Category : Search result: US sanctions crude oil


US Cracks Down on Global Oil Black Market, Seizes Tankers

The Trump administration escalates pressure on Venezuela by seizing sanctioned oil tankers. A new legal strategy aims to cripple the global black market for crude, impacting US adversaries. Read the full analysis.

India's Russian Oil Imports Defy US Sanctions in Dec

Despite US sanctions on Rosneft & Lukoil, India's Russian crude imports show resilience, expected to exceed 1.2 million bpd in December. Discounts and non-sanctioned entities fuel the robust trade.

Oil Prices Surge After US Venezuela Tanker Blockade

Oil prices rebounded sharply after US President Trump ordered a total blockade of sanctioned Venezuelan oil tankers, threatening 0.5 million barrels per day supply. Brent crude rose to $59.50.

OPEC+ to Keep Oil Output Unchanged for Q1 2026

OPEC+ is likely to maintain current oil production levels for early 2026, sources say, as the group navigates market pressures and a potential supply glut. Read the full analysis.

India's Russian Oil Imports Drop 47% in December

India's crude oil imports from Russia projected to fall by 47% to 1 million bpd in December due to US sanctions on Rosneft and Lukoil. Indian refiners diversifying supply sources.

Crude Oil Prices Fall as Ukraine Peace Talks Advance

Crude oil prices declined Tuesday, erasing Monday's gains amid Ukraine-Russia peace negotiations. MCX crude traded flat at ₹5,236/barrel while global benchmarks showed modest gains. Expert analysis included.

RIL stops Russian oil imports for export refinery

Reliance Industries stops importing Russian crude for its export-focused refinery to comply with EU ban on Russian-origin petroleum products. RIL accounts for half of India's Russian oil imports.

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