US to impose sanctions on Russian oil fleet and traders, document shows
The United States will impose some of the harshest sanctions yet on Russia's oil industry, according to a purported U.S. Treasury document circulating among traders in Europe and Asia that drove global oil prices 3% higher on Friday.
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
Oil prices jumped more than 4% on Friday, with global benchmark Brent breaking $80 per barrel for the first time since October on fears that tougher U.S. sanctions on Russia will disrupt crude supplies.
US to impose sanctions on Russian oil, Indian supplies may be hit
The sources said they understand that the new US sanctions would target more than 180 tankers shipping Russian oil and Russia-based maritime insurance service providers Ingosstrakh Insurance Company
US and UK toughen sanctions on Russian oil industry
The Biden administration has imposed some of its toughest sanctions yet on Russia, in a move designed to hit Moscow's energy revenue that is fuelling its war in Ukraine. The measures target more than 200 entities and individuals ranging from traders and officials to insurance companies,
US Imposes Farewell Sanctions on Russian Oil
Oil had a dramatic day as the US imposed its most aggressive sanctions on Russia’s industry and prices surpassed $80 a barrel. Brent futures at one point hit their highest mark since early October. The sweeping penalties are part of an effort by the outgoing Biden administration to boost Ukraine’s leverage in possible peace negotiations after Donald Trump takes office.
Oil Disaster Averted After Sabotaged Tanker Is Salvaged
The Greek-flagged, Sounion was first attacked on Aug. 21 with small arms, projectiles, and a drone boat by the Iran-backed ...
Exclusive: China's Shandong Port, entry point for most sanctioned oil, bans US-designated vessels
Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to ...
Russia’s Crude Shipments Tumble to the Lowest in 16 Months
Russia’s seaborne crude exports slumped to the lowest level since August 2023, with the latest dip stretching the loss since ...
Data suggests that Russian oil is coming to EU via India, despite sanctions
India has become one of the key global buyers of Russian crude oil. From there, large volumes of oil are being sent to Europe ...
Crude Oil Prices4d
Global Crude Exports Fall in 2024 for First Time Since Covid
Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Weaker oil demand growth in key consuming regions and reshuffled trade ...
Brent crude outlook bearish on oversupply, grim oil demand; 2025 average pegged at $74 after hitting $80 in 2024
Brent crude oil benchmark settled down around three per cent from its final 2023 closing price of $77.04, while US WTI was ...
China's Shandong Port, entry point for most sanctioned oil, bans US-designated vessels
Shandong Port Group has banned U.S.-sanctioned tankers from calling into its ports in the eastern Chinese province, home to ...
ThePrint3d
China’s Shandong Port, entry point for embargoed oil, bans entry of US-designated vessels
The eastern Chinese province is home to several independent refiners. In the last year, it imported about 1.74 million ...