Tougher U.S. sanctions to curb Russian oil supply to China and India
By Nidhi Verma, Chen Aizhu, Siyi Liu and Florence Tan NEW DELHI/SINGAPORE (Reuters) - Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs,
Oil prices rally as fresh U.S. sanctions on Russia threaten global supplies
Oil futures ended sharply higher on Friday, as fresh U.S. sanctions on Russia’s oil sector looked to threaten global supplies and as winter storms in the U.S. were expected to boost demand for heating fuels.
Sweeping new U.S. sanctions target Russia's oil production and exports
The U.S. Departments of Treasury and State Friday applied new sanctions on Russia's oil production and exports. Sanctioned were oil companies, 183 ships, dozens of oil traders, insurance companies and energy officials.
New US sanctions on Russian tankers to hit oil supplies to India, refining sources say
Indian firms see a major disruption of Russian oil supplies as Washington imposes new sanctions to curb Moscow's revenues, pushing refiners to scout for crude from the Middle East and the U.S., three Indian refining sources said on Friday.
US hits Russian oil with toughest sanctions yet in bid to give Ukraine, Trump leverage
U.S. President Joe Biden's administration imposed its broadest package of sanctions so far targeting Russia's oil and gas revenues on Friday, in an effort to give Kyiv and Donald Trump's incoming team leverage to reach a deal for peace in Ukraine.
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