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Russian oil sanctions appear to be working - crude still flows even as Moscow's pulling in less money. But there's more to it than that.

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Hey there market people. Phil Rosen here. 

I spent much of yesterday parsing through pages of data on where Russian oil is heading and how much buyers are paying for barrels. 

The clearest takeaway is that the West's sanctions do in fact seem to be taking a toll as intended — Moscow's export revenues are down, but plenty of oil remains available as far as global supplies. 

NATO's chief is talking openly about alliance membership for Ukraine as Putin's war continues to shoot Russia in the foot

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Secretary General of NATO Jens Stoltenberg (L) and President Volodymyr Zelenskyi (R) during a meeting on April 20, 2023 in Kyiv, Ukraine.
Secretary General of NATO Jens Stoltenberg (L) and President Volodymyr Zelenskyy (R) during a meeting on April 20, 2023 in Kyiv, Ukraine.

Photo by Andriy Zhyhaylo/Obozrevatel/Global Images Ukraine via Getty Images

Vladimir Putin is planning the best way to attack the UK by sending spy ships to map infrastructure on the British coast, British MP says

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Russian President Vladimir Putin chairs a meeting with members of the government via a video conference at the Novo-Ogaryovo state residence, outside Moscow, on April 19, 2023.
Russian President Vladimir Putin chairs a meeting with members of the government via a video conference at the Novo-Ogaryovo state residence, outside Moscow, on April 19, 2023.

GAVRIIL GRIGOROV/SPUTNIK/AFP via Getty Images

A filmmaker risked sniper fire to capture the Ukraine war for a powerful documentary, and the new trailer just dropped

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TKTKTK
Bernard-Henri Levy with Ukrainian service members in a front-line trench position near Lyman in the Donbas region.

Courtesy photo

Ukrainian woman said her Russian captors mocked her execution and forced her to dig her own grave

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A Ukrainian serviceman stands in a basement which, according to Ukrainian authorities, was used as a torture cell during the Russian occupation, in the retaken village of Kozacha Lopan, Ukraine, Sept. 17, 2022.
A Ukrainian serviceman stands in a basement which, according to Ukrainian authorities, was used as a torture cell during the Russian occupation, in the retaken village of Kozacha Lopan, Ukraine, Sept.

There is 'no situation' where Taiwan can defend itself against China the way Ukraine has fought against Russia, says APAC security expert

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Taiwan's armed forces hold two days of routine drills to show combat readiness ahead of Lunar New Year holidays at a military base on January 11, 2023 in Kaohsiung, Taiwan.
Taiwan's armed forces hold two days of routine drills to show combat readiness ahead of Lunar New Year holidays at a military base on January 11, 2023 in Kaohsiung, Taiwan.

Annabelle Chih/Getty Images

Almost half of Taiwan's aircraft isn't ready for war, and its air force doesn't have a coordinated radio network to stave off a Chinese invasion: Pentagon leak

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A Taiwanese Mirage fighter jet lands after routine patrols and training exercises at an air force base in Hsinchu, northern Taiwan on April 6, 2023 in Taipei, Taiwan.
A Taiwanese Mirage fighter jet lands after routine patrols and training exercises at an air force base in Hsinchu, northern Taiwan on April 6, 2023 in Taipei, Taiwan.

Chris McGrath/Getty Images

Russia's economy continues to reel as energy revenue and the ruble weaken

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Russian President Vladimir Putin
Russian President Vladimir Putin.

Mikhail Klimentyev/AP

Starlink is key to Ukrainian operations, but the Russians 'will find you' if you use it too long, soldier says

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“Psycho”, 22 from the 80th Separate Air Assault Brigade disconnects their Starlink on the front line at Orthodox Christmas, during a ceasefire announced by Russia over the Orthodox Christmas period, from the frontline region of Kreminna, Ukraine, January 6, 2023.
“Psycho”, 22 from the 80th Separate Air Assault Brigade disconnects their Starlink on the front line at Orthodox Christmas, during a ceasefire announced by Russia over the Orthodox Christmas

Front-line Ukrainian soldiers say it seems like Russia has 'unlimited' artillery shells to throw at them while they're worried about running out

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Ukrainian servicemen fire with a D-30 howitzer at Russian positions near Bakhmut, eastern Ukraine, on March 21, 2023, amid the Russian invasion of Ukraine.
Ukrainian servicemen fire with a D-30 howitzer at Russian positions near Bakhmut, eastern Ukraine, on March 21, 2023, amid the Russian invasion of Ukraine.

SERGEY SHESTAK/AFP via Getty Images

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