10 h. 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

10 h. ago Oil Dips as Global Market Surplus and Russian Sanctions in Focus

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

Events

33 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

4 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

5 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

7 d. ago Race to Run Lukoil Assets Heats Up With Days to Sanctions Cutoff

Governments across Europe and the Middle East are rushing to ensure the sprawling oil operations of Russian energy giant Lukoil PJSC can keep running after the US Treasury sanctioned the company and then quashed a key bid for its assets last week.

Events

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 Middle East’s AI Champions Are Drawing Firepower From Oil Giants

Oil giants in the Middle East are taking a more direct role in using the region’s oldest resource to finance a multibillion-dollar bet on a new one: Artificial intelligence.

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

3 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

3 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