Russia faces higher costs on sea-borne oil exports due to new US sanctions
Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.
Tougher U.S. Sanctions to Curb Russian Oil Supply to China and India
The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas, as well as 183 vessels that have shipped Russian oil, targeting the revenues Moscow has used to fund its war with Ukraine.
Oil prices climb 2% to 4-month high on expected hit to China and India's Russian supplies
Oil prices climbed about 2% to a four-month high on Monday on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers. Brent futures rose $1.
Oil jumps on expectations new US sanctions to cut Russian supply
Oil prices extended gains for a third session on Monday, with Brent rising above $81 a barrel to its highest in more than four months, as wider U.S. sanctions are expected to affect Russian crude exports to top buyers China and India.
Brent crude jumps above $80 a barrel as investors weigh U.S. sanctions on Russian oil
Oil futures were up strongly Monday, with Brent crude on track for its first finish above $80 a barrel since August, as investors assess the potential hit to supply from a further tightening of U.S. sanctions on Russia’s oil sector.
Oil jumps on expected hit to China and India's Russian supplies
Oil extended gains for a third session on Monday, with Brent crude rising above $80 a barrel to its highest in more than four months, driven by wider U.S. sanctions on Russian oil and the expected effects on exports to top buyers India and China.
China, India seek new supplies as US sanctions tighten grip on Russian oil
Chinese and Indian refiners are seeking alternative fuel supplies as they adapt to severe new U.S. sanctions on Russian producers and tankers that are designed to curb the revenues of the world's second-largest oil exporter.
Al Jazeera on MSN7h
Russia ‘prepared for any scenario’ on Ukraine war as Trump presidency nears
The US president-elect has promised to end the conflict in Ukraine but the Kremlin has not endorsed any tentative plans.
Sullivan claims Biden admin leaves Russia, China and Iran 'weaker,' America 'safer' before Trump handoff
Biden National Security Advisor Jake Sullivan claimed that the United States is in a "stronger, more secure position" than ...
The US is tightening its grip on one of the key pillars of Russia's economy
Oil and gas revenue is expected to account for around 27% of Russia's federal revenue in 2025, according to a draft budget ...
China-Russia 2024 trade value hits record high - Chinese customs
The value of China's imports and exports with Russia reached 1.74 trillion yuan ($237 billion) in 2024, a record high, ...
U.S. Imposes New Sanctions to Squeeze Russia’s Energy Sector
The Biden administration is cracking down on the Russian “shadow fleet” and taking steps to curb oil and gas production.
US and UK will target Russia’s energy sector with new sanctions as Biden prepares to leave office
Biden administration officials say the sanctions are being imposed now because they are not likely to add to inflation ...
US, UK Unveil Widespread Sanctions Against Russia's Energy Sector
The United States and Britain on Friday announced sanctions against Russia's energy sector, including oil giant Gazprom Neft, ...
AFP on MSN4h
Russia accuses Ukraine of 'energy terrorism' over alleged TurkStream pipeline strike
Moscow accused Kyiv Monday of carrying out a campaign of "energy terrorism" after what the Kremlin described as a failed ...
New US Sanctions Take 'Sweeping Action' Against Russia's Energy Sector
The new sanctions target "Russia's key source of revenue" for funding its war against Ukraine, Treasury Secretary Yellen said.
China saw record trade with Russia in 2024: customs data
China-Russia trade hits record high at $244.8 billion in 2024, amid deepening political ties and Western sanctions.
Biden administration sanctions Russia’s oil giants and tanker fleet
The White House, now unconcerned about the effect on gas prices and inflation, blacklisted two of Russia’s biggest oil ...