Russia has growing problems exporting its oil as the latest sanctions hit the “shadow fleet” hard. Russian tankers have used various tactics to circumvent restrictions and deliver Russian oil while concealing its source. But now the “shadow fleet” consisting of about 1,300 ships is face... #Oilexport #OilTankers #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia
Russia’s largest sponsor in its war against Ukraine bought a record amount of Russian oil but reduced its coal imports. China increased its crude oil imports from Russia in 2024 by 1% compared to 2023 to a record level. Imports from Russia amounted to 108.5 million tons, equivalent to 2.17 million barrels per day. Seab... #China #Oilexport #Russiancoal #RussianCrudeOil #RussianOil
Ukraine will continue to transit Russian oil to the EU until the end of 2029, helping to fund the Kremlin’s war machine. Ukraine will fulfill its obligations regarding the transit of Russian oil to Europe until the current contracts expire at the end of 2029 because this concerns bilateral relations with European countr... #DruzhbaPipeline #Oilexport #RussianOilExport #RussianOilForEU
Moscow still receives huge revenues from energy exports, despite restrictions from the West. Russia is still selling its oil at much higher prices than the $60 per barrel mandated by the G7 countries due to strong demand from China and India, Politico writes. It is noted that the West’s... #Oilexport #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
The US is developing a plan to reduce Russia’s income from oil exports. According to Bloomberg, the United States is developing a plan to limit the Kremlin’s oil export income by setting maximum prices for Russian resources. US officials are concerned that EU sancti... #Oilexport #RussianOil
Europe faces new interruptions in the supply of oil. The Caspian Pipeline Consortium (CPC), which supplies oil from Kazakhstan via Russia to global markets, has announced the suspension of exports from two of its three oil loading docks. According to th... #Oilexport #OilProduction #supplyofoil
Canada will stop importing oil from Russia. Canada will completely abandon the purchase of Russian oil due to Russia’s invasion of Ukraine, stated by the Prime Minister of Canada, Justin Trudeau. “Today, we announce our intention ... #CanadaImportfromRussia #Oilexport #OilfromRussia
