Russian Oil

Sri Lankan President petitions Putin for oil supplies - report

Sri Lankan President petitions Putin for oil supplies - report

Sri Lankan President Gotabaya Rajapaksa has sent an appeal to his Russian counterpart Vladimir Putin asking for cooperation on oil supplies, the Lanka-based Daily Mirror newspaper reported on Thursday, citing a source close to Rajapaksa's …

Vucic: Serbia must find a replacement for Russian oil

Vucic: Serbia must find a replacement for Russian oil

Serbia must find a replacement for Russian oil, President Aleksandar Vucic said. According to him, this topic is relevant, as the republic is facing problems in its supply. "The big and strategic problem [is] that we have …

US: China and India may be buying more Russia oil than known

US: China and India may be buying more Russia oil than known

China and India may be buying more Russian oil than the U.S. previously believed, easing a supply crunch in global markets and potentially driving a recent price decline, one of President Joe Biden’s economic advisers said. …

Russia becomes China's largest oil supplier

Russia becomes China's largest oil supplier

Exports of Russian oil to China in May increased by 55% year-on-year, surpassing supplies from Saudi Arabia and making Russia the largest supplier of oil to the country, Reuters reported on Monday, citing data from Chinese customs. …

Novak: Russia has no need to cut oil output

Novak: Russia has no need to cut oil output

  Russia has no need to cut its oil output in response to the European Union’s embargo, Deputy Prime Minister Alexander Novak told RBC business channel on Thursday. He earlier said he expected Russia’s annual …

Russia becomes second largest supplier of oil to India

Russia becomes second largest supplier of oil to India

Russia became the second largest supplier of oil to India in May, Reuters writes, citing its own sources. "Russia became the second largest supplier of oil to India in May, displacing Saudi Arabia to third place, but still behind …

India in talks to increase Russian oil imports

India in talks to increase Russian oil imports

India is looking to double down on its Russian oil imports with state-owned refiners eager to take more heavily-discounted supplies from Rosneft PJSC, Bloomberg reported. State processors are collectively working on finalizing and …

Saudi Arabia ready to replace Russian oil for the West

Saudi Arabia ready to replace Russian oil for the West

Saudi Arabia is prepared to raise its oil production if Russia's output falls substantially because of the western sanctions imposed on it, the Financial Times reported, citing sources. Discussions had been held about an immediate …

Russian lawmaker: oil embargo hits economy in Europe

Russian lawmaker: oil embargo hits economy in Europe

Konstantin Kosachev, a Federation Council deputy speaker, on Tuesday said a partial embargo on Russian oil imports agreed by the heads of state and government of the European Union will deal a blow to the competitiveness of the economy and the …

Russia could lose about $22 billion through oil ban

Russia could lose about $22 billion through oil ban

Russia stands to loose about $10 billion a year in oil exports revenues if the EU bans shipments, according to Bloomberg calculations. That’s because Russia would be forced to sell its crude at a discount to Asia, where it is …

Russia to find other importers for its oil

Russia to find other importers for its oil

Russia will find other importers for its oil, Russian Permanent Representative to international organizations in Vienna Mikhail Ulyanov said, commenting on the sixth package of EU sanctions against Russia, which includes partial embargo on …

EU leaders agree to partial embargo of Russian oil imports

EU leaders agree to partial embargo of Russian oil imports

EU leaders negotiated the sixth package of sanctions against Russia, which includes, in particular, partial embargo on import of Russian oil and cutting Russia’s Sberbank of the SWIFT international payment system, European Council President …