Russian oil

EU’s top diplomat calls on South-east Asia countries to seek alternatives to Russian oil

Kaja Kallas warns that the purchase of Russian oil is also helping Iran maintain its closure of Hormuz

Indonesian President Prabowo Subianto and Russian President Vladimir Putin met at the Kremlin in Moscow on April 13.

As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?

Moscow has much to gain as fuel exports to the region will result in hard currency and alternative markets

The temporary authorisation, which applies to Russian crude that would otherwise be sanctioned, comes after a previous waiver expired Apr 11.

US again allows more Russian oil sales to help control prices amid Iran war

[LOS ANGELES] The US on Friday (Apr 17) issued a licence letting countries buy more Russian oil that’s already been loaded on tankers, part of the White House’s push to prevent prices from surging.

The US Treasury Department has allowed purchases of Russian oil and products at sea since mid-March with a 30-day waiver that expires on Apr 11.

US likely to extend Russian oil waiver to temper Iran war shock: sources

Oil prices have spiked since the start of the war due to the partial closure of the Strait of Hormuz

The waivers have prompted criticism from European allies and members of Congress who say that the US is allowing adversaries to profit from its effort to increase global oil supply.

Asian nations push US to extend sanctions waiver on Russian oil

India and the Philippines are among countries urging the US to renew the sanctions reprieve on Russian oil

Russia’s main revenue from its vast oil and gas industry is based on production.

Iran war to double Russia’s main oil revenue to 700 billion roubles in April

A calculation by Reuters suggests this is the first evidence of a windfall for the country from the conflict

Russia produces around 10 million barrels of crude per day and about half are exported.

World is lining up for Russian energy, the Kremlin says

Beyond oil, the nation is also moving LNG eastwards

Chinese state oil firms stopped buying Russian oil after Washington imposed sanctions on Moscow’s biggest oil companies, including Rosneft.

China oil majors resume seeking Russian oil after 4-month halt: sources

This is to head off supply shortages caused by the war in the Middle East