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High shipping costs have created a $1 billion loophole for Russia to evade oil price cap, report says

Tue, 08/15/2023 - 12:16

Tech Insider

Putin oil — Russia's Prime Minister Vladimir Putin (R) visits the Novokuibyshevsk oil refinery near the city of Samara, Russia.
Reuters/RIA Novosti

Markets, MI Exclusive, Russian Oil, Oil price cap, russia economy, Russia Energy Revenue, Russian oil ban

Russia received millions of dollars worth of equipment from US companies to keep its oil trade afloat after the invasion of Ukraine, report says

Wed, 07/19/2023 - 10:47

Tech Insider

Russia oil — A worker checks a pressure gauge at an oil pumping station near the Rosneft company owned Suzunskoye oil field, north from the Russian Siberian city of Krasnoyarsk, March 26, 2015.
REUTERS/Sergei Karpukhin

Markets, MI Exclusive, Russia, Russia Oil, Russian Oil, russia economy, Putin

Russia's energy dominance is fading with pipeline gas exports reportedly set to fall by 50% this year

Fri, 04/28/2023 - 12:27

Tech Insider

Putin — Russian President Vladimir Putin attends a cabinet meeting via videoconference in Moscow, Russia, Wednesday, Aug. 31, 2022.
Gavriil Grigorov/AP

Markets, MI Exclusive, Russia, russia economy, Russia Energy Revenue, russian gas, Russian natural gas

Russia is using its 'dark fleet' of ships to skirt oil sanctions, raising the risk of tanker collisions, insurance firms say

Thu, 04/27/2023 - 14:40

Tech Insider

Russian oil tanker — Photo by ANGELOS TZORTZINIS/AFP via Getty Images

Markets, MI Exclusive, Russian Oil, Russian crude, Oil Tankers, western sanctions, Oil price cap

US companies may be unknowingly helping Russia evade the oil price cap, Treasury warns

Tue, 04/18/2023 - 09:47

Tech Insider

oil pipeline — Oil workers weld a new pipeline at PDVSA's Jose Antonio Anzoategui industrial complex in the state of Anzoategui.
Reuters/Carlos Garcia Rawlins

Markets, MI Exclusive, Russian Oil, Russian crude, Oil price cap, EU oil ban, western sanctions

Russia notched record-high oil sales last week despite sanctions and production cuts

Wed, 04/05/2023 - 11:56

Tech Insider

Russia oil — A worker checks a pressure gauge at an oil pumping station near the Rosneft company owned Suzunskoye oil field, north from the Russian Siberian city of Krasnoyarsk, March 26, 2015.
REUTERS/Sergei Karpukhin

Markets, MI Exclusive, Russia Oil, Russian oil ban, russia economy, Oil price cap, EU oil ban

Russia's oil and gas revenue reportedly tanked in February as price caps and sanctions ate into export earnings

Fri, 03/03/2023 - 11:55

Tech Insider

Russian President Vladimir Putin speeches during the Council of Lawmakers at the Tauride Palace, April 27, 2022 in Saint Petersburg, Russia — Vladimir Putin.
Getty Images

Markets, MI Exclusive, Russia, Russian energy exports, Russian Oil, Russia Energy Revenue, Commodities

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