Tag

Oil Exports

All articles tagged with #oil exports

world1 month ago•47 min saved

Urals Oil Backlog Grows as Tankers Idle and Exports Falter

Russia shipped about 3.42 million barrels per day of Urals crude in the four weeks to Jan. 11, but is struggling to offload, leaving at least 12 tankers idle off Oman and more waiting near China; export value fell to around $950 million per week as prices declined for a 15th straight week. Most Murmansk shipments now head to China, while Indian buyers are shunning sanctioned Russian barrels, complicating Moscow’s export rebound. The White House is pursuing sanctions on buyers of cheap Russian oil, and flows are further affected by drone attacks in the Black Sea and weather disruptions at Kozmino. Russia’s oil production also fell in December, underscoring a faltering export picture.

via Bloomberg.com|

#india #oil-exports #sanctions

world2 months ago•4 min saved

Regional Leaders Call for UN Action to De-escalate US-Venezuela Tensions

Regional leaders and international organizations are calling for calm amid escalating US-Venezuela tensions over oil exports, with the US threatening a full blockade and deploying military assets, while Venezuela's government and Latin American leaders urge dialogue and caution to prevent conflict.

via Al Jazeera|

#international-law #maduro #oil-exports

world3 months ago•2 min saved

US Sanctions Hit Russia's Oil Exports, Impacting Global Markets

Russia's seaborne crude oil exports have sharply declined, the largest weekly drop since January 2024, following US sanctions on major Russian oil companies, leading to increased oil storage at sea and reduced exports to key buyers like India, China, and Turkey, amid broader geopolitical tensions and Europe's ongoing efforts to phase out Russian fossil fuels.

via The Kyiv Independent|

#energy-transition #oil-exports #russia

business3 months ago•6 min saved

US Sanctions and Conflicts Significantly Impact Russia's Oil Exports and Global Oil Markets

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.

via Bloomberg|

#business #crude-oil #oil-exports

world4 months ago•2 min saved

Ukraine's Drone Attacks Boost Russian Oil Exports and Freight Rates

Ukrainian drone attacks on Russian oil refineries have reduced domestic processing capacity and caused a surge in Russia's crude exports, with at least 28 attacks since August impacting refinery operations and leading to increased seaborne crude sales, despite some infrastructure limitations.

via Bloomberg.com|

#drone-attacks #oil-exports #refineries

world5 months ago•3 min saved

Iraq Resumes Kurdish Oil Exports Amid US and Regional Reactions

Iraq has resumed Kurdish oil exports to Turkiye after a 2.5-year halt, following an agreement between Baghdad, the Kurdistan regional government, and international oil companies, allowing about 180,000 to 190,000 barrels per day to be exported through the Ceyhan port, aiming to boost Iraq's oil revenues and stabilize regional relations.

via Al Jazeera|

#iraq #kurdistan #oil-exports

world5 months ago•1 min saved

Ukraine escalates strikes on Russian oil infrastructure amid energy tensions

Ukraine launched deep drone strikes on Russian energy infrastructure, targeting refineries and storage facilities, as part of an ongoing escalation in the energy conflict. Despite these attacks, Russia's oil exports increased in August, demonstrating resilience in maintaining export flows despite sanctions and revenue declines. Kyiv plans to continue its drone operations against Russian energy assets, while Moscow adapts to sanctions and price caps, highlighting the ongoing tension in the energy war.

via Crude Oil Prices Today | OilPrice.com|

#drone-attacks #energy-war #oil-exports

world6 months ago•6 min saved

US Expands Sanctions on Iranian Oil and Shipping Networks

The U.S. Treasury has imposed new sanctions targeting Iranian oil exports and the shadow fleet involved in illicit transportation, aiming to cut Iran's revenue used for supporting terrorism and weapons programs by targeting key individuals and vessels, including Greek national Antonios Margaritis and several shipping companies.

