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SOVCOMFLOT OIL SHIPMENTS
Latest US sanctions on Russia throw global oil trade into disarray, India scramblesTightened U.S. sanctions on Russian oil have disrupted trade with China and India, increasing demand for Middle Eastern and African crudes,...- Indian refiners using Russian insurance for oil above $60/bbl, govt source saysIndian refiners are using Russian insurance for oil cargoes priced above $60 per barrel, bypassing the G7 price cap. Russian firms insured ...
- Russian insurance shores up oil exports to top buyer IndiaRussian insurers are increasingly covering oil shipments to India, with 60 per cent of Moscow's oil cargoes insured by Russian firms in Jul...
- Western sanctions, Houthi attacks boost appeal of Russia’s Arctic Sea routeRussia commenced its first oil shipment of the year via the Northern Sea Route to China, typically used only in summer.
- India's Russian oil imports rise to nine-month high in AprilIndia's Russian oil imports surged to a nine-month peak in April as shipments resumed on non-sanctioned tankers, largely operated by Sovcom...
- Reliance refusing Sovcomflot oil shipments after sanctions, sources sayThe development adds to oil export problems for Russia as its oil firms may face difficulties finding ships to sell surplus oil after recen...
- Russia’s crude oil delivery problems to India aren’t over yetTwelve tankers are anchored, holding the key Russian crude grade. Most haven’t moved far for more than a month, vessel tracking data compil...
- Russian oil still going through Red Sea despite Houthi missilesNo tankers carrying Russian crude have yet diverted to avoid the southern Red Sea, according to tanker tracking data monitored by Bloomberg...
- UK announces new sanctions on Russia targeting 86 individuals and entitiesThe 86 designations target individuals and organisations connected to Russia's energy, metals, defence, transport, and financial sectors - ...
- Russian oil logistics in chaos with weeks until sanctions biteA vast shadow fleet of tankers with unknown owners is being amassed to service Moscow’s interests. Intense US-led diplomatic wrangling to s...
- Rosneft moves into tanker chartering as EU ban loomsPreviously, state-controlled Rosneft, which produces more than 40% of Russian oil, would sell its oil at the port of loading, meaning the b...
- Russia sanctions spur buying frenzy for ice-breaking tankersThe EU will ban seaborne imports of Russian crude to member countries from Dec. 5 and restrict its companies from shipping, insuring and fi...
- EU decides to ease sanctions on Russian oil exports“With a view to avoid any potential negative consequences for food and energy security around the world, the EU decided to extend the exemp...
- Russia's crude flows to India take hold near unprecedented levelsAs China emerges as the only market for crude shipped from ports on Russia’s Pacific coast, India has rapidly become the largest purchaser ...
- ONGC Videsh says oil movement from Sakhalin-1 project disrupted due to sanctions against RussiaSakhalin-1 produced around 271,000 barrels of oil per day in January and February 2022, according to the Russian Energy Ministry data, agai...
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