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Homesanctions

sanctions

Crude Oil News

Venezuela pursuing former oil clients after US sanctions lift

October 22, 2023 Mariel Alumit

Nasdaq HOUSTON – Venezuelan state-run oil company PDVSA has begun contacting customers with crude supply contracts amid the temporary lifting of U.S. sanctions, two people familiar to the matter said on Thursday, moving to resume cash […]

Crude Oil News

Western oil sanctions helped China save billions of dollars – Reuters 

October 16, 2023 Mariel Alumit

Beijing’s lower costs of importing crude are an unintended consequence of the restrictions on Russia, Iran, and Venezuela, the outlet has said China has managed to save billions of dollars this year through record imports […]

Treasury
Crude Oil News

Treasury Secretary discusses crackdown on evasion of Russian oil price cap as effectiveness wanes

October 9, 2023 Mariel Alumit

(Bloomberg) — Treasury Secretary Janet Yellen said the US is preparing to crack down on evasion of the Group of Seven’s price cap on Russian oil, as recent market prices signal that the mechanism may […]

Russia
Crude Oil News

It’s Delusional To Expect Russia To Sell Oil To Pakistan Within The West’s Price Cap

October 6, 2023 Mariel Alumit

There’s no way that Russia is going to make an exception to its own legislation to sell oil to Pakistan at the price demanded of it by the West and thus also at a steep […]

Crude Oil News

Russia Sells Urals Oil To India At $20 Above The Price Cap

September 29, 2023 Mariel Alumit

Authored by Tsvetana Paraskova via OilPrice.com, Tightening global crude supply and rising international prices have raised the price at which Russia’s crude is being sold to India at about $20 per barrel over the G7 […]

Russia
Crude Oil News

Russia will sell natural gas to China at almost a 50% discount compared to European buyers

September 11, 2023 Mariel Alumit

Russia expects to sell gas to China at almost half the price compared to European buyers, Bloomberg reported. Gas for China will average $271.6 per 1,000 cubic meters in 2024, versus $481.7 for buyers in […]

Crude Oil News

Chinese Imports Of Iran Oil Soar To Near Record In Clear Breach Of US Sanctions

September 9, 2023 Mariel Alumit

Less than a month ago, we reported that according to Kpler estimates, China was expected to import as much as 1.5 million barrels per day (bpd) of crude oil from Iran in August, the most […]

Russia
Exports

EU purchases of Russian LNG up 40% compared to pre-war levels, new study finds

September 5, 2023 Mariel Alumit

The European Union vowed to drastically cut imports of gas from Moscow over its invasion of Ukraine but data shows the bloc’s purchases of Russian-made liquefied natural gas (LNG) have soared. According to new findings released by […]

EU has become highly dependent on LNG to meet its needs - including from Russia
Geopolitical

EU spent £4.5bn buying HALF of Russia’s LNG supplies… despite pledge to wean West off Kremlin

September 2, 2023 Mariel Alumit

European Union countries spent over ÂŁ4.5bn (€5.3bn) buying more than half of all Russia’s liquefied natural gas (LNG) supplies during the first seven months of this year, despite pledges to wean itself off Kremlin-backed hydrocarbons. […]

Crude Oil News

US doubles imports of uranium from Russia: largest amount since 2005

August 28, 2023 Mariel Alumit

In March, US senators called for an import ban on Russian uranium. What happened is the opposite: In the first half of the year, the USA bought 416 tons of uranium from Russia, more than twice […]

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