Oil Exports News

Donald Trump is putting more pressure on India to slash its Russian oil purchases. This could deprive Moscow of vital revenue, but it will mostly just push more Russian oil into an increasingly large shadow market.The U.S. president said on Wednesday that Indian Prime Minister Narendra Modi has pledged to stop buying oil from Russia, an agreement India has yet to confirm.India has become a major trade buyer of Russian oil since Moscow’s invasion of Ukraine in 2022. It purchased 1.9 million barrels per day (bpd) of Russia’s crude in the first nine months of 2025…

Terminal operators in a major oil port in east China's Shandong province are set to introduce measures to ban shadow fleet vessels and curb visits by other old tankers, according to an official notice seen by Reuters and a tanker tracker.The measures, to take effect from November 1, would ban vessels using fake International Maritime Organization numbers and ships of 31 years or older, which traders said would target what is known as the shadow fleet that transports oil under Western sanctions.Four terminal operators at Huangdao Port last week issued the notice…

Nigerian President Bola Tinubu on Wednesday lifted a six-month emergency rule in Rivers State, reinstating Governor Siminalayi Fubara and other officials, after saying that a constitutional crisis that had paralysed governance had been resolved.The emergency rule, imposed on March 18, followed a standoff between Fubara and the state legislature that disrupted budget approvals and left the government in limbo. Tinubu said the measure was necessary to prevent anarchy.Rivers State, located in the oil-producing Niger Delta, is an important hub for Nigeria's crude exports.

Poland has urged European Union member states that are still buying Russian energy to end those imports by the end of 2026 and will offer them help towards that effort, Energy Minister Milosz Motyka said on Wednesday.The Druzhba oil pipeline delivers Russian oil to Hungary and Slovakia, which continue to buy energy supplies from Russia after other EU nations cut ties following Russia's full-scale invasion of Ukraine in 2022.The European Commission will propose speeding up the phasing out of Russian fossil imports…

Russia's seaborne fuel oil and vacuum gasoil exports rose 8.5% in April from the previous month to around 4.0 million metric tons on rising production, trade and shipping data showed.Russia's offline primary oil refining capacity totalled 2.91 million tons last month, down 21% from March, leading to increasing fuel supplies.Since the European Union's full embargo on Russian oil products went into effect in February 2023, Asian countries became the main destination for Russia's fuel oil and VGO supplies.Saudi Arabia more than doubled Russian fuel oil imports in April to 0.7 million tons ahead o

Russia's seaborne diesel and gasoil exports fell in April as refineries carried out seasonal maintenance and the industry held back some supplies for expected domestic demand growth over the summer months, according to LSEG data and market sources.In total, diesel and gasoil exports from Russian ports fell to about 3.3 million metric tons, down 10% from March, Reuters calculations based on LSEG and market sources data showed.Turkey and Brazil remained the main importers of Russian diesel and gasoil in April, shipping data shows.Diesel and gasoil exports from Russian ports to Turkey rose last m

The U.S. imposed sanctions on Monday on three vessels and their owners for delivering oil and gas products to Yemen's Houthis, as Washington piled pressure on the Iran-backed rebels over their attacks on Red Sea shipping.The sanctions targeted Marshall Islands-registered Zaas Shipping & Trading Co and Great Success Shipping Co, and Mauritius-registered Bagsak Shipping Co and the cargo vessels they used to deliver oil and gas products to the Houthi-controlled port of Ras Isa, the U.S.

The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot" oil refinery, as President Donald Trump's administration seeks to ramp up pressure on Tehran."Teapot" is an industry term for small independent oil refiners.The U.S. Treasury Department said in a statement the action would increase pressure on Chinese importers of Iranian oil as Trump seeks to restore his "maximum pressure" campaign on Iran, which includes…

Russia's seaborne diesel and gasoil exports fell in March after unplanned maintenance on local refineries, LSEG and market sources data showed.Drone attacks in January and February hit Russian refineries owned by Rosneft at Ryazan, Syzran and Saratov, as well as Lukoil's Volgograd refinery.Traders said the resulting fall in processing led to lower oil products exports in March.In total, diesel and gasoil exports from Russian ports fell to about 3.8 million metric tons, down 5% from February, Reuters calculations based on LSEG and market sources data showed.Turkey and Brazil remained the main i

The Caspian Pipeline Consortium (CPC), which exports Kazakhstan's and Russia's oil from the Black Sea, announced on Monday that it had halted operations at two of its terminal's three mooring points (SPMs).CPC pipeline, which ships about 1% of world oil supply and is a key route for Kazakhstan's oil exports, may lose some 50% of the capacity if operating just one SPM, according to traders' estimates.CPC has been in the spotlight since Russia's war in Ukraine: the consortium closed…

Iran has opened its first oil terminal in the Gulf of Oman, Iranian President Hassan Rouhani said on Thursday, to allow Tehran to avoid using the Strait of Hormuz shipping route that has been a focus of regional tension for decades."This is a strategic move and an important step for Iran. It will secure the continuation of our oil exports," Rouhani said in a televised speech."Today, the first shipment of 100 tonnes of oil is loaded outside the Strait of Hormuz. This shows the failure of the U.S.

Iran could quickly export millions of barrels of oil it is holding in storage if it reaches a deal with the United States on its nuclear program and has been moving oil into place to prepare for an eventual restart, four traders and industrial sources said.The U.S. and Iran began in mid-June their sixth round of indirect talks on reviving a 2015 nuclear deal that former U.S. President Donald Trump pulled out of in 2018. Trump reimposed sanctions on Iran’s energy sector, leading…