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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   


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2 mins read

Huileng Tan   


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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   


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Sanctioned tankers are back to transporting Russian oil in a blow to the West's efforts to restrict crude flows

The number of sanctioned ships carrying Russian oil grew sixfold last month compared to levels in A…

Jennifer Sor   


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Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions

Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw thei…

Yuheng Zhan   


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India is buying the most US oil in almost a year as sanctions on Russian energy bite

Indian refiners see more WTI Midland crude oil being used in the country in coming months, sources …

Yuheng Zhan   


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Ships carrying Russian diesel are idling off of Brazil in the latest hold-up for Moscow's energy flows

Russia has admitted recently that secondary sanctions from the West are choking its energy exports.

Yuheng Zhan   


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Ukraine's drone attacks on energy facilities have taken a bite out of Russia's oil exports, industry insider says

Ukrainian drone attacks on energy infrastructure have likely reduced Russian oil exports by hundred…

Mia Jankowicz   


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3 mins read

Crude oil market at the crossroads — S&P Global Commodity insights unveils in-depth 2024 energy outlook

According to S&P Global, against the backdrop of a turbulent global stage, characterized by economi…

ANI   


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The US is sending less natural gas to Europe, complicating Europe's plans to cut off Russian gas

Last year, Europe still imported about 15% of its total gas supply from Russia, with about 9% comin…

Huileng Tan   


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Russian crude exports are rising despite pledge to cut, helping keep oil prices in check

October's seaborne crude exports from Russia exceeded its target by 300,000 barrels per day, Rystad…

Filip De Mott   


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Germany's second-largest city is preparing to ration hot water as the Russia energy crisis escalates

Hamburg's environment senator said he could set limits on when people can use hot water and urged p…

Grace Dean   


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Russian inflation will soar even higher as sanctions spark another surge in gas prices, British intelligence says

Inflation in Russia is "highly likely" to remain above target through the rest of 2024, the UK Defe…

Jennifer Sor   


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Russia is cashing in on soaring oil prices right now, but it may not be able to for much longer — its exports are drying up

Russian seaborne crude shipments to Asia, where China and India are its biggest customers, have fal…

Zahra Tayeb   


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Russia is turning off some of Germany's gas supplies — but the country isn't likely to feel a huge hit

Germany has said that Russian imports could fall to make up just 10% of its natural gas consumption…

Grace Dean   


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The US has become the world's top LNG exporter as it funnels supply to European consumers at the mercy of Russia

According to the Energy Information Administration, 71% of US LNG exports went to the EU and UK as …

Zahra Tayeb   


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Russia has finally admitted Western sanctions are hitting its oil exports

Secondary sanctions are spooking global banks, as some of them turn away from doing business with R…

Huileng Tan   


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Russian oil production has jumped 5% so far in June as China and India continue snapping up discounted barrels

Average daily oil production hit 1.46 million tonnes through the first 13 days of June, about 68,00…

Phil Rosen   


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Russia's crude oil exports show little sign of slowing, but energy revenue is tumbling

Russia's revenue from gas and oil taxes dropped 26% in June from a year ago, according to the finan…

Filip De Mott   


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China gets less oil from Saudi Arabia as the OPEC leader ships more barrels to other parts of Asia

Strong refining margins meant July supplies of Saudi oil were particularly attractive for customers…

Phil Rosen