Tag: derivatives
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Moscow extends the ban on the sale of Russian oil and its derivatives
Moscow announced the extension of the ban on the sale of Russian oil and its derivatives, within the price ceiling previously imposed by the Group of 7 and European Union countries, in December (2022). The decision issued by President Vladimir Putin, today, Monday, June 26 (2023), extends a decree that took effect on February 1,…
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OAPEC Secretary General: 6 Arab countries have oil refineries that produce high-quality derivatives
OAPEC Secretary General Jamal Al-Loughani revealed a number of challenges facing the oil refining industry, in light of international efforts to reduce emissions in order to achieve carbon neutrality. In an article entitled “The Oil Refining Industry and Energy Transformation Initiatives,” Al-Lougati stressed that the decline in investments in hydrocarbon projects will have a serious…
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The largest oil traders in the world are hinting at their return to the activity of selling Moscow crude and its derivatives
The world’s largest oil trader is considering re-expanding the sale of Russia’s crude and oil derivatives again, after a year and more of restricting trade during it due to the Ukrainian war. The CEOs of the Vitol and Trafigura groups revealed their study of resuming extensive commercial dealings in Russian oil and derivatives, without specifying…
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Stocks of oil derivatives in Morocco are not enough for more than a month
Stocks of oil derivatives in Morocco are one of the most important issues that concern the government, in light of its dependence mainly on importing fuel from abroad. Despite the strenuous efforts to secure fuel for the local market, fuel stocks are facing severe shortages compared to the levels required by law. In this context,…
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Russian oil derivatives are witnessing an agreement on the ceiling of their prices
The countries of the European Union, the Group of 7, and Australia agreed on the new price ceiling for Russian oil derivatives, which is scheduled to enter into force starting tomorrow, Sunday, February 5 (2023). And the countries, which met on Friday night, February 3, announced that they had reached an agreement on a new…