via U.S. Department of the Treasury (.gov)|

#iran #oil-exports #sanctions

world6 months ago•3 min saved

Ukraine Disrupts Russia’s Druzhba Oil Pipeline Amid Tensions with Europe

Ukraine has fully halted the operation of the Druzba pipeline, Russia's major oil export route to Europe, following a Ukrainian drone strike that disabled a key pumping station, significantly impacting Russia's fuel exports to the EU, especially Hungary and Slovakia.

via Euromaidan Press|

#drone-attack #druzba-pipeline #oil-exports

world8 months ago•3 min saved

Russia and China Advance in Global Energy Strategies

Russian oil executive Igor Sechin stated that China is striving for complete energy independence and could become a major energy exporter in the future, driven by increased electricity demand and investments in renewable and nuclear energy, which may impact global oil markets. Sechin also discussed geopolitical and economic factors influencing energy and global power dynamics.

via Reuters|

#china #energy-independence #oil-exports

business8 months ago•2 min saved

Oil Prices Could Surge to $78 Amid Iran Conflict and U.S. Tensions

Citibank warns that escalating Iran-Israel hostilities could raise Brent oil prices to $75-$78 per barrel if 1.1 million barrels per day of Iranian exports are disrupted, with potential for even higher prices in a broader regional conflict. Prices are already rising amid geopolitical tensions, and other analysts suggest that a wider conflict could push prices to $120-$130 per barrel, though some supply sources may offset disruptions.

via Reuters|

#brent-crude #business #geopolitical-risk

international-politics1 year ago•2 min saved

Trump's Renewed 'Maximum Pressure' Strategy Targets Iran's Economy

The Trump administration plans to reinstate its 'maximum pressure' strategy on Iran by imposing stricter sanctions, particularly targeting Iran's oil exports, to cripple its economy and force nuclear negotiations. The strategy aims to reduce Iran's oil exports significantly, impacting its financial stability. However, Iranian officials have rejected negotiations under coercion, warning that repeating past policies would fail. The report also notes security risks and legislative efforts to impose secondary sanctions on entities buying Iranian oil.

via The Jerusalem Post|

#donald-trump #international-politics #iran

international-politics1 year ago•4 min saved

EU Intensifies Crackdown on Russia's Shadow Fleet with New Sanctions

The European Parliament is set to vote on measures targeting Russia's shadow fleet, aiming to impose sanctions on vessels and entities involved in transporting Russian oil. The measures include banning Western vessels from transporting Russian oil, requiring proof of insurance for ships in EU waters, and enhancing monitoring of ship activities. The initiative follows the UK's crackdown on tankers with dubious insurance in the English Channel and calls for international cooperation to enforce oil price caps and prevent illegal maritime operations by the shadow fleet.

via Splash 247|

#european-parliament #international-politics #oil-exports

energy1 year ago•1 min saved

"Iran's Oil Exports Surge Despite Impending Sanctions"

Iran's crude oil exports have reached a six-year high, with most of the oil being sent to China, earning Tehran around $35 billion. The Biden administration is considering new sanctions against Iran, but analysts suggest that tightening the sanctions could lead to increased oil prices, which the administration may want to avoid in an election year. Additionally, heavy-handed action against Iran's oil exports could strain relations with China, which is a major importer of Iranian crude.

via OilPrice.com|

#biden-administration #china #energy

international-relations1 year ago•5 min saved

"U.S. Considers New Sanctions on Iran Following Israel Attack"

The Biden administration is unlikely to significantly increase sanctions on Iran's oil exports despite pressure from House Republicans following Iran's missile and drone strike on Israel, as doing so could raise oil prices, anger China, and escalate regional tensions. Enforcing existing sanctions has proven challenging, and the administration is wary of taking actions that could impact gasoline prices, especially during an election year. Aggressively enforcing sanctions could also strain U.S.-China relations, as China is the biggest buyer of Iranian oil.

via Reuters|

#biden-administration #china #international-relations