oil

The Cordelia Moon tanker, carrying oil from a company that has been sanctioned by the US, has been off the west coast of India for several days and has not entered a port.

Due to US sanctions, the price of Russian Urals oil has fallen below $60, and sellers are forced to provide significant discounts.

Russia received record low oil revenues in January due to falling prices and rising costs to support oil refiners.

The sanctions imposed by the United States have not stopped Russian oil exports, but they have already led to serious logistical problems in Russia.

A Ukrainian drone attack on the Russian oil port of Ust-Luga likely damaged a pipeline system that supplies crude.

After the Volgoneft tanker accident in December 2024, seven more similar vessels followed the same route. A day after the tanker accident in the Kerch Strait, the Volgoneft-141 vessel reloaded more than 4,000 tons of fuel oil onto a storage tanker in the Kavkaz port, despite the current ban on entering the open sea. This…

Russian oil trade with China and India halted as sanctions push up shipping costs.

In January, more than 60% of vegetable oil was exported through Ukrainian ports.

The cost of transporting Russian oil to China has already increased fivefold due to US sanctions.

Sanctions imposed by the United States on Russian tankers have threatened Moscow’s key logistics chains.