89 m. ago Oil Steadies With Global Surplus and Russian Sanctions in Focus

Oil steadied as investors weighed the impact from an emerging surplus against US sanctions on Russia that have upended some crude flows.

Events

25 h. ago Trump Says He’d Back Bill to Sanction Russia’s Trading Partners

President Donald Trump said proposed Senate legislation to sanction countries conducting business with Russia would be “okay with me,” his strongest indication yet that he would support a monthslong push to strangle Moscow’s funding.

Events

3 d. ago Russia’s Arctic LNG 2 Cuts Gas Output Ahead of Winter Challenges

Russia’s sanctioned Arctic LNG 2 plant has started curbing gas production after reaching records in October, as the buildup of winter ice makes exports more challenging.

Other

3 d. ago Bulgaria Seizes Refinery Before US Sanctions Hit Russia’s Lukoil

Bulgaria seized control of Lukoil PJSC’s local refinery to head off a potential fuel crisis from US sanctions on the Russian oil firm.

Events

3 d. ago Sanctions Blight Arctic Route to China for Russia’s Oil Shippers

Russia’s oil shipments through the Arctic Ocean are encountering increasing delays because of US sanctions, a fresh example of how the measures are adding friction to Moscow’s energy trade.

Events

4 d. ago IEA Sees Big Downside Risks to Russia Oil Output From Sanctions

The International Energy Agency said there’s “considerable downside risk” to its outlook for Russian crude production from US sanctions, but held back from estimating the impact until it sees more details on enforcement.

Events

5 d. ago Canada announces new sanctions on Russia at G7 ministers’ meeting

The Russian attacks have brought rolling blackouts to Ukraine as winter approaches and U.S.-led diplomatic efforts remain at a standstill.

Politics

6 d. ago Railways says rock slide may have caused B.C. derailment that spilled jet fuel

SAVONA, BRITISH COLUMBIA — Rail operator Canadian Pacific Kansas City says a rock slide may be partially to blame for a derailment near Kamloops, B.C., that resulted in the spill of more than 70,000 litres of jet fuel alongside a local lake. CPKC Indigenous relations and government affairs director Mike LoVecchio said during a public […]

Transport

1 week ago Orban Dangles Energy Deals to Sway Trump on Russia Oil Sanctions

Viktor Orban expected a political boon and a flood of investments after Donald Trump was re-elected to the US presidency. A year later, the Hungarian prime minister is going to the White House with cap in hand.

Events

1 week ago Russia’s Crude Deliveries Plunge as US Sanctions Begin to Bite

The amount of Russian oil held on tankers has risen by 8% since the start of September

Events

2 w. ago Turkey Lowers Oil Purchases From Russia as US Tightens Sanctions

Turkey’s oil refiners have started cutting their purchases of Russian crude after the US sanctioned Moscow’s top two oil producers and are instead seeking extra barrels from nations including Iraq, Libya, Saudi Arabia and Kazakhstan.

Events

2 w. ago Orban to press Trump for Hungary’s exemption from new US sanctions on Russian oil

BUDAPEST, Hungary (AP) — Hungarian Prime Minister Viktor Orban said Friday that he would try to persuade U.S. President Donald Trump to grant Hungary exemptions from Washington’s newly announced sanctions targeting Russian oil when he meets with the president next week. The Trump administration unveiled sanctions against Russia’s major state-affiliated oil firms Rosneft and Lukoil […]

Events

2 w. ago Russian snipers are using Canadian rifles, despite sanctions

Despite sanctions, made-in-Canada long-range firearms are turning up in Russia.

Events

2 w. ago Diesel Surges on Double Whammy of Sanctions and Refinery Outages

Europe’s diesel market is soaring as a combination of new sanctions on Russia and refinery outages threaten supplies.

Events

2 w. ago Europe Diesel and Jet Fuel Imports Jump as Traders Brace for Russia Sanctions

Europe’s imports of diesel and jet fuel are on course for a record-breaking month, as traders gear up for the winter and a clampdown on petroleum products made with Russian crude.

Economics

2 w. ago India State Refiners Weigh Up Russia Oil Options After Sanctions

India’s state-run refiners are considering whether they can continue to take some discounted Russian oil cargoes by leaning on small suppliers instead of energy giants Rosneft PJSC and Lukoil PJSC, both blacklisted by the US last week.

Events

3 w. ago Oil glut will ‘moderate’ prices after recent gains, Birol says

Crude prices jumped last week after fresh U.S. sanctions on Russia’s producers triggered concerns over physical flows

Economics

3 w. ago Trump Sanctions Look to Tighten the Screw on Russia’s Oil Income

The move against Rosneft and Lukoil is designed to choke off Kremlin revenues without causing a spike in global prices.

Events

3 w. ago India’s Reliance Snaps Up Middle East Oil After Russia Sanctions

India’s Reliance Industries Ltd. has bought millions of barrels of crude from the Middle East and US after Washington sanctioned two Russian producers, raising concerns about a disruption to oil flows.

Events

3 w. ago Putin deplores U.S. sanctions as ’unfriendly’ while EU hits Russia with its own

BRUSSELS — The European Union on Thursday heaped more economic sanctions on Russia, adding to U.S. President Donald Trump’s new punitive measures the previous day against the Russian oil industry. Russian President Vladimir Putin called Washington’s move an “unfriendly act” that could backfire by spiking global oil prices. The American and European sanctions are intended […]

Politics