Oil Tankers U-Turn and Buyers Go Elsewhere as Russia Sanctions Bite
On Jan. 10 the US Treasury’s Office of Foreign Assets Control sanctioned 161 tankers and traders involved in about 2,000 shipments since the invasion began. It also acted against Moscow-based ship insurers and two companies — Surgutneftgas and Gazpromneft — which in the first 10 months of last year accounted for almost 30% of Russia’s oil exports.
U.S. Sanctions Could Hit 1.5 Million Bpd of Russian Oil Exports
Many of the vessels transporting Russia’s oil from the Arctic and Far East Pacific fields and production clusters to Asia have now been sanctioned.
Global diesel prices spike as US hits Russia with new sanctions
Global diesel prices and refining margins spiked following the latest round of U.S. sanctions on Russia's oil trade on expectations the measures would tighten supplies, according to analysts and LSEG data.
Oil Set for Weekly Gains on Russia Sanctions Fears
Oil prices were on track for weekly gains of more than 2%, boosted by supply disruption concerns following the latest round of U.S. sanctions against Russia. Brent crude was up 0.3% at $81.59 a barrel,
Oil headed for weekly gain amid new energy sanctions on Russia
Oil prices edged higher on Friday and were headed for a weekly gain on supply concerns, as the US imposes new sanctions on Russia’s energy industry amid the war with Ukraine. Brent, the benchmark for two thirds of the world’s oil,
Oil gains for fourth-straight week on US sanctions
Oil prices closed lower on Friday but strengthened for a fourth-consecutive week, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions. Brent crude futures dipped 50 cents,
Ratcheting up sanctions on Russian oil may be the key to Trump's plan to end the war in Ukraine
"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.
Joe Biden Trump-Proofs Russia Sanctions in Parting Shot
In his final week in the White House, the president has made it much more difficult for his successor to undo Russian ...
Russia and Iran sign a partnership treaty to deepen their ties in the face of Western sanctions
The presidents of Russia and Iran have held talks in the Kremlin before the signing of a broad cooperation pact to deepen ...
No convictions for breaching sanctions on Russia
A law was introduced four years ago to allow the UK to convict those breaching the sanctions. However, in a letter to MPs, ...
SLB says its Russia business aligns with new US sanctions as revenue drops
Oilfield service provider SLB on Friday said its current business in Russia still aligns with U.S. sanctions issued this ...
US steps up Russia sanctions, placing threat of more sanctions on businesses partnering with Russia
The U.S. Treasury Department is expanding the web of sanctions on companies and institutions supporting Russia’s war efforts ...
Trump's Treasury Pick Bessent Calls for Stronger Sanctions on Russia Over Ukraine War
Scott Bessent, U.S. President-elect Donald Trump's nominee to be secretary of treasury, looks on as he sits near his son Cole ...
India Ups Efforts To Seek Alternatives To Russian Oil
Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by ...
Kyiv Independent on MSN2d
How Trump could use sanctions in negotiations with Russia
In the run-up to his departure from the White House, President Joe Biden has slapped a number of major new sanctions on ...
Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an ...