China’s imports of Russian oil near record high in March Energy Russia remained China’s top oil supplier in March, data showed on Saturday, as refiners snapped up stranded Sokol shipments. China’s imports from Russia, including supplies via pipelines and sea-borne shipments, jumped 12.5 per cent on the year to 10.81 million metric tons, or 2.55 million barrels per day (bpd) last month, according to data from [...]
UK has insured £102bn worth of Russian oil despite sanctions Russian Oil A former Cabinet minister has called on the insurance industry to think on its obligations after it was revealed that UK firms have insured over €120bn worth of Russian oil.
Russian oil: UK and European states set to launch plan to target ‘shadow fleets’ LAW Prime Minister Keir Starmer is set to launch a "call to action" to the private sector - including insurers - over the use of shadow fleets carrying Russian oil
Owner of major UK refinery extends loan deal with Russian oil firm January 3, 2024 The owner of one of the UK's largest oil refineries has agreed an extension to a loan facility with a Russian oil company that is under sanctions in the US, company accounts show.
Morgan Stanley locked in secret London court battle to seize Russian oil firm October 18, 2023 Morgan Stanley is locked in a secret London court battle as part of an attempt to seize ownership of an oil firm in southern Russia on behalf of a group of Russian lenders, City A.M. has learned.
Vitol and Gunvor rake in Russian oil profits a year after Ukraine invasion June 27, 2023 Energy traders Vitol and Gunvor are still buying refined Russian oil, despite pledges to cut ties with Kremlin-backed suppliers.
G7 price cap restrains Russian oil revenues but Kremlin still finding buyers September 6, 2023 Price caps on Russian oil and gas have managed to drive down oil revenues and keep prices in check for consumers, experts suggest.
Trafigura and Vitol could step up trade in Russian oil, CEOs admit March 22, 2023 Global energy traders Trafigura and Vitol are considering whether to resume more trade in Russia's oil, their CEOs said yesterday.
China boosts Russian oil supplies despite Zero Covid slowdown October 24, 2022 China's has ramped up its oil imports from Russia 22 per cent year-on-year, despite a drop in consumption due to its lockdown measures.
Russian oil exports reach highest levels since Ukraine invasion as China and India buy up supplies May 16, 2023 Russian oil exports shot up to their highest levels since its invasion of Ukraine, with the majority heading towards China and India, according to the International Energy Agency. In its latest monthly oil report, the Paris-based climate agency said total oil shipments reached “a post-invasion high” in April rising to 8.3m barrels per day (bpd), [...]