Treasury Intensifies Sanctions Against Russia by Targeting Russia’s Oil …
Jan 10, 2025 · Established in September 2022, UAE-based Pratum Oil Trading LLC was the consignee for over 50 shipments of crude oil originating from Russia between August 2023 and April 2024. Established in June 2022, Hong Kong-based Sunrise X Trading Co Limited was the buyer of at least 30 shipments of Russia crude oil, with shipments totaling more than $800 ...
EIA forecasts lower oil price in 2025 amid significant market ...
5 days ago · We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, ... This forecast was completed before the United States issued additional sanctions targeting Russia’s oil sector on January 10, ...
Russian Oil Flows Stall as US Sanctions Start to Buffet Tankers
5 days ago · Russia’s seaborne crude exports saw their biggest drop since November last week after outgoing US President Joe Biden imposed sweeping sanctions on the country’s oil trade, with early signs ...
Q&A: How Will New US Sanctions Affect Russia’s Energy Sector?
Jan 16, 2025 · In the short term (1-2 months), sanctions could reduce Russia’s oil exports by 0.5 to 1 million barrels per day (bpd) and widen discounts for Urals crude (on FOB Primorsk and FOB Novorossiysk bases) to Brent (North Sea Dated), as happened at the beginning of 2023 following the introduction of the price cap, by $20 per barrel (up from $12 per ...
Russia's oil exports fell in 2024, but revenue rose $3.8 billion, IEA ...
Jan 15, 2025 · Russia's crude oil and oil products exports fell 350,000 barrels per day last year, though revenue from its exports rose 2% or $3.8 billion, the International Energy Agency said on Wednesday.
The Kremlin has never been richer – thanks to a US strategic partner
Feb 20, 2024 · Russia is entering its third year of war in Ukraine with an unprecedented amount of cash in government coffers, bolstered by a record $37 billion of crude oil sales to India last year,...
Russia faces higher costs on sea-borne oil exports due to new US ...
MOSCOW, Jan 13 (Reuters) - Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on ...
Russian crude oil tracker - Bruegel
Feb 12, 2024 · In 2021, Russia produced 540 million tonnes of crude oil, accounting for 13% of global production. Of this, 260 million tonnes were exported directly as crude oil, comprising 13% of global exports. Domestically, Russia refined the remaining 290 million tonnes of which 140 million tonnes were exported as refined products (11% of global refined ...
Phase Two of the Price Cap on Russian Oil: Two Years After Putin’s ...
Feb 23, 2024 · As 2022 progressed, global oil prices cooled and the assessed discount on Russian crude narrowed. G7 Finance Ministers committed to imposing a price cap in September 2022, and the discount returned to historically high levels in December when the crude oil cap and EU import embargo were implemented.
How global oil sanctions lowered Russian oil export prices
May 14, 2024 · When formal sanctions had taken effect in March 2023, Russian exports of Urals oil traded at an added discount of $32 per barrel relative to Brent crude.
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