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.
Over 60% of Russian tankers hit by sanctions have stopped operating
The latest U.S. sanctions against Russia have grounded dozens of tankers carrying Russian oil.
Turkey’s largest refinery Tupras refuses Russian oil due to sanctions
Due to US sanctions, the largest oil refinery in Turkey limits purchases of Russian oil.
US sanctions force Russia to sell oil to China at lower prices
Strengthening US sanctions complicate the logistics of Russian oil, forcing sellers to offer discounts to Chinese buyers.
India does not accept tanker with sanctioned Russian oil, — Bloomberg
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.
Russian Urals oil prices drop to $16 per barrel
Due to US sanctions, the price of Russian Urals oil has fallen below $60, and sellers are forced to provide significant discounts.
Russia’s oil revenues almost hit annual low
Russia received record low oil revenues in January due to falling prices and rising costs to support oil refiners.
