Trading houses Vitol, Glencore and Trafigura are caught in the crossfire between Russian oil producers and Western buyers, which have refused to take contaminated Russian crude bought by the traders. Continue Reading
Russia’s oil production will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues, according to Reuters Continue Reading
Poland, Hungary and the Czech Republic are offering their domestic refiners about 8 million barrels of oil from strategic reserves after supplies from Russia’s Druzhba pipeline to Europe were halted, Continue Reading
Russia is cutting oil output by as much as 10 percent for several days amid disruptions due to contamination of crude in a major pipeline to Europe and at a Continue Reading
Russia’s oil production will be cut by another 1 million barrels per day over the next week after its oil exports were restricted due to contamination issues, according to Reuters Continue Reading
Russian crude entering Eastern Europe via Belarus has been restored to normal quality more than a week after a major contamination incident halted flows of the key Urals oil exports Continue Reading
Last week the Trump administration announced that it will not be renewing six-month waivers granted to eight countries to continue buying limited quantities of Iranian oil, a move that shocked Continue Reading
Amid the ruckus of Great Britain’s reckless Brexit saga, one might not have noticed the ongoing environmental battle that could put a sudden end to shale gas development in the Continue Reading
Poland has tapped into its emergency oil reserves in order to keep key refineries operating after contaminated crude oil forced the shutdown of the Druzhba oil pipeline carrying oil from Continue Reading
Highlights Full clean-up could take ‘several months’ Belarus estimates up to 5 million mt of oil affected Transneft to blend dirty oil for export at Novorossiisk Moscow — Efforts to Continue Reading
