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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
The US's top energy advisor urges India not to buy too much Russian oil — and says Moscow's revenues are now higher than before the war
India has ramped up its purchases of Russian oil from 100,000 barrels per day to 800,000, according…
Harry Robertson
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
India among the eight countries allowed to continue buying oil from Iran even after the US reimposes sanctions — But there’s a catch
And while that may be true, it’s only temporary. So, essentially, it should be treated as an ext…
2 mins read
A Russian politician claims that EU nations will use third countries to continue buying Russian oil after any embargo
Vladimir Dzhabarov told state-owned news outlet that the EU would end up paying higher prices for o…
Grace Dean
2 mins read
Iran Admits That Oil Sanctions Are Having A Brutal Effect
President Mahmoud Ahmadinejad said late December that "we should be able to administer the country …
Agence France Presse
2 mins read
Oil prices spike ahead of US sanctions on Iran
Meanwhile, an unexpected drop in Saudi production last month also bolstered prices. Output in Saudi…
Gina Heeb
2 mins read
Oil jumps after IEA says maintaining global supply with Iran sanctions could be 'very challenging'
It also is not clear if the State Department would allow sanction waivers, which were used in the O…
Gina Heeb
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
4 mins read
Europe is closing in on Russian oil sanctions, but looks set to stop short of a full-blown ban. Here are 3 charts to explain why.
Here's a look at the energy trade between Europe and Russia as the EU closes in on oil sanctions &m…
Adam Morgan McCarthy
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
2 mins read
India may bear the brunt of US sanctions against Iran
According to experts, while the European nations might still be convinced, the situation looks s…
2 mins read
Secretary of State says the Biden administration is having 'active discussions' to ban Russian oil imports to the US
Russia's energy resources bring home more than $500 million per day, which makes up about half its …
Yelena Dzhanova
3 mins read
Here's why Trump wants to shut Iran out of the oil market
Oil is big business in Iran, with exports accounting for more than a tenth of gross domestic produc…
Gina Heeb
2 mins read
Russia has expanded its shadow fleet that it uses to evade oil sanctions, think tank says
Russia added 74 ships to its secretive fleet of shadow tankers, according to a new report from a Uk…
Jennifer Sor
1 min read
Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions
Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…
Kelly Cloonan
2 mins read
Reliance says oil purchases from Venezuela in compliance with US sanctions
US oil sanctions on Venezuela do not ban importing crude oil from the Latin American nation but ba…
PTI
5 mins read
Trump's Iran sanctions aren't working as planned
According to the National Security Advisor John Bolton, more sanctions and stricter enforcement are…
Saeed Ghasseminejad
1 min read
Saudi Arabia is charging Asian buyers near-record prices for oil as demand soars and supply remains pressured
Prices for one of the world's largest oil producers have skyrocketed, struggling to meet demand ami…
Jennifer Sor
3 mins read
Russia's economy in 4 charts: How war, sanctions, and shifting oil flows have reshaped a world power
Sanctions and trade boycotts have forced Moscow to reorient away from the West, and data shows the …