oil
“Sovcomflot” revenue decreased by 19% in 2024
Revenue of “Sovcomflot”, the largest shipping company and oil carrier in Russia, decreased by 19% for the year.
Volumes of Russian oil stuck on tankers at sea are growing
The volume of Russian crude stuck at sea is growing as U.S. sanctions against Russia continue to affect shipping.
India’s oil imports from Russia fall to two-year low
India has cut its crude oil imports from Russia to their lowest level in two years due to sanctions.
Iran forced to compete with Russia for sanctioned tankers
Iranian oil flows could be cut by increased demand for tankers that are not currently under sanctions.
Russian oil supplies are decreasing due to US sanctions
Tankers carrying Russian oil are being forced to change routes, with about 9 million barrels of oil left on tankers that have been idle for at least a week.
The United Kingdom has imposed sanctions against 40 vessels of the “shadow fleet”
The UK has imposed sanctions on 40 vessels of the “shadow fleet”, thanks to which Russia circumvents restrictions and exports oil.
EU spent more on oil and gas from Russia than on financial aid to Ukraine, report says
The European Union has spent more on Russian oil and gas than it has allocated for financial aid to Ukraine.
G7 may lower price ceiling for Russian oil
The G7 countries are considering a collective tightening of price caps on Russian oil.
Russian oil exports grow thanks to new tankers
Russia is increasing crude oil exports despite problems with unloading sanctions-hit cargoes.
China reduced imports of Ukrainian sunflower oil
Due to the war and logistical difficulties, Ukraine is losing its share in the Chinese sunflower oil market, while the Russian Federation and Kazakhstan are increasing it.
