Efforts by the US to ramp up enforcement of the G7-led $60/b price cap on Russian seaborne crude exports may disrupt the delicate dance in which the US is trying to reduce the flow of money to Russia without losing the flow of Russian oil supplies to the market, analysts say.Platt's...
Ukrainian President Volodymyr Zelenskyy, on Monday, called for "boycotts" of Russian oil imports to the U.S. and European countries. Russian oil exports account for about one-third of Europe’s oil imports, however, for the United States, Russian exports are just under 10% of U.S. overal...
Shell to stop buying Russian crude oil UK-Dutch petroleum giant Shell announced on Tuesday its intention to gradually withdraw from all oil and gas projects in Russia, adding it will stop all spot purchases of Russian oil as a first step. "Shell plc (Shell) today announced its intent to wi...
A month ago, oil was selling for about $90 a barrel. Now, prices are surging around $130 a barrel as buyers shun Russian crude. Refiners had already feared being left with oil they couldn't resell if sanctions were imposed. Shell said Tuesdaythat it would stop buying Russian oil and nat...
Shell said Tuesday that it would stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations there, days after Ukraine’s foreign minister criticized the energy giant for continuing to buy Russian oil. Energy analysts warn that prices could go ...
US sanctions on a handful of tankers engaged in the Russian oil trade appear to have placed several of the ships in limbo, highlighting the scope such measures have to disrupt Moscow’s sales of petroleum.
Meanwhile, as Europe eschews Russian oil and gas, India has doubled down on buying Russian oil at bargain prices — much to Washington’s chagrin. And India continues to place orders for Russian-made weapons. All this is a reminder that, a year into this war, condemnation of Russia is fa...
Japan has been buying Russian oil below the Western-imposed price cap of $60 a barrel, though Russian-sourced imports remain relatively small.
Shell to stop buying Russian oil and gas UK prime minister Boris Johnson’s government said it would phase out the import of Russian oil by the end of the year. Kwasi Kwarteng, UK business secretary, said the British government would organise an “orderly transition” away from Russian oil ...
“Oil tankers will simply not be able to carry Russian oil at all,” he wrote of the insurance ban. “The result will be a — potentially large — decrease in Russian oil exports. Yes, Russia will suffer a loss of revenues, but Europe and the US will probably suffer from a substantial...