Russian oil freight rates soar on sanctions-driven tanker shortage
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.
US sanctions hit Russian oil supply to India
The wide-ranging sanctions imposed by the US on the Russian oil sector have started to dent near-term oil flows to India with state-owned Bharat Petroleum Corporation Ltd (BPCL) saying not enough cargoes are available for March.
India Ups Efforts To Seek Alternatives To Russian Oil
Following Russia's invasion of Ukraine in 2022, India became a major buyer of Russian crude oil that was widely sanctioned by the West. That may be about to change.
India's BPCL sees March Russian oil intake down 20% as it awaits offers
India's state-run refiner Bharat Petroleum Corp sees its Russian oil processing down to 20% in March from 31% this month as it awaits offers from traders, its head of finance Vetsa Ramakrishna Gupta told an analyst call on Thursday.
Middlemen Have Halted Russian Oil Cargo Offers After US Sanctions, Indian Refiner Says
Middlemen supplying Russian oil are not offering cargoes due to new U.S. sanctions targeting Russian producers, tankers and insurers, according to the finance chief at Indian refiner Bharat Petroleum.
Why Indian refiners can’t access Russian oil cargoes
The recent implementation of new US sanctions targeting Russian oil producers, tankers, and insurers has created a disruption in the supply chain. Middlemen who were previously involved in supplying Russian oil to Indian refiners,
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Russian energy giant Gazprom complains of lack of money and demands to raise gas prices for Russians
Gas prices in Russia do not meet Gazprom’s needs for implementing investment projects, stated Aleksei Sakharov, head of Gazprom’s strategic division, during a meeting of the Expert Council under the ...
Gazprom seeks to raise Russia's domestic gas prices, Interfax reports
Russian gas giant Gazprom , squeezed by plunging sales abroad as the Ukraine conflict prompts European buyers to turn away, ...
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Gas prices in Russia must ensure financing of industrial investment projects - Gazprom
Gazprom's proposals align with the key objectives set out in Russia's Energy Security Doctrine, which according to the law on strategic planning in the Russian Federation must be taken into account ...
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Gazprom, Russia's energy giant, is discussing a 40% cut to its HQ staff as the war keeps Moscow cut off from Western customers
Russian energy giant Gazprom is considering a 40% cut to its headquarters staff after posting its first loss in 24 years, ...
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Russian gas giant Gazprom prepares mass layoffs in senior positions, Russian media says
Details: A company spokesman confirmed the authenticity of the letter to the publication. It says that over the past 20 years, Gazprom's administration has increased several times, reaching more ...
Russia's Gazprom Plans HQ Job Cuts After Loss Of EU Market
Russia's Gazprom is considering cutting hundreds of administrative jobs, a company spokesman confirmed to AFP on Monday, as the gas producer reels amid the loss of key exports to Europe.
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Russian LNG Shipment Lands in Spain After New US Sanctions
A liquefied natural gas tanker, carrying a shipment from a Russian project sanctioned last week by the US, landed in Spain, ...
Ratcheting up sanctions on Russian oil may be the key to Trump's plan to end the war in Ukraine
"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.
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Moldovan PM says Russian troops must leave Transnistria to resolve energy crisis
DAVOS: Moldova’s prime minister said on Wednesday the international community is ready to offer gas to end the energy crisis in Transnistria but a lasting solution hinges on Russia withdrawing its ...