You Searched For "embargo" and got 20 results
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1 min read
Russia says it will assess any possible retaliation for the Western oil embargo in early 2023
Russia's central bank chief Elvira Nabiullina said at a news conference on Thursday that the Kremli…
Brian Evans
1 min read
Oil prices could spike 11% as Middle East turmoil sparks a decades-long inflation spiral, market veteran says
Iran's attacks against Israel over the weekend could send Brent crude towards $100 a barrel, Ed Yar…
Filip De Mott
2 mins read
Russia could face 2 new price caps for refined petroleum products as another EU embargo looms, report says
The two new measures would be aimed at Russian exports that trade both above the price of crude and…
Phil Rosen
2 mins read
Oil is likely to hit $200 a barrel under the disastrous G7 plan to cap Russian prices, an SEB analyst says
The G7's potential plan to cap Russian energy prices "sounds like a recipe for disaster right now,"…
Harry Robertson
2 mins read
Oil shippers are hiding Russian cargoes by paying in Chinese yuan, exchanging weapons for crude, and 'going dark'
Carriers can easily mask the origins of Russian oil shipped to sanctions-averse buyers, sparking co…
Zahra Tayeb
2 mins read
Oil shippers are hiding Russian cargoes by paying in Chinese yuan, exchanging weapons for crude, and 'going dark'
Carriers can easily mask the origins of Russian oil shipped to sanctions-averse buyers, sparking co…
Zahra Tayeb
1 min read
Russia still earns about 100 million euros per day in gas exports to Europe despite 75% cut to supply
Russian gas revenue from Europe has totaled about 35 billion euros since the war began, the Indepen…
Brian Evans
1 min read
Russia was India's 2nd-largest oil supplier in May, surpassing Saudi Arabia, new data shows
India imported about 819,000 barrels of Russian oil per day, new data shows, which accounts for rou…
Brian Evans
1 min read
Russian President Vladimir Putin vows not to shut in oil wells even as sanctions threaten crude production
Russia's oil production declined 9% in April but has since found renewed life as the Kremlin seeks …
Brian Evans
1 min read
Oil prices could hit $150 a barrel or more with demand destruction likely by the end of the year, says global commodities trader Trafigura
"If we see very high energy prices for a period of time we will eventually see demand destruction,"…
Brian Evans
1 min read
India could import even more Russian oil under new agreement as state-run refiners look to load up on discounted crude
India may move to import more oil from Russia, Bloomberg reported Monday, with state-run producers …
Brian Evans
1 min read
Russia will lose its relevance in OPEC+ as sanctions continue to weigh on oil production, top energy analyst says
Russia may fade as a major player in OPEC+, a top energy analyst told CNBC. Sanctions are squeezing…
Brian Evans
1 min read
Goldman warns Russia could further choke off natural-gas supplies in response to the EU's oil ban, whacking European growth
The EU and Russia are doing battle over energy, with Brussels banning oil imports and Moscow restri…
Harry Robertson
2 mins read
Europe will ban insurance for Russian oil cargoes in the strongest blow yet to Putin's war machine, reports say
Russian oil exports to the rest of the world could tumble under the reported plans, with similar sa…
Harry Robertson
2 mins read
Oil surges to 2-month high of $123 after EU agrees to ban most Russian crude imports and China eases COVID rules
After weeks of wrangling, EU leaders have agreed a deal to slash oil imports from Russia by as much…
Harry Robertson
1 min read
Russian oil exports crater by 54% in the first full week of the EU's embargo amid a shortage of tankers willing to carry cargoes
Meanwhile, energy giants Exxon Mobil and Shell are avoiding hiring tankers that previously carried …
Phil Rosen
1 min read
The global energy crisis will get worse if aviation and China put more pressure on an already under-invested sector, Aramco CEO says
"If the aviation industry picks up speed, you are going to have a major problem," Saudi Aramco CEO …
Brian Evans
2 mins read
A former Lukoil boss said an EU ban on Russian oil would bring the worst outcome for both sides
A former boss of Russia's second largest oil group said an EU ban would be "a shock for everyone. R…
Hamza Fareed Malik
1 min read
Russian oil exports to Italy have more than quadrupled due to unintended consequences of Western sanctions
Russia has exported about 450,000 barrels per day of crude to Italy this month, the most since 2013.
Brian Evans
1 min read
Russian oil production is rebounding and will continue to increase as shunned supplies may find indirect route to Europe, Kremlin says
Output increased by 200,000-300,000 barrels per day in May after declining by 1 million barrels per…