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Russian oil flows are sidestepping sanctions and trading above the G-7 price cap all over the world

Bloomberg reported that Urals grade crude is selling at around $75 a barrel, exceeding the G7 natio…

Yuheng Zhan   


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2 mins read

China is on pace to buy a record amount of Russian oil this month

China is expected to import 1.7 million barrels of Russian crude a day, taking over Indian demand, …

Filip De Mott   


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Indian refineries are completely refusing oil from a key Russian shipping giant

Indian refineries are rejecting oil cargo carried by Sovcomflot, a Russian tanker firm that's been …

Filip De Mott   


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US oil suppliers are getting a boost from Russian sanctions as India looks to buy more from them

India imported an estimated 7.6 million of US barrels in March, a significant increase from the 3 m…

Filip De Mott   


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India is buying the most US oil in almost a year as sanctions on Russian energy bite

Indian refiners see more WTI Midland crude oil being used in the country in coming months, sources …

Yuheng Zhan   


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Indian oil firms are reportedly backing away from long-term deals for Russian oil amid tough sanctions

The largest refiners in India had been in discussions with Rosneft to receive a third of the countr…

Yuheng Zhan   


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US sanctions push a key Turkish oil terminal to halt Russian imports

The Dortyol terminal, operated by Global Terminal Services, decided to "cut all possible connection…

Aruni Soni   


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2 mins read

Russia saw its oil revenue double in April despite Western sanctions

Strong global demand and supply fears driven by geopolitical risks have helped bolster Russia's ene…

Yuheng Zhan   


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2 mins read

India imported 420,000 fewer barrels of Russian oil a day in February amid tightening sanctions

Weaker crude exports caused Russia's monthly energy revenue to slide by nearly 1% from January, the…

Filip De Mott   


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2 mins read

One type of Ukrainian drone is responsible for 80% of successful strikes on Russian oil refineries: report

Ukraine's Liutyi drone had an inauspicious start but is now behind 80% of successful strikes on Rus…

Mia Jankowicz   


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10 million barrels of Russian oil are stuck with nowhere to go

14 cargo tankers are stranded off the coast of South Korea, highlighting Russia's continued struggl…

Filip De Mott   


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2 mins read

Ukrainian attacks on Russian oil refineries may be proving the Biden administration wrong, experts say

Defense Secretary Lloyd Austin said in April that attacking Russian oil refineries risked impacting…

Nathan Rennolds   


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Russian energy giant Gazprom reported its first annual loss in 24 years amid Western sanctions

Sanctions and broader energy market factors weighed on profits. Shares of the energy giant saw thei…

Yuheng Zhan   


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Ukraine says it flew a drone 930 miles into Russian territory to strike an oil refinery

Ukraine says it executed its farthest drone strike yet, hitting a Russian oil refinery 930 miles aw…

Mia Jankowicz   


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IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption

The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.

Yuheng Zhan   


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More Russian oil ships have been floating at sea with nowhere to go amid sanctions pressure

Four ships with at least 3 million barrels of Russian oil were floating with no apparent destinatio…

Jennifer Sor   


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Stock market today: Record-setting rally stalls as Nvidia slides and economic data softens

The S&P 500 climbed above 5,500 for the first time before dropping back down. Nvidia's decline stem…

Max Adams,Matthew Fox   


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Spiking oil prices helped Russia energy-tax revenue double last month

The amount of tax that Russia collected on oil and gas rose by 90% on a year-over-year basis in Mar…

Filip De Mott   


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5 mins read

Ukraine is defying the US over strikes on Russian oil refineries. Experts say it's a necessary risk.

Ukraine continues to target Russian oil facilities despite reported US objections, with one militar…

Mia Jankowicz   


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5 million barrels of Russian oil on the way to India never arrived

It's unclear what prevented the crude deliveries from reaching India, but now the tankers are idlin…

Phil Rosen