Connection

popular articles

Mike Cannon-Brookes redirects his investments to solar power in Australia
SPIE strengthens its presence in offshore wind energy with two new contracts
Marine turbines: an energy revolution underway in France
Guangzhou Gas: first LNG cargo for Nansha terminal
Gazprom and Iran reach strategic agreement on Russian Gas Supply

European Union embargo on Russian oil products

The European Union is taking drastic measures to counter the Russian occupation of Ukraine by imposing a ban on Russian refined oil products, accompanied by price caps. Penalties will be applied if the cap level is exceeded.

Please share:

The European Union has announced that it will impose a ban on Russian refined oil products, including diesel and fuel oil, from February 5. This measure follows an earlier EU embargo on Russian crude oil transported by sea. The coalition aims to punish Moscow for its invasion of Ukraine by depriving it of revenue from its energy exports.

 

How the embargo works

According to this ban, EU vessels are required not to carry oil products of Russian origin and companies that provide technical or financial assistance such as insurance are also interested in this embargo. However, world trade is maintained if services are supplied below the EU price ceiling.

 

Price cap still uncertain

Price ceilings for diesel and heating oil have not yet been determined, but the European Commission has suggested a maximum level that should be in place before the embargo is effectively implemented. Sanctions will be applied to operators and companies that do not respect this ceiling imposed by the European Commission.

Register free of charge for uninterrupted access.

Publicite

Latest news

Ukraine Accuses Slovakia of Blocking €2 Billion Gas Transit
Steelhead LNG accuses Cedar LNG of exploiting data for $1 billion
NANO Nuclear Energy acquires modular reactors for $8.5 million
China: CATL redefines safety with a chassis tested at 120 km/h
Canada records a 2.4% increase in electricity production in October

Recently published in

Ukraine Accuses Slovakia of Blocking €2 Billion Gas Transit

Ukrainian President Volodymyr Zelensky accuses Slovak Prime Minister Robert Fico of rejecting alternatives to Russian gas, jeopardizing a €2 billion annual transit agreement with the European Union.
Steelhead LNG accuses Cedar LNG of exploiting data for $1 billion
Steelhead LNG files a lawsuit against Cedar LNG and its partners in British Columbia, alleging illegal use of confidential data tied to a $1 billion energy project.
en_11401026540
Steelhead LNG accuses Cedar LNG of exploiting data for $1 billion
Steelhead LNG files a lawsuit against Cedar LNG and its partners in British Columbia, alleging illegal use of confidential data tied to a $1 billion energy project.
en_11401026540
Germany Approves Elimination of Cross-Border Gas Tax by 2025
The Bundestag has approved the elimination of the controversial neutrality tax on cross-border gas flows, a long-awaited change that will impact energy exchanges across Europe starting January 2025.
en_11401010540
Germany Approves Elimination of Cross-Border Gas Tax by 2025
The Bundestag has approved the elimination of the controversial neutrality tax on cross-border gas flows, a long-awaited change that will impact energy exchanges across Europe starting January 2025.
en_11401010540
Drone Attack in Russia Hits Oryol Depot with 20 Devices
The fuel depot in Stalnoy Kon, Oryol region, Russia, was targeted by a drone attack involving 20 devices, intensifying tensions around strategic energy infrastructure.
en_11401002540
Drone Attack in Russia Hits Oryol Depot with 20 Devices
The fuel depot in Stalnoy Kon, Oryol region, Russia, was targeted by a drone attack involving 20 devices, intensifying tensions around strategic energy infrastructure.
en_11401002540

