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.
Oil prices settled lower on Friday but notched their fourth straight weekly gain, as the latest U.S. sanctions on Russian ...
Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. Read ...
Prices surged after the administration imposed what officials called "most significant sanctions yet on Russia's energy ...
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China ...
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...
State-run refiners plan to renew or enhance optional volumes under existing contracts, struck on a fiscal basis, despite ...
Oil prices moved lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions ...
Venezuela's oil production is rebounding as tanker ships return to its coast, yet Maduro's recent election is criticized for ...
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