increase in the volume of crude oil awaiting transportation or unloading at sea. A significant part of this stagnation is crude…
Two tankers with Russian oil stuck near the Suez Canal due to sanctions
Two tankers carrying Russian oil have been unable to find buyers in the wake of tougher Western sanctions and have been anchored in the Suez Canal for more than a week.
