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Germany Stops Importing Oil From Russia Via Pipeline
Germany halted imports of Russian oil via pipeline on January 1, following through on a previous pledge to stop buying Russian pipeline crude despite the fact that the EU embargo exempts pipeline flows from Russia to Europe.
read more... 02/01/2023
Poland ready for Russian oil ban
Poland is prepared for a Russian ban on oil sales to countries implementing a price cap, the climate minister said on Thursday, with the country having cut its intake of Russian crude and secured alternative supplies from producers such as Saudi Arabia.
read more... 30/12/2022
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Exxon sues EU in move to block new windfall tax on oil companies
U.S. oil major Exxon Mobil Corp is suing the European Union in a bid to force it to scrap the bloc's new windfall tax on oil groups, arguing Brussels exceeded its legal authority by imposing the levy.
read more... 29/12/2022
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Putin bans Russian oil exports to countries that implement price cap
President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap.
read more... 28/12/2022
EU reaches deal for $60/b price cap on Russian crude ahead of G7 deadline
The EU reached an agreement Dec. 2 for a $60/b price cap for Russian crude, paving the way for the G7-led initiative to launch Dec. 5, a move expected to further shake up global seaborne oil trade as Russian crude and oil products struggle to find new buyers.
read more... 05/12/2022