oil
G7 plans to tighten sanctions against Russian oil
The G7 countries are discussing new price caps on Russian oil exported by sea.
Russia and India have signed their largest-ever oil supply deal
India and Russia have agreed their largest-ever oil supply deal.
US considering tougher sanctions against Russian oil
Biden has previously refrained from tightening sanctions over concerns that it would raise fuel prices in the US, especially during the election period.
The EU failed to agree on the 15th package of sanctions against Russia
European Union officials failed to agree on a 15th round of sanctions against Russia.
Russia’s oil revenues fell by more than 20%
The Russian Federation’s oil revenues fell in November amid falling global oil prices.
In November, Russia increased sea exports of petroleum products by 18%
Russian oil product exports rose more than 18% in November from a month earlier.
Kazakhstan will reduce oil transit through Russia by 80%
Kazakhstan may sharply increase crude oil exports from the Turkish port of Ceyhan, bypassing Russia.
Britain imposes sanctions on 30 Russian shadow tankers
Russian tankers that have been hit by new British sanctions have transported billions of pounds worth of oil and petroleum products over the past year.
Russia has organized new hubs for the transshipment of sanctioned oil near Greece
The Greek islands of Lesbos and Chios have become a new hub for Russian oil transshipment.
Russia Delivers One Million Barrels of Oil to North Korea Despite UN Sanctions
Russia has supplied more than a million barrels of oil to North Korea since March 2024, likely in exchange for weapons and troops.
