European oil sanctions are due to come into force on December 5. The idea is to reduce Russia’s oil revenues given its war in Ukraine. Andrei Rudakov | Bloomberg | Getty Images Upcoming sanctions on Russian oil could be “really disruptive” for energy markets if European countries fail to set a cap on prices, analysts …
Destroyed apartments in the Ukrainian town of Lyman on November 27.Metin Aktas/Anadolu Agency via Getty Images During the Ukrainian counteroffensive this fall, Ukrainian troops surrounded the town of Lyman. Lyman is an important hub in eastern Ukraine, and a larger Russian force was trapped there. Russian troops at Lyman and those that withdrew suffered heavy …
The European Union again on Friday failed to reach an agreement over a cap on Russian oil prices, with the bloc’s easternmost members, including Poland, Estonia, Latvia and Lithuania, objecting that the proposed price of $60-70 a barrel for Russian crude is too generous and way above the rates that Russia currently sells crude. European …
China and India buy Russian crude at a 40% discount | OilPrice.com Read More »
The European Union again on Friday failed to reach an agreement over a cap on Russian oil prices, with the bloc’s easternmost members, including Poland, Estonia, Latvia and Lithuania, objecting that the proposed price of $60-70 a barrel for Russian crude is too generous and way above the rates that Russia currently sells crude. European …
China and India buy Russian crude at a 40% discount | OilPrice.com Read More »
The day after Vladimir Putin announced a massive mobilization of his troops in Ukraine, men across Russia set to work finding already pending conscription notices, ordering them to the offices of recruitment. In the evening, the wives arrived at the places of work, in search of their husbands. “We had to give them something to …
‘They caught whoever they could’: Putin’s plan puts more pressure on Russian companies Read More »
Europe is importing a record amount of Russian gas transported by sea, showing how the region has not completely shaken off its dependence on the country for crucial fuel, even as flows through pipelines slow down. are practically stopped. Imports of Russian liquefied natural gas, which is usually transported on large tankers, increased by more …
European imports of Russian maritime gas hit record high Read More »
NEW YORK, Nov 28 (Reuters) – The global oil market is signaling a potential shift as traders and analysts worry about falling demand for crude and a surplus market in the coming months. After months of strength, crude futures are flirting with all-year lows as major oil consumer China enters additional COVID-19-related lockdowns while central …
Global oil market signals near-term weakness ahead of EU embargo on Russian oil Read More »
Brussels is rushing to finalize the proposed price cap for Russian oil shipments in the coming days after EU governments clashed over the level of the cap and whether to tie it to a series of more sanctions wide. The EU struggled to settle its differences over the weekend as it tried to stay ahead …
EU in race to settle differences over Russian oil price cap level Read More »
A complex effort by Ukraine’s allies to deprive Russia of billions of dollars in oil revenue by capping the price paid for its crude is coming to a head this week. European Union diplomats will meet on Wednesday to try to set the price after talks with the United States and other Group of 7 …
Ukraine’s allies set to impose cap on Russian oil price Read More »
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