Tag: Russian
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US Gasoline Shortage May Exacerbate By Russian Diesel Embargo (Report)
The gasoline shortage crisis in the United States is set to worsen in the coming weeks and months, with seasonal fuel inventories dropping to their lowest levels in 13 years. New York and most states on the east coast of the United States are expected to be at risk of severe fuel shortages this summer,…
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An expected decline in Saudi oil prices to Asia..Is Russian crude dangerous?
It seems that the competition in the Asian markets will become more difficult, with the spread of news that Saudi oil prices may witness a decline in Asia during the month of March next. Saudi Arabia (the largest oil exporter in the world) may resort to lowering the prices of crude grades to Asia for…
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Russian diesel will not be spared from the price ceiling.. and Europe is studying a maximum of $100
The European Union is close to banning Russian oil derivatives transported by sea, particularly Russian diesel, a step that could lead to a scarcity of global supplies and an increase in prices. It is likely that the impact of the ban on Russian oil derivatives will become more severe than the ban on Russian oil…
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A new trick to export Russian oil and store it in an Arab country
Russian oil continues to lure many global markets with its cheap prices, prompting some to circumvent the sanctions imposed on Moscow following its invasion of Ukraine. In this context, it was noted the increasing demand for oil storage tanks in Singapore and the UAE, indicating that Russian oil is being blended and re-exported globally. Storage…
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Attempts to ban Russian oil did not raise global prices despite the European Union’s hardening (article)
Read in this article • EU discussions focused on a range of $65-70 per barrel as a maximum • Poland and the Baltic countries saw that the price of 65 dollars per barrel was very generous to Russia • The continued drop in Crude Oil prices last week was somewhat surprising • The OPEC+ alliance…
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Turkey will not stop buying Russian oil despite the “price ceiling” (article)
Russia’s invasion of Ukraine, and the embargo on Russian energy exports, provided a good opportunity for Turkey to import cheap Russian oil; Moscow sold oil at a huge discount to some Asian countries and Turkey. To reduce the impact of sanctions on its oil exports. In the past 4 decades, Russia has played an important…