Russian oil freight rates soar on sanctions-driven tanker shortage
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.
U.S. Sanctions Trigger Russian Oil Exodus
New US sanctions targeting Russian oil producers, tankers, and insurers have caused a significant disruption in Russian oil exports, particularly to India.
Oil Tankers U-Turn and Buyers Go Elsewhere as Russia Sanctions Bite
On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 shipments since the invasion began. It also acted against Moscow-based ship insurers and two companies — Surgutneftgas and Gazpromneft — which in the first 10 months of last year accounted for almost 30% of Russia’s oil exports.
Middlemen have halted Russian oil cargo offers after US sanctions, Indian refiner says
Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.
Why Indian refiners can’t access Russian oil cargoes
The recent implementation of new US sanctions targeting Russian oil producers, tankers, and insurers has created a disruption in the supply chain. Middlemen who were previously involved in supplying Russian oil to Indian refiners,
India's BPCL sees March Russian oil intake down 20% as it awaits offers
India's state-run refiner Bharat Petroleum Corp sees its Russian oil processing down to 20% in March from 31% this month as ...
US sanctions’ impact on Russian oil trade showing, Indian refiners seek more oil from Middle East
Industry officials maintain that enough oil supply is available in the global market and replacing the lost Russian oil ...
Spate of Mystery Deaths Rocks Russian Oil Firm
The deaths of three people in mysterious circumstances sparked curiosity regarding the control of a Russian sunflower oil ...
Crude Oil Prices15h
Russian Oil Trade Faces Uncertainty as Baltic Shipments Decline
Russia's oil exports from the Baltic port of Ust-Luga have unexpectedly declined, raising questions about the impact of Western sanctions and other potential factors.
Russia's Baltic oil shipments fall 10% after EU sanctions, Finland says
Russia's oil shipments via the Baltic Sea fell by roughly 10% in the last four months of 2024, the Finnish Border Guard said, ...
Ratcheting up sanctions on Russian oil may be the key to Trump's plan to end the war in Ukraine
"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.
Russia’s Budget Oil Revenue Spiked by Almost a Third in 2024
Russia’s oil proceeds to the state budget increased by almost a third last year to the highest since at least 2018, spurred ...
Russian oil tankers still under construction included in U.S. sanctions
Six Russian oil tankers still under construction by Russia's Zvezda shipyard were included in U.S. sanctions imposed last ...