US Sanctions and Conflicts Significantly Impact Russia's Oil Exports and Global Oil Markets
TL;DR Summary
Russia's seaborne crude shipments have sharply declined due to US sanctions, leading to increased oil at sea and reduced export revenues, with major buyers like China, India, and Turkey cutting back on purchases, though some believe the disruption may be temporary.
- Russia's Crude Deliveries Plunge as US Sanctions Begin to Bite Bloomberg
- Big Oil gets big boost from escalating economic war on Russia Reuters
- Chinese Refiners Cut Russian Oil Imports Ahead of New U.S. Sanctions – Bloomberg The Moscow Times
- Russia’s Oil Exports Plunge to Lowest Level in Months After US Sanctions UNITED24 Media
- Ukrainian strikes on Russian oil facilities, sanctions boost profits of major Western oil companies The Kyiv Independent
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