U.S. Sanctions on Russia’s Crude Create Chaos in Global Oil Trade
The Biden Administration’s farewell sanctions on Russian oil trade were the most aggressive yet and sanctioned dozens of vessels that Russia used to ship the ESPO crude blend from Kozmino to China’s independent refiners.
US Sanctions Strand Iran, Russia Oil on Tankers, Driving up Crude Costs
For Russian oil, tougher sanctions imposed a month ago by the outgoing Biden administration have driven up costs for refiners in China and India, with March ESPO Blend crude traded at $2 to $3 above ICE Brent on a DES basis to China, the highest premiums in more than two years, three trade sources said.
Indian Oil buying sanction-free Russian crude oil cargoes, chairman says
Indian Oil is buying Russian crude oil cargoes without the involvement of sanctioned entities and expects gasoline demand to grow 6-7% in the fiscal year 2026, the company's chairman said on Tuesday.
India rejects oil shipment from sanctioned Russian producer – Bloomberg
The oil tanker Cordelia Moon, carrying crude from a Russian producer, has come under US sanctions and has been drifting off India's west coast for two days, according to Bloomberg. The Cordelia Moon was scheduled to unload at Vadinar Port on February 9,
Indian Oil buying sanction-free Russian crude, chairman says, projects 6-7% gasoline demand growth by 2026
Indian Oil is purchasing Russian crude oil without sanctioned entities' involvement. The company anticipates a 6-7% growth in gasoline demand and 4% in diesel by 2026. However, petrochemical margins are expected to remain weak due to oversupply,
Chevron layoffs come as energy giant unlocks more crude with far fewer rigs in the heart of the U.S. oil patch
So we’ll have an asset that will produce something over 1 million barrels a day for many, many years into the future.” ...
Why Growth In U.S. Crude Exports Is Synonymous With Growth Of NYMEX WTI
Cushing has seen a dramatic increase in its tankage and pipeline connectivity, solidifying its position as the world's ...
Crude Oil Prices2d
Oil Prices Drop As EIA Shows Crude Inventories Continue to Climb
Crude oil inventories in the United States saw a build of 4.1 million barrels during the week ending February 7 ...
US refiners brace for disruption as tariffs threaten Canadian and Mexican crude supply
US refiners may be forced to find alternative oil sources and could face challenges in maintaining optimal refinery operations due to tariffs.
Saudi crude to China to fall in March after prices hit over two-year high, sources say
Saudi Arabia's crude oil supply to China is set to slide in March from the prior month, trade sources said on Tuesday, after ...
MarketWatch1d
Crude Oil WTI (NYM $/bbl) Front Month
2-Year U.S. Treasury Note Continuous Contract $102.660 0.105 0.10% 5-Year U.S. Treasury Note Continuous Contract $106.234 0.359 0.34% 10-Year U.S. Treasury Note Continuous Contract $108.906 0.641 ...