Raab: ‘Nothing off the table’ on sanctioning Russian oil and gas assets March 1, 2022 The UK government is still considering sanctions on Russian oil and gas supplies, according to comments made by deputy prime minister Dominic Raab today. Raab told the BBC: “I think we will look at that very carefully… As we take action to starve the Russian war machine, there is nothing that is off the table.” [...]
Moscow will cover Russian oil tankers hit by UK and EU insurance ban, Putin ally says June 8, 2022 Vladimir Putin’s right-hand man has said Moscow will cover Russian oil tankers to ensure they are able to continue making deliveries, if they are unable to get insurance due to Western sanctions. Speaking via messenger platform Telegram, former Russian president and key Putin ally Dmitry Medvedev said the Kremlin will cover uninsured ships, through assurances [...]
IEA warns of supply deficits with Russian oil isolated from global markets March 16, 2022 The world is set for a supply deficit of 700,000 barrels per day in the second quarter of this year, according to the IEA.
The City View: The Fed considers a rate hike, and India considers Russian oil March 14, 2022 On today’s episode of The City View, Andy Silvester chats to City A.M. reporter Jack Barnett about firms raising their prices; whether the Fed and the Bank of England will hike rates, and by how much; and what we can expect of inflation by this October. Andy also takes us through the headlines: Rio Tinto [...]
Hungary and Slovakia could be spared from Russian oil import ban amid EU divisions May 2, 2022 The European Commission could spare Hungary and Slovakia from an upcoming embargo on buying Russian oil.
Ukraine: UK bans all Russian oil imports from end of 2022 March 8, 2022 The UK will ban all imports of Russian oil and oil products from the end of this year in response to the invasion of Ukraine, business secretary Kwasi Kwarteng has announced. Kwarteng said the government would provide support to businesses in managing the transition, while also saying that he is “exploring options” in regards to [...]
Watch the moment a Russian oil depot 100km from Ukraine border is engulfed in flames April 25, 2022 Videos shared on social media show the moment a Russian oil depot north of the Ukrainian border was engulfed in flames. Russia responded to the inferno in Bryansk, 100km north of the border, with state news agency Taas reporting on it at around 2am on Monday morning. Space agency Nasa’s fire tracking site also showed [...]
Hungary names its price as country holds fresh talks with EU over Russian oil ban May 17, 2022 Europe's game of energy brinkmanship continued today, with the EU holding talks with Hungary over financial support to back a Russian oil ban.
Multiple activists arrested as 33,000-tonne shipment of Russian oil forced to u-turn in the Thames May 16, 2022 At least 15 people have been arrested after forcing a 33,000-tonne shipment of Russian oil to u-turn in the Thames. Greenpeace activists confronted the Greek tanker called the Andromeda late on Sunday night, climbing onto its intended docking birth at the Navigator Terminals, in Essex. While police made a series of arrests, protestors attached themselves [...]
Tanker carrying 42,000 tonnes of Russian oil stopped by activists off UK coast April 14, 2022 A tanker carrying 42,000 tonnes of Russian oil was stopped by environmental activists off the Linconshire coast. Greenpeace campaigners confronted the vessel, the Seavictory, near the port of Immingham, demanding it turn around. The boat’s captain said it was carrying Russian cargo – which the UK has committed to banning by the end of 2022 [...]