Russia drowning in unsold oil

Insight: Russia braces for oil output cuts as sanctions and drones hit
Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries.
Russia drowning in unsold oil as sanctions and Ukrainian strikes hit hard
The sanctions, which targeted Gazprom Neft, Surgutneftegaz, and 180 shadow fleet tankers, have created a surplus of oil in Russia that cannot be exported abroad. The ports of Ust-Luga, Primorsk on the Baltic and Novorossiysk on the Black Sea have seen a 17% drop in January export deliveries,
Russia prepares to cut oil production due to sanctions and drone attacks, Reuters reports
Russia is facing the threat of a reduction in oil production due to US sanctions and Ukrainian drone attacks. Source: Reuters Details: Reuters noted that the US sanctions have complicated access to tankers supplying oil to Asia,
Analysis-Latest US sanctions on Russia throw global oil trade into disarray
Tightened U.S. sanctions on Moscow have disrupted a roaring trade in discounted Russian oil to China and India, reviving demand for Middle Eastern and African crudes, roiling shipping markets and driving up oil prices.
US sanctions strand Iran, Russia oil on tankers, driving up crude costs
The amount of Russian and Iranian oil held on ships has hit multi-month highs as harsher US sanctions reduced the number of buyers, leaving fewer tankers available to deliver cargoes and driving up crude costs,
Over 60% of Russian oil tankers halted due to sanctions
The latest US sanctions against Russia’s oil sector have led to the suspension of most Russian tankers. Source: Bloomberg Details: Currently, 94 out of 154 tankers sanctioned under the Biden administration have stopped transporting Russian oil.
Russia wants a lucrative share of the world's lithium market, but it's hitting roadblocks
Russia wants to command 10% of the global lithium market by mining untapped reserves — but its flagship project Polar Lithium ...
ECOticias.com6d
“It’s more than all the oil on Earth”: Russia finds a mega-field… in another country
The Antarctic Treaty System has been long heralded as a model of international cooperation. It has successfully maintained ...
Daily Express5d
Russia economy could 'collapse completely' in 2025 as vital oil exports hammered
Russia's economy could "collapse completely" in 2025 as its vital oil supplies and exports are hit with sanctions and drone strikes, an expert has warned. Ukraine is known to target Russian oil ...
Interfax15d
Russia fully replaces hydrocarbon reserves in 2024, adding 592 mln t of oil and condensate, 708 bcm of gas
MOSCOW. Jan 30 (Interfax) - Russia increased its recoverable commercial (AB1C1 category) liquid hydrocarbon (oil and condensate) reserves by 592 million tonnes and natural gas reserves by 708 billion ...
ECOticias.com27d
Russia finds Earth’s largest mine: He would have to blow up this continent
Of interest is the fact that latest discovery by Russia of the largest reserves of oil and gas in the British Antarctic Territory. They can provoke questions that are crucial for understanding ...
The Straits Times10d
Ukrainian drone strikes trigger fires at major oil and gas facilities in Russia
Falling drone debris sparked several fires at an oil refinery, he said, though he did not say which refinery was on fire. Since Russia sent thousands of troops into Ukraine in 2022, Kyiv has tried ...
Yahoo Finance1mon
Analysis-Russia's Arctic oil feels the chill from U.S. sanctions
MOSCOW (Reuters) - Russia's vast Arctic oil business is ... and more than a dozen small tankers used as shuttle suppliers of oil from the fields. According to LSEG data, at least 15 of the ...
Yahoo News29d
‘Dusk for Norway is dawn for Russia’: Alarm as gas fields supplying the UK begin to run out
Worse still, a drop in Norwegian output would strengthen Russia’s grip on the global gas market ... although there is no escaping from the fact that Norway’s best oil and gas fields are becoming ...