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2 mins read
A former Lukoil boss said an EU ban on Russian oil would bring the worst outcome for both sides
A former boss of Russia's second largest oil group said an EU ban would be "a shock for everyone. R…
Hamza Fareed Malik
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
2 mins read
The US has proposed that the EU apply tariffs on Russian oil to limit price rises
The tariff would come into place before the EU bans Russian oil by the end of the year and would er…
Hamza Fareed Malik
2 mins read
An oil trading company named Bellatrix is one of the under-the-radar firms that has taken over from the big names in shipping Russian crude
Major oil traders have shunned Russian oil after the invasion of Ukraine, paving the way for under-…
Hamza Fareed Malik
3 mins read
A European ban on Russian crude risks Moscow using the natural gas 'power tool' in its arsenal, Vortexa said
Russia is a major producer of energy and makes billions from its exports. The EU is its biggest cus…
Hamza Fareed Malik
2 mins read
Europe will ban insurance for Russian oil cargoes in the strongest blow yet to Putin's war machine, reports say
Russian oil exports to the rest of the world could tumble under the reported plans, with similar sa…
Harry Robertson
1 min read
The EU is considering price caps and tariffs on Russian oil imports to undercut the Kremlin's finances, report says
The measures have been proposed ahead of EU talks on further sanctions for Russia over its invasion…
Kate Duffy
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
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
3 mins read
Europe wants to ban Russian oil, but cutting off supplies is an economic and political nightmare
The European Union is finally seriously considering banning Russian oil, but the costs are likely t…
Harry Robertson
2 mins read
Russian oil production could drop 18% by 2023 as the EU imposes a ban on all seaborne imports, the EIA says
Russian oil production is set to hit an 18-year low by the end of next year as the EU tightens its …
Zahra Tayeb
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
3 mins read
Russia's raking in billions in oil revenue, but running out of buyers. Here are the ways the country could deal with its unwanted oil — and what it means for the energy market
The EU is about to ban Russian oil and traders everywhere are "self-sanctioning". The list of buyer…
Zahra Tayeb
1 min read
Ukraine official says Putin 'earns $1 billion a day from oil alone' as Zelenskyy lobbies without success for an embargo
Ukraine is calling for countries, especially in the EU, to stop buying Russia oil and gas, which gi…
Tom Porter
3 mins read
Russia could be suspended from OPEC's oil-output agreement. 4 experts lay out what that could mean for the price of oil and the wider energy market.
OPEC members discussed removing Russia from its monthly supply quota agreement, WSJ reported. Here'…
Zahra Tayeb
2 mins read
The US has super-sized its crude oil deliveries to Europe to help replace missing Russian supply
Supertankers will likely play an increasingly larger part in moving that crude from the US to Europ…
Hamza Fareed Malik
3 mins read
As Europe scrambles to ditch Russian oil, the US is shaping up to fill that gap, thanks to its ‘super suitable’ cheaper crude, Vortexa says
"The US will rank highly, that's natural, given its size, and its proximity and also the crude qual…
Hamza Fareed Malik
1 min read
Moscow says it will 'find other importers' after EU leaders agree to ban Russian oil
European Council President Charles Michel had said an agreement on a Russian oil ban would cut "a h…
Jake Epstein
3 mins read
Oil markets are heading for an 'insanely difficult' summer, with Russian production plunging under EU sanctions
Oil prices look set to soar even higher, as markets factor in a slump of 1 to 2 million barrels per…
Harry Robertson
2 mins read
European leaders reach an agreement on a Russian oil ban, a significant measure aimed at cracking down on Moscow
The ban will cut some 90% of oil imports from Russia to the EU by the end of 2022, the European Com…