India is buying lots of crude oil from Russia. Who really benefits?
Indian oil refineries are financing Putin's war against Ukraine – and certain Western sanctions are having a dangerous side effect.
Russian Oil Sanctions Mean Mideast Crude Is Strongest in Years
The rush to buy replacement cargoes for sanctioned Russian oil has pushed Middle Eastern crude prices to an unusual premium to the global benchmark.
Russia oil sanctions create different winners at different times
The crude oil market is adapting quickly to the new sanctions against Russia's shadow fleet of tankers, albeit by creating both short- and medium-term winners and losers.
Russia defies US sanctions, sends sanctioned oil tankers to India
Russia has continued to send cargoes of crude oil to India on tankers that have been sanctioned by the US, Bloomberg reported on Tuesday.
Russia Set to Test New Delhi’s Nerve by Sending Sanctioned Oil and Tankers to India
Russia is sending cargoes of sanctioned oil to India on tankers that have been blacklisted by the US Treasury — setting up an acid test of Moscow's ability to get around aggressive measures imposed by Washington earlier this month.
Sanctions tighten grip on Russian oil, pushing China and India away
As reported by Reuters, these sanctions have already had tangible effects. The main recipients of Russian oil, China and India, have suspended purchases from Russia because the de
China and India stop trading in Russian oil because of US sanctions, Reuters reports
China and India have stopped trading in Russian oil as US sanctions have caused a sharp rise in tariffs for tanker freight. Source: Reuters Details: According to traders and shipping companies, the trade in Russian oil that was loaded in March has stopped in Asia as a large price gap between buyers and sellers has emerged in China.
Russia's Feb oil exports from western ports seen down 8% m/m as sanctions bite
Russia's crude oil exports from its western ports in February are set to fall by 8% versus January's plan as Moscow increases ...
Crude Oil Prices2d
Russian Crude Refining Surging After U.S. Sanctions
Russian refineries are processing more crude oil in the hope of boosting fuel exports after the Biden administration imposed ...
Russia’s Crude Exports Fairly Stable Despite U.S. Sanctions, Goldman Says
Oil edged lower in early trade as Goldman Sachs said the latest round of U.S. sanctions against Russia haven’t had a significant impact on the country’s oil exports.
Exclusive-Russian oil refining rises as US sanctions target crude exports - sources
Russian refineries are processing more crude oil in the hope of boosting fuel exports after new U.S. sanctions on Russian ...
Crude Oil Prices2d
Russia’s Total Crude Oil Exports Dipped by 2.2% in 2024
Russia's overall crude oil exports fell in 2024 despite increased shipments to China as Western sanctions forced a shift in export routes.
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UAE likely to hike fuel costs amid global oil uncertainty: Will petrol prices in India rise?
Since the deregulation of petrol prices in 2015, the UAE has aligned its fuel prices with global oil price shifts. January ...
Oil prices settle down as US stockpile grows, tariffs still in focus
Oil prices fell on Wednesday, with the U.S. benchmark settling at its lowest year to date, after domestic crude stockpiles in ...