Belarus resumes 1.5 million barrels of crude oil via Druzhba pipeline

Crude oil deliveries to Belarus via the Druzhba pipeline have resumed, impacting several European countries after a disruption caused by a technical incident.
The European Union Threatened by U.S. Tariffs on 58 Million Tons of LNG
Donald Trump, the president-elect of the United States, demands increased European imports of oil and liquefied natural gas, threatening the European Union with tariffs, a move that could disrupt global energy trade.
en_11401004540
The European Union Threatened by U.S. Tariffs on 58 Million Tons of LNG
Donald Trump, the president-elect of the United States, demands increased European imports of oil and liquefied natural gas, threatening the European Union with tariffs, a move that could disrupt global energy trade.
en_11401004540
Guyana-Venezuela tensions after military bridge inauguration on Essequibo
Guyana has officially protested against the construction of a military bridge by Venezuela on Anacoco Island, at the heart of the disputed Essequibo territory, a strategic 160,000 km² region.
en_1140988540
Guyana-Venezuela tensions after military bridge inauguration on Essequibo
Guyana has officially protested against the construction of a military bridge by Venezuela on Anacoco Island, at the heart of the disputed Essequibo territory, a strategic 160,000 km² region.
en_1140988540
Niger: Orano challenges the withdrawal of its permit for 200,000 tons of uranium
The French group Orano initiates an international arbitration process following Niger’s suspension of its exploitation permit for the Imouraren deposit, a strategic resource estimated at 200,000 tons of uranium.
en_1140995540
Niger: Orano challenges the withdrawal of its permit for 200,000 tons of uranium
The French group Orano initiates an international arbitration process following Niger’s suspension of its exploitation permit for the Imouraren deposit, a strategic resource estimated at 200,000 tons of uranium.
en_1140995540

Romania supports Moldova in facing the winter energy crisis

Amid uncertainty over Russian gas deliveries to Transnistria, Romania commits to ensuring Moldova's energy security this winter, with emergency measures for electricity and gas supplies.
Norwegian Oil and Gas Investments: 4% Increase Expected in 2025
The Norwegian industry anticipates a 4% increase in offshore investments in 2025, reaching NOK 275 billion, with enhanced exploration to slow the natural production decline.
en_1140923540
Norwegian Oil and Gas Investments: 4% Increase Expected in 2025
The Norwegian industry anticipates a 4% increase in offshore investments in 2025, reaching NOK 275 billion, with enhanced exploration to slow the natural production decline.
en_1140923540
The EU Targets Rosneft and 52 Russian Ships to Counter Sanctions Evasion
The European Union strengthens its sanctions against Russia by blacklisting additional ships and entities linked to Rosneft to combat evasion of the G7 price caps on Russian oil exports.
en_1140921540
The EU Targets Rosneft and 52 Russian Ships to Counter Sanctions Evasion
The European Union strengthens its sanctions against Russia by blacklisting additional ships and entities linked to Rosneft to combat evasion of the G7 price caps on Russian oil exports.
en_1140921540
The OPEC Fund approves nearly one billion dollars for strategic global projects
The OPEC Fund has validated a financing portfolio totaling nearly one billion dollars in the fourth quarter of 2024, distributed across structuring projects in governance, infrastructure, and trade in several strategic regions.
en_1140899540
The OPEC Fund approves nearly one billion dollars for strategic global projects
The OPEC Fund has validated a financing portfolio totaling nearly one billion dollars in the fourth quarter of 2024, distributed across structuring projects in governance, infrastructure, and trade in several strategic regions.
en_1140899540

The depreciation of the won worsens South Korean refiners’ losses amidst political turmoil

The decline of the won against the dollar exposes South Korean refiners to significant losses on crude import costs, while the political crisis surrounding martial law undermines investor confidence.
The United Kingdom and Norway announce a strategic energy partnership
London and Oslo announce a future industrial partnership focused on renewable energy and carbon capture, aiming to secure their energy and economic interests.
en_1140911540
The United Kingdom and Norway announce a strategic energy partnership
London and Oslo announce a future industrial partnership focused on renewable energy and carbon capture, aiming to secure their energy and economic interests.
en_1140911540
Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens
Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens
en_1140874540
Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens
Les « shadow tankers » : un réseau clandestin qui alimente les revenus pétroliers russes et iraniens
en_1140874540
Canada and the United States Join Forces to Secure Critical Minerals in Yukon
A joint investment between Canada and the United States aims to develop Yukon’s infrastructure and accelerate the exploitation of critical minerals essential for North American security and clean energy.
en_1140887540
Canada and the United States Join Forces to Secure Critical Minerals in Yukon
A joint investment between Canada and the United States aims to develop Yukon’s infrastructure and accelerate the exploitation of critical minerals essential for North American security and clean energy.
en_1140887540

