You Searched For "oil embargo" and got 20 results
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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
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
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
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
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
Germany warns a Russian oil ban will harm Europe's economy, even as it backs an embargo
EU member states are currently debating a ban on Russian oil imports, which could cut off vital fun…
Harry Robertson
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
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
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
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 …
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
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
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
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…
Shalini Nagarajan
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
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…