US sanctions seen costing Russia billions of dollars a month US official sees no danger of global crude oil shortage Circumventing sanctions could add costs to Russia\’s oil industry WASHINGTON/NEW DELHI/LONDON, Jan 10 (Reuters) – U.S. President Joe Biden\’s administration imposed its broadest package of sanctions so far targeting Russia\’s oil and gas revenues on […]
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The number of vessels hit by sanctions has surpassed 1,000 with data from S&P Global Market Intelligence showing that more 800 of these ships do not have confirmed insurance. Moreover, the average age of sanctioned ships – 21 years – is some eight years older than the global average, adding to growing concern that the […]
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The US on Friday announced the most sweeping and aggressive sanctions yet on Russia’s oil trade, just ten days before Joe Biden leaves the White House to be replaced by Donald Trump as president. If they stay in place under Trump, the measures have more chance of disrupting Russia’s exports of petroleum than anything done […]
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Western officials have told Indian companies to “carefully evaluate their exports” to Moscow to avoid being sanctioned Officials from the US and EU have urged Indian exporters to evaluate their trade with Russia carefully to ensure compliance with their sanctions, according to a report by the Hindu Business Line. The outlet’s sources said that […]
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Aleksandar Vucic has vowed to protect Serbia’s energy security following talks with a top US energy official Serbian President Aleksandar Vucic has acknowledged forthcoming challenges regarding potential US sanctions against Naftna Industrija Srbije (NIS), a key energy company in Serbia co-owned by Russian energy giant Gazprom. Following talks with US Under Secretary for Economic Growth, […]
Continue ReadingDaily Standup Top Stories US DOE releases LNG export study December 18, 2024 Mariel Alumit The Biden administration said in January it will pause pending decisions on exports of LNG to non-FTA countries until DOE can update the underlying analyses for authorizations. According to DOE, this multi-volume study updates DOE’s understanding of […] Russia continues to ship oil directly […]
Continue ReadingDaily Standup Top Stories Electrifying Everything Means Higher Energy Costs For Consumers. These DOE Numbers Prove It (Again) October 20, 2024 Stu Turley ENB Pub Note: Robert Bryce has been on the ENB podcast and the Energy Realities and we highly recommend you subscribe to his Substack Here: https://robertbryce.substack.com/ Last year, Stacey Abrams, a prominent Democrat […]
Continue ReadingDaily Standup Top Stories Russia Ramps Up Arctic Oil Tanker Shipping to a New Record September 25, 2024 Stu Turley 15 oil tankers have crossed the Arctic waters so far this year With a month to go that already exceeds last year’s total Russia has already dispatched a record amount of oil through its section […] EU, […]
Continue ReadingDaily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders and national oil companies. Saudi Aramco, ADNOC, Trafigura, and other major players are in the race to acquire Shell’s […] Trump pledges […]
Continue ReadingDaily Standup Top Stories Biomass power station produced four times emissions of UK coal plant, says report August 9, 2024 Mariel Alumit The Drax power station was responsible for four times more carbon emissions than the UK’s last remaining coal-fired plant last year, despite taking more than £0.5bn in clean-energy subsidies in 2023, according to a report. The North […]
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