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.
Indian Oil Corp issues sour crude tender after latest Russia sanctions, sources say
Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday.
Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian ...
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine ...
Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector, with ...
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...
Scott Bessent, tapped by Donald Trump to be treasury secretary, faced sharp questions from Democrats and Republicans on tax ...
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