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3 mins read
India imported USD 2.8 bn worth of crude oil from Russia in July
India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…
PTI
2 mins read
The US has proposed that the EU apply tariffs on Russian oil to limit price rises
The tariff would come into place before the EU bans Russian oil by the end of the year and would er…
Hamza Fareed Malik
2 mins read
Russian oil production could drop 18% by 2023 as the EU imposes a ban on all seaborne imports, the EIA says
Russian oil production is set to hit an 18-year low by the end of next year as the EU tightens its …
Zahra Tayeb
2 mins read
Hungary says an EU ban on Russian oil would be a 'nuclear bomb' for its economy, as it derails embargo plans
Hungarian Prime Minister Viktor Orban is demanding the EU gives the country five years to pivot awa…
Harry Robertson
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
3 mins read
Oil markets are heading for an 'insanely difficult' summer, with Russian production plunging under EU sanctions
Oil prices look set to soar even higher, as markets factor in a slump of 1 to 2 million barrels per…
Harry Robertson
3 mins read
Russia's raking in billions in oil revenue, but running out of buyers. Here are the ways the country could deal with its unwanted oil — and what it means for the energy market
The EU is about to ban Russian oil and traders everywhere are "self-sanctioning". The list of buyer…
Zahra Tayeb
1 min read
Russia's biggest oil company has slashed its production levels as sanctions bite, report says
Russian oil output has dropped since February, with state-owned Rosneft taking the brunt of the hit…
Harry Robertson
2 mins read
China's independent oil refiners are buying Russian supplies on the cheap, report says
Russia will be increasingly looking to Asia to buy its oil, after the EU proposed a phased move to …
Harry Robertson
2 mins read
The EU proposes a total ban on Russian oil imports, cutting out crude within 6 months
European Commission chief Ursula von der Leyen said the move would be costly to the bloc's economy.…
Harry Robertson
3 mins read
Expect as much as 2 million barrels a day of Russian crude to vanish from the market in May as sanctions kick in, BP boss says
Existing sanctions will probably eliminate another 1 million barrels a day, BP's CEO has said, as t…
Karen Friar
1 min read
The EU is considering price caps and tariffs on Russian oil imports to undercut the Kremlin's finances, report says
The measures have been proposed ahead of EU talks on further sanctions for Russia over its invasion…
Kate Duffy
1 min read
EU is expected to approve a Russian oil embargo in a bid to halt the Ukraine war, a report says
EU ambassadors are expected to meet on Wednesday to finalize the proposal, weeks after EU countries…
Sam Tabahriti
1 min read
Ukraine official says Putin 'earns $1 billion a day from oil alone' as Zelenskyy lobbies without success for an embargo
Ukraine is calling for countries, especially in the EU, to stop buying Russia oil and gas, which gi…
Tom Porter
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
Russia is selling record amounts of crude oil to India to plug the gap in its energy exports after the EU ban
Indian imports of Russian oil hit a record 1.2 million barrels a day in December, and 1.3 million b…
Jennifer Sor
2 mins read
EU ditches ban on oil tankers that ship Russian crude to third countries, but keeps restrictions on insurers, report says
The EU has watered down its proposed sanctions on anyone that ships, finances, insures or moves Rus…
Amanda Cooper
1 min read
Russia could lose $10 billion a year after the EU's ban on importing its oil, Bloomberg calculates
It cuts Russia off from a major importer, as the EU imported two-thirds of its oil from the country…
Urooba Jamal
2 mins read
European leaders reach an agreement on a Russian oil ban, a significant measure aimed at cracking down on Moscow
The ban will cut some 90% of oil imports from Russia to the EU by the end of 2022, the European Com…
Rebecca Ungarino
3 mins read
A ban on Russian crude is the EU's easiest choice from a bunch of hard sanctions options, an influential energy markets historian says
"The hardest thing, of course, is natural gas," Dan Yergin said about the EU's options for fresh sa…