Latest US sanctions on Russia throw global oil trade into disarray
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Source: Reuters
Impact of U.S. Sanctions on Russian Oil Trade: Tightened U.S. sanctions have disrupted the trade of discounted Russian oil to China and India, leading to increased demand for Middle Eastern and African crudes, higher oil prices, and a significant rise in floating Russian oil storage.
Market Dynamics and Future Projections: The sanctions have caused a shift in market dynamics, with Indian refiners seeking non-sanctioned Russian oil and facing rising costs, while analysts predict a potential decline in Russian exports by up to 1.5 million barrels per day, contributing to increased market volatility.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
