You Searched For "embargo" and got 20 results
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1 min read
Russian oil production is rebounding and will continue to increase as shunned supplies may find indirect route to Europe, Kremlin says
Output increased by 200,000-300,000 barrels per day in May after declining by 1 million barrels per…
Brian Evans
1 min read
Russia will likely be shut out permanently from global energy markets, top oil execs say
"What has happened is so shocking ... that I think they will not be lulled into complacency around …
Phil Rosen
1 min read
Russia is earning $20 billion per month in oil sales as higher crude prices lift export revenue 50%, says IEA
In April, Russian oil exports climbed by 620,000 barrels per day from the prior month to 8.1 millio…
Brian Evans
1 min read
Saudi Arabia warns that the world is running out of energy capacity: 'I have never seen these things'
"The world is running out of energy capacity at all levels," said Saudi Oil Minister Prince Abdulaz…
Phil Rosen
2 mins read
An EU ban on Russian oil would be a 'seismic shift' that erases 3 million barrels a day from the market, a top forecaster says
Russia will try to ramp up its sales to Asia to compensate but will struggle due to infrastructure …
Harry Robertson
2 mins read
3 experts break down why Russia is set to lose its status as a top global oil power under an EU embargo: 'It could surely cripple the Russian oil and gas industry'
An embargo "definitely undermines Russian status as it limits the flow of funding to Russia, making…
Phil Rosen
2 mins read
Hungary says an EU ban on Russian oil would be a 'nuclear bomb' for its economy, as it derails embargo plans
Hungarian Prime Minister Viktor Orban is demanding the EU gives the country five years to pivot awa…
Harry Robertson
1 min read
This chart explains why Moscow could turn to China to ramp up oil imports after an EU embargo
China has at least 83 million barrels of spare inventory capacity that could be filled with Russian…
Phil Rosen
1 min read
Austria is years away from cutting off Russian natural gas and must face 'uncomfortable truths,' top energy official says
"It will be a huge effort, and we have to be upfront that it will take time," said Austrian Energy …
Brian Evans
2 mins read
Japan and the UK thrash out plans to cut Asia's reliance on Russian oil, as sanction-hit Moscow hunts for new buyers
Russia is increasingly looking to export its oil to Asia, as Western buyers shun supplies from the …
Harry Robertson
1 min read
Moscow stopped sending gas to Poland, but Italy and France are plugging the gap with rerouted Russian supplies, says Gazprom
A Gazprom spokesperson said buyers in Italy and France are ordering Russian gas and sending it to P…
Phil Rosen
2 mins read
Germany warns a Russian oil ban will harm Europe's economy, even as it backs an embargo
EU member states are currently debating a ban on Russian oil imports, which could cut off vital fun…
Harry Robertson
3 mins read
Expect as much as 2 million barrels a day of Russian crude to vanish from the market in May as sanctions kick in, BP boss says
Existing sanctions will probably eliminate another 1 million barrels a day, BP's CEO has said, as t…
Karen Friar
1 min read
The EU is set to propose a Russian oil embargo, but Putin ally Hungary pushes back: 'It makes no sense'
"It makes no sense for the commission to propose sanctions affecting natural gas and crude oil that…
Phil Rosen
1 min read
Russia estimates its oil output could fall as much as 17% this year, signaling worst crash since the 1990s, report says
Russia's economy ministry estimated oil production at 433.8 million to 475.3 million tonnes this ye…
Brian Evans
3 mins read
A ban on Russian crude is the EU's easiest choice from a bunch of hard sanctions options, an influential energy markets historian says
"The hardest thing, of course, is natural gas," Dan Yergin said about the EU's options for fresh sa…
Shalini Nagarajan
3 mins read
Brent crude rallies to top $100 after an IEA warning about a Russian supply shortfall
Oil prices rose to top $100 a barrel Thursday after the IEA warned a coming fall in Russian supply …
Karen Friar
1 min read
Russian oil exports to Europe hit 4-month high as embargo looms while demand from Asia continues to drop
Oil flows hit 3.41 million barrels per day for the tracking period ending August 19, the highest si…
Brian Evans
1 min read
US oil exports to Europe continue to surge as the EU nears a full embargo on Russian crude
The US sent 48.8 million barrels to Europe last month from major terminals in Texas and Louisiana, …
Phil Rosen
1 min read
'A cornered Putin' isn't done with economic retaliation and could cut oil exports to Europe before embargo kicks in, RBC Capital's Helima Croft says
"A cornered Putin is a very dangerous Putin, and we should prepare for very destabilizing, escalato…