US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher U.S. sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs,
Russia's Sakhalin Island Oil Is Backing Up After US Sanctions
The disruption comes as Russia's wider oil exports have plunged — albeit following an unusually long storm that halted flows from another port in Asia. Only one of eight Sokol s
Indian refiners work to build sanctions-proof supply chain for Russian oil
Some are existing outfits that have not been impacted by the punitive measures, while others are newly created, replacing those that are now off-limits
India’s crude oil imports from Russia surge 13% in Jan despite latest US sanctions
India imported 1.67 million barrels per day (bpd) of crude oil from Russia—up 13 percent from December 2024—showed data from commodity market analytics firm Kpler. Russia supplied 1.48 million bpd of crude oil to India in December.
Tanker With Oil From Sanctioned Russian Producer Idles Off India
An oil tanker carrying crude from a Russian producer that was recently sanctioned by the US has been floating off West Coast of India for two days, raising a question about whether authorities in the south Asian country will allow the vessel to deliver its cargo.
Russian Energy Official Says US Sanctions Should Not Hinder Oil Trade With India
U.S. sanctions on Russia should not affect Moscow's oil trade with India, Pavel Sorokin, Russia's first deputy energy minister, said on Tuesday, adding that it was too early to assess the impact of the latest restrictions.
Russia says US sanctions should not affect oil trade with India
U.S. sanctions on Russia should not affect Moscow's oil trade with India, Pavel Sorokin, Russia's first deputy energy minister, said on Tuesday, while adding it was too early to assess the impact of the latest restrictions.
India eyes sanctions-proof link to Russian oil
Indian oil refiners are restructuring supply chains with new entities and shipping arrangements to continue importing Russian crude amid stricter US sanctions. Despite challenges, including blacklisted sellers and tankers,
India rejects oil shipment from sanctioned Russian producer – Bloomberg
The oil tanker Cordelia Moon, carrying crude from a Russian producer, has come under US sanctions and has been drifting off India's west coast for two days, according to Bloomberg. The Cordelia Moon was scheduled to unload at Vadinar Port on February 9,
Russia braces for oil output cuts as sanctions and drones hit
Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...
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Sanctions Shock: Russian ESPO Crude Faces Declining Demand in China
Rising Sanctions Create Oil Market Disruptions Chinese refiners are facing serious challenges in purchasing Russian ESPO ...
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Russia Claims to Be Fully Compliant with OPEC+ Output Quota
Russia has claimed 100% compliance with its oil production quota under the OPEC+ agreement in January and February.
China Offered Cheaper Russian Oil as Sanctions Fallout Persists
Chinese refiners are being offered Russian ESPO crude cargoes at lower prices as growing concern around US sanctions increase ...
Crude term-deal with Russia hinges on discounts offered: BPCL
BPCL is seeking a $5-$6 a barrel discount and talks with Moscow are still on, BPCL's director of finance Vetsa Ramakrishna ...
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Russia’s Crude Output Dips Below OPEC+ Target
Russia’s crude output fell to 8.962 million barrels a day in January, 16,000 barrels a day below its target under the OPEC+ ...
Crude oil futures rise as Russian output falls in January
Crude oil futures rise on reports of Russian output fall, while Trump threatens to cancel Israel-Hamas ceasefire.