Russia faces higher costs on sea-borne oil exports

Exclusive: Russia's 2024 seaborne oil product exports hit by headwinds, including drone attacks
Russia's seaborne oil product exports fell by 9.1% to 113.7 million metric tons last year as the country's oil refineries faced headwinds including Ukrainian drone attacks, an export ban, falling prices and higher input costs,
Russia’s seaborne oil exports decline 9.1% in 2024 amid Ukrainian drone attacks, Reuters reports
Ukraine has targeted Russia's fossil fuel infrastructure as part of its strategy to undermine a key funding source for Russia's war effort.
Dozens of tankers carrying Russian oil stopped after latest US sanctions
At least 65 oil tankers have anchored in various locations around the world, including off the coasts of China and Russia, since the US announced a new package of sanctions on January 10, Reuters reports.
Russia faces higher costs on sea-borne oil exports due to new US sanctions
Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders said on Monday.
U.S. Sanctions Stall Dozens of Russian Oil Tankers
At least 65 Russian oil tankers have been forced to anchor and suspend shipments following the imposition of the toughest U.S. sanctions yet on Russia’s oil and gas sector. The sanctions were announced on January 10,
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Russia’s Fuel Shipments Slumped by 9% in 2024
Russia's seaborne exports of refined oil products fell by 9.1% in 2024 due to drone attacks on refineries, export bans, and low processing rates.
Trump Team Readies Oil Sanctions Plan for Russia Deal, Iran Squeeze
Advisers to President-elect Donald Trump are crafting a wide-ranging sanctions strategy to facilitate a Russia-Ukraine ...
Oil Jumps on Fresh U.S. Sanctions Against Russia
A fresh wave of U.S. sanctions against Russia’s oil industry threatened to disrupt global supplies, sending crude prices to ...
India is staring at an ‘oil shock' as U.S. sanctions on Russian crude loom
India is now staring at the possibility of an oil shock after the U.S. decided to implement sweeping sanctions on Russia’s ...
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International Diesel Prices Surge After U.S. Sanctions on Russia
On January 10, the outgoing U.S. Administration imposed the most aggressive sanctions on Russia’s oil yet, designating two major Russian oil companies, Gazprom Neft and Surgutneftegas, as well as 183 ...
Oil producers rush to hedge as US sanctions on Russia send prices higher
Energy producers have rushed to lock in oil prices since the United States announced its harshest sanctions yet on Russian ...
Shadow fleet of tankers keeps Russia’s oil money flowing despite Western sanctions
The Group of Seven democracies have sought to crimp Russia’s oil export earnings that help fund the war against Ukraine.
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USA Ramps Up Pressure on Russia With Fresh Energy Sanctions
The main target of the sanctions, done in coordination with the UK, are major Russian energy companies — Gazprom Neft and ...
Crude prices jump as U.S. imposes sweeping sanctions against Russia oil industry
The U.S. Treasury Department is sanctioning Russian oil companies, tankers, officials and executives. Oil prices jumped on ...
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Top Asian oil buyers in turmoil after sweeping US sanctions on Russia’s oil industry
REFINERS, tanker operators, traders and port executives across Asia were scrambling on Monday (Jan 13) to manage the fallout ...
Biden admin imposes harsh sanctions on Russian oil industry to cut off funding for Ukraine war effort
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest ...