You Searched For "russian oil ban" and got 20 results
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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
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
An oil trading company named Bellatrix is one of the under-the-radar firms that has taken over from the big names in shipping Russian crude
Major oil traders have shunned Russian oil after the invasion of Ukraine, paving the way for under-…
Hamza Fareed Malik
1 min read
Russian oil smashes through the G7 price cap as crude exports in July hit the highest level of 2023
Revenue from oil exports hit an eight-month high for Russia in July, with the warring nation sellin…
Phil Rosen
3 mins read
Russia could be suspended from OPEC's oil-output agreement. 4 experts lay out what that could mean for the price of oil and the wider energy market.
OPEC members discussed removing Russia from its monthly supply quota agreement, WSJ reported. Here'…
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
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
3 mins read
A European ban on Russian crude risks Moscow using the natural gas 'power tool' in its arsenal, Vortexa said
Russia is a major producer of energy and makes billions from its exports. The EU is its biggest cus…
Hamza Fareed Malik
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
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
As Europe scrambles to ditch Russian oil, the US is shaping up to fill that gap, thanks to its ‘super suitable’ cheaper crude, Vortexa says
"The US will rank highly, that's natural, given its size, and its proximity and also the crude qual…
Hamza Fareed Malik
2 mins read
The US and allies have reportedly floated capping Russian oil prices at as low as $40 a barrel
But sources told Bloomberg the Biden administration was concerned a price cap of $40 would be too l…
Jennifer Sor
2 mins read
The US has super-sized its crude oil deliveries to Europe to help replace missing Russian supply
Supertankers will likely play an increasingly larger part in moving that crude from the US to Europ…
Hamza Fareed Malik
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
3 mins read
Europe wants to ban Russian oil, but cutting off supplies is an economic and political nightmare
The European Union is finally seriously considering banning Russian oil, but the costs are likely t…
Harry Robertson
2 mins read
US authorities stopped a tanker full of Russian oil products on its way to New Orleans, report says
The US banned Russian energy imports in early March in response to Vladimir Putin's war on Ukraine.
Jennifer Sor
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
Summer demand could send oil prices spiking and trigger a global recession, IEA chief warns
All players in global energy markets should do their bit to avert damaging price rises, Internation…
Harry Robertson
2 mins read
Inflation is 'unacceptably high' - and a price cap on Russian oil could be the most potent way to control it, says Treasury Secretary Janet Yellen
The plan to cap Russian oil prices was floated between the US and allies last month, with a proposa…
Jennifer Sor
2 mins read
The US urges India not to step up imports of Russian oil as other nations wean off their reliance
Biden said the US could help India diversify its sources of energy, but stopped short of making a "…