oil imports

An oil tanker is moored at the Sheskharis complex, part of Chernomortransneft JSC, a subsidiary of Transneft PJSC, in Novorossiysk, Russia, Oct. 11, one of the largest facilities for oil and petroleum products in southern Russia. The deadline is looming for Western allies to agree on a price cap on Russia oil.

World News

What to know about the West's new efforts to slash Russia's oil revenue

3:14pm December 02, 2022

by Jackie Northam

Plans take effect next week that would ban most Russian oil imports from Europe and put a price cap on the oil going elsewhere. But Russia could still make money off oil to fund its war in Ukraine.

Poland's Prime Minister Mateusz Morawiecki called his country's ban on imports of Russian gas, oil and coal the most radical in Europe.

World News

Poland says its ban on all Russian oil and gas imports is the most radical in Europe

11:59am March 30, 2022

by Joanna Kakissis

"While others in Europe looked at Russia as a business partner," the Polish prime minister said, "we saw that Russia uses gas and oil as a way to blackmail."

The sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain. OPEC nations agreed to reduce their production, but energy experts say that renewed U.S. sanctions on Iran could derail their supply cut deal.

World News

These Are The Potential Consequences Of Renewing Sanctions For Iran's Oil Importers

2:01pm May 10, 2018

Many of Iran's top oil importers are in Asia. South Korea is among them, but U.S. pressure to decrease oil purchases puts Seoul in a tricky position ahead of President Trump's North Korea summit.