You Searched For "russian crude" and got 18 results
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2 mins read
Russia becomes biggest supplier of oil to China
China has ramped up purchases of Russian oil despite demand dampened by Covid curbs and a slow…
1 min read
A German refinery partly owned by Moscow has started mixing US oil with Russian crude
The refinery in Schwedt is partly owned by state-run energy giant Rosneft and has long relied on Ru…
Phil Rosen
2 mins read
Iran is cutting its oil prices to compete with cheap Russian crude for Chinese buyers: report
Russian crude currently trades at a $20 a barrel discount, so Tehran is cutting prices to compete i…
George Glover
2 mins read
Russian crude production has been resilient since the war, but output will soon fall by over a million barrels a day, Rystad Energy says
Russian crude production could fall off by 1.1 million barrels a day, Rystad said, dealing a potent…
Jennifer Sor
2 mins read
An oil price cap won't stop China and India from quietly snapping up Russian crude with the help of smaller insurers, S&P Global says
Some importers of Russian oil are already using "lower-value" insurance companies, and others may b…
Jennifer Sor
1 min read
Russian crude exports to Asia are falling to their lowest levels since March
India and China have been big importers of Russian crude. Data from Bloomberg shows that flows to A…
Brian Evans
2 mins read
Russian oil products are likely ending up in the US after being refined in India, report says
"It does look like there's a trade where Russian crude is refined in India and then some of it is s…
Phil Rosen
1 min read
Small oil traders are now making $20 million from a single shipment of Russian crude - 33 times more than before the war
Smaller oil traders are making $20 million for each cargo load of Russian crude, and they're not ev…
George Glover
1 min read
International oil traders are flocking to India as the nation seeks new ways to buy Russian crude
Sources told Bloomberg that some international traders have been offering barrels at markdowns of a…
Jennifer Sor
1 min read
The US and other countries that sanctioned Moscow are likely importing Russian oil via India, report says
About 308,000 bpd of Indian oil product exports could be attributable to Russian crude inputs, with…
Brian Evans
1 min read
Russian crude is quietly flowing to European buyers like Italy and Spain as EU sanctions loom
According to data tracked by Bloomberg, Russian crude flows to Italy hit a seven-week high in the s…
Phil Rosen
1 min read
India cut its purchases of Russian crude for the first time in 5 months and switched to Saudi Arabia's cheaper oil
Indian purchases of Russian declined by about 7.3% in July while its imports of Saudi crude jumped …
Zahra Tayeb
1 min read
China halts some Russian crude purchases as looming oil price cap leaves buyers looking for a bigger discount
Cargoes of Russian ESPO crude remain unsold as Chinese buyers are waiting to see if they can get ch…
Phil Rosen
1 min read
Russian oil heads to West Africa for the first time since 2018 as Western sanctions leave Moscow scrambling to find buyers
A cargo carrying 600,000 barrels of Russian crude has made its way to Ghana where it was due to be …
Zahra Tayeb
1 min read
China's imports of Russian oil are on track to hit a record high as Beijing doubles down on steep discounts
Analysts expect nearly 43 million barrels of Russian crude will be delivered to China this month, a…
Zahra Tayeb
1 min read
China's reliance on Russian oil has soared with more than 1 in 5 barrels of imported crude now coming from Moscow
Chinese imports of Russian crude oil grew in the second quarter of 2022, despite overall imports fa…
Brian Evans
3 mins read
Putin faces a tough 2023 for Russian oil as the West's ban and price cap take hold. These 3 experts assess whether the measures will work — and what it means for crude prices.
Russian crude output is set to plunge by 1 million barrels a day and oil prices could top $100 a ba…
Zahra Tayeb
1 min read
Indian oil refiners are using China's yuan instead of the US dollar to buy Russian crude
In June, Indian Oil was the first state refiner to purchase Russian crude using the yuan, sources t…