The United States Prepares to Sanction the Serbian Oil Industry Controlled by Russia

Serbian President Aleksandar Vucic warns of imminent US sanctions against NIS, majority-owned by Gazprom Neft and Gazprom. A decision that could escalate geopolitical tensions in Europe.
Ontario threatens to cut electricity exports to the U.S. in response to Trump’s plans
Faced with Donald Trump’s proposed tariffs, Ontario’s Premier considers suspending electricity exports to several U.S. states, jeopardizing the supply of 12 billion kWh annually.
en_1140856540
Ontario threatens to cut electricity exports to the U.S. in response to Trump’s plans
Faced with Donald Trump’s proposed tariffs, Ontario’s Premier considers suspending electricity exports to several U.S. states, jeopardizing the supply of 12 billion kWh annually.
en_1140856540
Germany and Nigeria Strengthen Cooperation in Energy Diplomacy
During a visit to Abuja, German President Frank-Walter Steinmeier and his Nigerian counterpart Bola Ahmed Tinubu discussed their energy partnership, focusing on renewable energy and hydrogen.
en_1140852540
Germany and Nigeria Strengthen Cooperation in Energy Diplomacy
During a visit to Abuja, German President Frank-Walter Steinmeier and his Nigerian counterpart Bola Ahmed Tinubu discussed their energy partnership, focusing on renewable energy and hydrogen.
en_1140852540
EU Adopts 15th Sanctions Package: Russian Tankers Under Pressure
The European Union strengthens sanctions against Russia by targeting new tankers involved in the transport of Russian oil and expanding its blacklist of entities supporting Moscow's military effort.
en_1140864540
EU Adopts 15th Sanctions Package: Russian Tankers Under Pressure
The European Union strengthens sanctions against Russia by targeting new tankers involved in the transport of Russian oil and expanding its blacklist of entities supporting Moscow's military effort.
en_1140864540

The collapse of the Syrian regime halts Iran’s oil exports

The overthrow of the Syrian regime disrupts Iranian oil deliveries, crucial for local energy supply. The cessation of this source highlights the growing energy challenges in the region.
Europe Faces Competitiveness Challenge to Secure LNG Supplies
Global demand for liquefied natural gas (LNG) is rising rapidly. Europe must strengthen its competitiveness to secure supply amidst growing competition from Asian and American markets.
en_1140850540
Europe Faces Competitiveness Challenge to Secure LNG Supplies
Global demand for liquefied natural gas (LNG) is rising rapidly. Europe must strengthen its competitiveness to secure supply amidst growing competition from Asian and American markets.
en_1140850540
The Arctic Oil Lease Sale: A Controversial Decision Revived in the United States
The U.S. government plans a new oil lease sale in the Arctic National Wildlife Refuge, a Congress-mandated initiative sharply criticized for its environmental impacts.
en_1140810540
The Arctic Oil Lease Sale: A Controversial Decision Revived in the United States
The U.S. government plans a new oil lease sale in the Arctic National Wildlife Refuge, a Congress-mandated initiative sharply criticized for its environmental impacts.
en_1140810540
Syria: Assad’s Fall Shakes Oil Markets Without Major Disruptions
The collapse of Bashar al-Assad's regime has prompted reactions in oil markets, with a moderate rise in prices. The geopolitical implications for the region and their effects on energy supplies remain uncertain.
en_1140795540
Syria: Assad’s Fall Shakes Oil Markets Without Major Disruptions
The collapse of Bashar al-Assad's regime has prompted reactions in oil markets, with a moderate rise in prices. The geopolitical implications for the region and their effects on energy supplies remain uncertain.
en_1140795540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS