Tag: crude oil
No more diesel from Russia: What the EU boycott means
Prices at the pump In October 2022, according to the latest figures from the EU statistics office Eurostat, Russia exported oil products such as diesel worth more than 2.3 billion…
EU agrees on price cap for Russian oil products
oil production According to dpa, a price cap of $100 per barrel is planned. (Photo: IMAGO/Panthermedia) Brussels The EU countries have agreed on a proposal by the EU Commission that…
How Bulgaria could become independent of Russian oil
Oil transfer from Greece The task now is to bring oil to Alexandroupoli in Greece in tankers and pump it from there to Bulgaria. (Photo: IMAGO/SNA) Athens Greece and Bulgaria…
Russia must sell off its oil
Oil tanker off the coast of Russia In the background are the oil storage facilities of the Russian port of Kozmino, which serves the Asian market. There, too, the prices…
Russia must sell off its oil
Oil tanker off the coast of Russia In the background are the oil storage facilities of the Russian port of Kozmino, which serves the Asian market. There, too, the prices…
Why the prices in Germany differ
Fuel nozzle at a gas station Europe’s refineries can meet the demand for premium petrol, but not for diesel fuel. (Photo: Reuters) Berlin Drivers in Germany also felt the start…
Putin bans Russian oil exports to countries with a price cap
Wladimir Putin The Russian leadership speaks of a violation of the free market and has been announcing countermeasures against the price cap for weeks. (Photo: AP) Moscow Russian President Vladimir…
Kiel Canal is expected to be closed until Saturday
Spilled oil stops shipping on the Kiel Canal The anti-pollution ship Scharhörn drives across the water to pick up the oil. (Photo: dpa) Brunsbuettel The Kiel Canal is expected to…
EU sanctions: Russian oil exports collapse
Oil field in Russia The EU embargo on Russian oil is having an effect as the country’s oil exports plummet. (Photo: dpa) Zurich, Berlin The sanctions of the G7 industrialized…
Expropriation by the federal government is getting closer – Schwedt in focus
PCK Schwedt The refinery in Brandenburg is essential for supplying East Germany with various products, especially gasoline and kerosene. (Photo: dpa) Berlin, Warsaw Russian crude oil is still flowing into…
That’s why some oil tankers can’t get through the Bosphorus
Russian oil tanker Some oil tankers are currently prohibited from passing through the Bosphorus Strait. (Photo: dpa) Istanbul Ships are piling up on the Bosporus – and there are no…
Europe’s energy supply: Spain & Portugal want to become energy exporters
Madrid Spain and Portugal want to position themselves as energy suppliers for Northern Europe and are fully committed to green hydrogen. At the summit of the Mediterranean countries on Friday,…
EU boycott of Russia causes oil prices to drop
Oil tanker in the Russian Pacific port of Kozmino Exports to China and India already work without services from the West. (Photo: Reuters) Zurich In the Baltic Sea port of…
Can the measures actually harm Russia?
Oil production in Russia The EU embargo on Russian oil has been in effect since Monday. (Photo: dpa) The European Union (EU) oil embargo has been in effect since Monday.…
Turkey stops oil tanker on Bosphorus
Dusseldorf The sanctions rules against Russian oil imports that were launched on Monday have unintended consequences: while Russian oil continues to flow unhindered to buyers in India and China, for…
Russia sanctions are driving up oil prices
oil production The price cap on Russian crude oil is intended to prevent Russia from selling its oil for more than 60 dollars. (Photo: dpa) Dusseldorf The price of oil…
Annalena Baerbock praises India as a value partner
Bangkok Foreign Minister Annalena Baerbock sees India as an important value partner for Germany, despite its extensive oil deals with Russia. On her first visit to New Delhi since taking…
Output remains constant – no new dispute with G7 countries
oil pump The oil network Opec plus does not risk a new dispute with the G7 industrialized countries. (Photo: dpa) Zurich, Frankfurt The alliance of oil exporting countries, Opec plus,…
Oil deposits make Nicolás Maduro an interesting conversation partner for the USA and Europe
Salvador His first international performance outside of Latin America since 2018 Nicolás Maduro used it like a selfie hunter at a celebrity party: At the World Climate Conference in Sharm…
The oil price cap can do something that other sanctions cannot
Oil tanker at sea The West wants to lower the price of Russian oil worldwide. (Photo: STENA BULK via REUTERS) At the moment, even experts do not want to predict…