Thursday , June 30 2022
Home / Tag Archives: crude

Tag Archives: crude

Kwork.ru - услуги фрилансеров от 500 руб.

Russia ramps up crude sales to India

Shipments of Russian oil to India exceeded 396,000 tons in March, according to the Ministry of Commerce. That is more than a 15% rise from the previous month and a 40% increase on an annual basis. Overall, India has imported 56.7 million tons of Russian oil since the start of …

Read More »

Russian crude is irreplaceable, former Lukoil boss warns EU

Vagit Alekperov, who until recently headed Russia’s largest private oil company Lukoil, has said the potential tightening of existing sanctions would have a disastrous impact on Europe as well as Moscow. A European ban on the country’s “impossible to replace” crude would be “the most negative scenario” for all parties, …

Read More »

EU rejects ban on shipping Russian crude — media

Brussels has opted to cancel plans to prohibit EU member-owned ships from moving Russian crude oil to third-party countries, documents seen by Bloomberg showed. However, a ban on insuring Russian tankers is reportedly still being reviewed. If passed, this could represent an effective barrier to exports of oil from the …

Read More »

India strives to cash in on cheap Russian crude – media

Indian refining giant Reliance Industries has shelved plans for repair operations at the world’s biggest oil refining complex as the company is striving to churn out more oil products since the margins on them have recently surged to three-year highs, Bloomberg reports. The company has been purchasing discounted cargoes of …

Read More »

Russia ramps up sales of crude to India – Reuters

Russia’s state-run oil giant Rosneft has reportedly sold a large shipment of crude to India as the South Asian nation keeps boosting energy imports from the sanctions-hit country. Indian Oil Corp (IOC), the country’s top refiner, purchased 700,000 tons of Russian Urals crude, two traders familiar with the matter told …

Read More »

India wants deeper discounts on Russian crude – media

India is trying to get deeper discounts on Russian oil to compensate for increased trade risks when dealing with Moscow amid Western sanctions, Bloomberg reported on Wednesday, citing people with knowledge of the matter. According to the report, the South Asian country is seeking Russian crude at less than $70 …

Read More »

JPMorgan issues crude warning to EU

The price of oil could soar if the European Union abruptly bans Russian crude from its energy markets, JPMorgan said on Tuesday in a note seen by Business Insider. According to the investment bank, a full and immediate embargo would displace four million barrels of Russian oil per day, sending …

Read More »

France urging EU to ban Russian crude

French Finance Minister Bruno Le Maire said on Tuesday that the European Union is working on banning Russian oil imports. He added that the country’s President Emmanuel Macron wants such a move. “I hope that in the weeks to come we will convince our European partners to stop importing Russian …

Read More »

Top oil trader to ditch Russian crude

The world’s biggest independent oil trader, Vitol, expects to stop trading Russian crude by the end of this year, Bloomberg reported on Tuesday. Vitol “intends to cease trading Russian origin crude oil and product, unless directed otherwise,” Bloomberg quotes an email from the company spokesman, which goes on to say that …

Read More »