The Business Times

oil

Energy & Commodities

Lukoil’s oil trading business sheds staff in Singapore, Geneva and Dubai as sanctions near

The breakneck shift in sentiment comes after the US blacklisted Russian oil giants Rosneft oil and Lukoil to stave off revenue the Kremlin needs for its war in Ukraine. Traders are honing in on next moves by India and China, top buyers of Moscow’s supplies, for clues on impacts of the sanctions to global balances. 
Energy & Commodities

Hedge funds flee bearish oil bets after US sanctions Russia

DBS says CAO's early strategic positioning in sustainable aviation fuel provides “compelling medium-term growth optionality”.
Companies & Markets
BROKERS’ TAKE

DBS restarts China Aviation Oil coverage with ‘buy’ call; shares rise 12.9%

US President Donald Trump hit Russia’s Rosneft and Lukoil with sanctions to pressure Russian President Vladimir Putin to end the Ukraine war.
Companies & Markets

Oil slips on scepticism about US commitment to Russian oil sanctions

Russian President Vladimir Putin derided the sanctions as an unfriendly act, saying they would not significantly affect the Russian economy and talked up Russia’s importance to the global oil market.
International

Putin defiant after Trump sanctions Russian oil majors over Ukraine

The US Treasury Department said Russia’s two largest oil companies, Rosneft and Lukoil, were targeted in a bid to damage Moscow’s ability to fund its war machine.
International

US sanctions Russian oil companies as Moscow holds nuclear drills

Indian sources said the cut was not visible yet, though it could be reflected in import numbers for December or January.
International

India already cutting Russian oil imports by 50% after US talks, White House official says

For months, Indian Prime Minister Narendra Modi (left) resisted US pressure, with Indian officials defending the purchases as vital to national energy security.
International

Trump says Modi has assured him India will not buy Russian oil

President Trump with Indian Prime Minister Narendra Modi at the White House in February 13. US-India trade talks were suspended briefly in August after the Trump administration announced tariff hikes of up to 50 per cent on Indian goods.
International

India, US to hold trade talks this week in Washington, source says

For the oil-rich US, a collapse in domestic production is an embarrassment, but hardly an emergency.
Opinion & Features

The China ‘put’ in oil markets will reshape the world

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