8 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

8 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

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

6 d. ago Most Indian Oil Refiners Skip Buying Russian Crude for December

India has scaled back purchases of Russian crude for arrival in December, showing that Western sanctions and trade talks with the US are having a major impact on buying patterns.

Other

1 week ago Mol Floats Shift Away From Russian Oil Before Orban Meets Trump

Hungary’s sole refiner said it can procure most of its crude from non-Russian sources, marking a shift in tone ahead of a high-stakes meeting between US President Donald Trump and Prime Minister Viktor Orban on Russian oil sanctions.

Other

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 Global oil glut spells Alberta sector belt tightening but relief at gas pumps

'If the U.S. really restricts access to Russian crude oil in the next year, well, suddenly, the market actually would be a lot stronger and prices would be higher'

Other

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 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 Lower US Tariffs to Offset India’s Russia Oil Shift, Nomura Says

India’s shift away from discounted Russian crude should be more than offset by gains from likely lower US tariffs, Nomura Holdings Inc. said Friday.

Economics

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 Chinese State Buyers Step Back From Russian Oil on Sanctions

Chinese state-owned companies including Sinopec canceled some purchases of seaborne Russian crude after the US blacklisted Rosneft PJSC and Lukoil PJSC, adding to signs of disruption in the oil market.

Events

3 w. ago Stocks Gain; Crude Oil Surges on Russia Sanctions: Markets Wrap

European stocks hovered near a record peak as third-quarter earnings continued to flow in. Crude oil jumped to a two-week high after US President Donald Trump imposed sanctions on Russia’s biggest producers.

Economics

3 w. ago Asian shares retreat and crude prices soar $2 after Trump sanctions Russian oil giants

MANILA, Philippines (AP) — Shares were mostly lower in Asia on Thursday following a retreat on Wall Street, while crude prices jumped more than $2 after U.S. President Donald Trump announced sanctions on Russian oil giants. The sanctions against Rosneft and Lukoil are intended to drive Russian President Vladimir Putin to the negotiating table and […]

Economics