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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
2 mins read
Ukraine minister calls for immediate Russian energy embargo to make it harder for Putin to fund his military
President Joe Biden announced in early March the US would ban Russian energy imports. Meanwhile, th…
Sam Tabahriti
1 min read
This chart explains why Moscow could turn to China to ramp up oil imports after an EU embargo
China has at least 83 million barrels of spare inventory capacity that could be filled with Russian…
Phil Rosen
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
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
3 mins read
India likely to introduce a second defence ‘import embargo’ list by the end of year as it chases down $5 billion in exports
The new list is likely to come out by the end of the year as India marches towards its goal of…
2 mins read
The German chancellor said a Western embargo on Russian gas imports probably wouldn't end Putin's war in Ukraine
Olaf Scholz's comments in Der Spiegel run counter to the thinking of many Western officials. German…
Grace Dean
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
2 mins read
After import embargo, India is creating country profiles for its defence exports
"We are preparing country-wise profiles of products, weapons and platforms which are probably neede…
PTI
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
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
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
2 mins read
An EU ban on Russian oil would be a 'seismic shift' that erases 3 million barrels a day from the market, a top forecaster says
Russia will try to ramp up its sales to Asia to compensate but will struggle due to infrastructure …
Harry Robertson
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
3 mins read
All the 101 items that India's Defence Ministry will put under "import embargo"
India's Defence Minister Rajnath Singh, on August 9, said that Indian government is introducing a…
1 min read
Austria is years away from cutting off Russian natural gas and must face 'uncomfortable truths,' top energy official says
"It will be a huge effort, and we have to be upfront that it will take time," said Austrian Energy …
Brian Evans
2 mins read
Japan and the UK thrash out plans to cut Asia's reliance on Russian oil, as sanction-hit Moscow hunts for new buyers
Russia is increasingly looking to export its oil to Asia, as Western buyers shun supplies from the …