The U.S. and its allies are facing challenges in containing Russia's invasion of Ukraine as western sanctions fail to restrict Moscow's access to petrodollars. Russia has been exporting almost all its oil cargoes at prices exceeding the Group of Seven-imposed price cap, with gross revenues from petrodollars doubling between April and October. Despite the sanctions, Russia's Urals oil prices have fallen below the $60 cap, indicating potential loopholes in the sanctions. Crude oil prices have fluctuated, with West Texas Intermediate Crude trading near $73 a barrel and global benchmark Brent plunging almost 5% on Thursday.
Our analysis of Russia’s shadow fleet and ways to make the oil price cap work. https://t.co/zUoiExCNue
BREAKING: Oil prices up over 3.7% today
Russia's Urals oil from Baltic ports falls below $60 cap amid sanctions https://t.co/6ZVj3QQajq https://t.co/57oRFkH7VF
🔴 URALS OIL PRICES FALL AMID RISE IN FREIGHT RATES AFTER US SANCTIONS AND WEAKER BRENT - TRADERS.
🔴 RUSSIAN URALS OIL PRICES FALL BELOW PRICE CAP FOR FIRST TIME SINCE JULY - TRADERS.
Russian Figures Suggest Western Oil Sanctions Not Working Gross revenues from three main tax sources of petrodollars nearly doubled between April and October, coming to more than $13 billion last month, Bloomberg calculations based on the Finance Ministry’s data show. The… https://t.co/KPXJWYYcUw https://t.co/beugSlvrea
Russia is exporting almost all its oil cargoes at a price exceeding a Group of Seven-imposed price cap, the latest sign that western sanctions are failing to restrict Moscow’s access to petrodollars https://t.co/KfJ6fdJF7L https://t.co/Qs9DbipK1x
Oil’s mini rout is pushing Russia’s flagship Urals crude prices back down toward a $60 a barrel price cap level set by the Group of Seven https://t.co/rDBy5eBLNL
Oil’s mini rout is pushing Russia’s flagship Urals crude prices back down toward a $60 a barrel price cap level set by the Group of Seven https://t.co/1cSiBVFqX9
The west’s sanctions on Russian oil exports aren't depriving the Kremlin of cash to fund its war in Ukraine, analysis suggests https://t.co/XzCGVbWuhV
The west’s sanctions on Russian oil exports aren't depriving the Kremlin of cash to fund its war in Ukraine, analysis suggests https://t.co/AWiFGqz1WZ
The west’s sanctions on Russian oil exports aren't depriving the Kremlin of cash to fund its war in Ukraine, analysis suggests https://t.co/ERsobyBneI
US sanctioned tankers previously shipped Russian crude to India - data https://t.co/qF7hoOaDud https://t.co/w7hQGrCb0Y
West Texas Intermediate Crude traded near $73 a barrel after dropping more than 20% from a high in September. Global benchmark Brent plunged almost 5% on Thursday. https://t.co/qlsnpMose9
Crude oil prices 27th of September: $91 Now: $73 https://t.co/umHaT5K2S6
U.S. TARGETS MARITIME COMPANIES, VESSELS FOR SHIPPING OIL ABOVE RUSSIAN PRICE CAP (Reuters) The United States on Thursday imposed sanctions on maritime companies and vessels for shipping oil sold above the G7's price cap, as Washington seeks to close loopholes in the mechanism… https://t.co/ZQSDauWgru https://t.co/ToCGqKgbtM
Russia sold 99% of its oil above the G7's price cap last month https://t.co/Qo9m8ZMXuR
Provocative op-ed from @eugene_rumer and @andrewsweiss: https://t.co/et2kA992jI “[Western leaders] have indulged all too often in magical thinking—betting on sanctions, a successful Ukrainian counter-offensive or the transfer of new types of weapons to force the Kremlin to… https://t.co/MtzlhOT0hY
Crude oil today... https://t.co/2pdcBOPHdv
While the Western effort and willingness to endure significant costs to impose sanctions on Russia deserve much praise, so far, the sanctions have not posed insurmountable challenges for the Kremlin, John V.C. Nye and Maria Snegovaya write. https://t.co/ggZVQuDuln
Crude oil prices 27th of September: $91 Now: $72 https://t.co/gXl8NWOqiI
The US sanctions three shipping companies located in the United Arab Emirates for allegedly violating the $60-per-barrel price cap on Russian oil https://t.co/yJl699DH8i
The US sanctions three shipping companies located in the United Arab Emirates for allegedly violating the $60-per-barrel price cap on Russian oil https://t.co/EXhSl4XRyd
The US sanctions three shipping companies located in the United Arab Emirates for allegedly violating the $60-per-barrel price cap on Russian oil https://t.co/7CBG5Ou140
Russia is exporting almost all its oil cargoes at a price exceeding a Group of Seven-imposed price cap, the latest sign that western sanctions are failing to restrict Moscow’s access to petrodollars https://t.co/tMqnlLAFFS
Russia is exporting almost all its oil cargoes at a price exceeding a Group of Seven-imposed price cap, the latest sign that western sanctions are failing to restrict Moscow’s access to petrodollars https://t.co/y21nGkH4HC
Opinion: Many commentators fail to recognise that Putin today sees the conflict in Ukraine as part of a kind of ‘forever war’ with the west https://t.co/SvLWorQwCF
Russia has withstood efforts to reverse its invasion of Ukraine. Now the U.S. and its allies must shift to a new strategy of containment, write Eugene Rumer and Andrew S. Weiss. https://t.co/KvN7MJNm4Y https://t.co/KvN7MJNm4Y
Russia earns €550 billion from oil and gas exports amid changing dynamics in European Union imports https://t.co/O9ccZwsxR0 https://t.co/QS57KULPaY
Crude oil back below $75.