You Searched For "russian oil embargo" and got 20 results
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3 mins read
Brent crude rallies to top $100 after an IEA warning about a Russian supply shortfall
Oil prices rose to top $100 a barrel Thursday after the IEA warned a coming fall in Russian supply …
Karen Friar
1 min read
The EU is set to propose a Russian oil embargo, but Putin ally Hungary pushes back: 'It makes no sense'
"It makes no sense for the commission to propose sanctions affecting natural gas and crude oil that…
Phil Rosen
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
3 experts break down why Russia is set to lose its status as a top global oil power under an EU embargo: 'It could surely cripple the Russian oil and gas industry'
An embargo "definitely undermines Russian status as it limits the flow of funding to Russia, making…
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
1 min read
US oil exports to Europe continue to surge as the EU nears a full embargo on Russian crude
The US sent 48.8 million barrels to Europe last month from major terminals in Texas and Louisiana, …
Phil Rosen
1 min read
Russian oil exports to Europe hit 4-month high as embargo looms while demand from Asia continues to drop
Oil flows hit 3.41 million barrels per day for the tracking period ending August 19, the highest si…
Brian Evans
2 mins read
Germany says it's ready to stop buying Russian oil, paving the way for the EU to impose a full embargo
The pivot from Germany follows a new deal with Poland that will allow it to import oil from other g…
Phil Rosen
1 min read
China is now importing more Russian oil than ever before - and Europe has almost entirely stopped buying crude from Moscow
China's crude imports from Russia hit an all-time high of 2.29 million barrels per day in May, up 1…
Phil Rosen
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
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
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
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
Russia will likely be shut out permanently from global energy markets, top oil execs say
"What has happened is so shocking ... that I think they will not be lulled into complacency around …
Phil Rosen
1 min read
Russia is earning $20 billion per month in oil sales as higher crude prices lift export revenue 50%, says IEA
In April, Russian oil exports climbed by 620,000 barrels per day from the prior month to 8.1 millio…
Brian Evans
1 min read
Saudi Arabia warns that the world is running out of energy capacity: 'I have never seen these things'
"The world is running out of energy capacity at all levels," said Saudi Oil Minister Prince Abdulaz…
Phil Rosen
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
1 min read
EU is expected to approve a Russian oil embargo in a bid to halt the Ukraine war, a report says
EU ambassadors are expected to meet on Wednesday to finalize the proposal, weeks after EU countries…
Sam Tabahriti
1 min read
Russia estimates its oil output could fall as much as 17% this year, signaling worst crash since the 1990s, report says
Russia's economy ministry estimated oil production at 433.8 million to 475.3 million tonnes this ye…
Brian Evans
2 mins read
Ukraine says the West must "kill Russian exports" to stop funding Moscow's war machine as EU oil embargo hangs in limbo
"Stop allowing them to make money which they can invest in the war machine that destroys, kills, ra…