#sanctions
Russia’s Oil Revenues Surge as the World Scrambles for Supply
Asian economies are dramatically increasing imports of discounted Russian crude amid global supply disruptions. A temporary U.S. sanctions waiver is enabling more Russian oil to flow into global markets. The shift risks boosting Moscow’s war revenues while ex…
Venezuela's oil exports jump to highest since 2018, with more sales to US, India
Venezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in over seven years, driven by increased sales to the US, India and Europe. The surge follows a US-Venezuela supply deal and eased sanctions, which helped boost output and …
India’s Russian oil imports cool 20% in April after March spike
India’s imports of Russian crude fell 20% month-on-month in April to 1.57 million barrels per day, cooling after a March surge driven by floating cargoes during the Iran conflict and a temporary US sanctions waiver.
Issue is under discussion with both Iran, US: MEA on Chabahar port
India said on Monday that the status of the Chabahar Port is under discussion with both Iran and the United States, after the US sanctions waiver for the project expired on April 26. The Ministry of External Affairs said the issue is complicated by the curren…