Tag: Russian
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Russian oil prices to China hit their highest levels in 7 months
Prices of Russian oil shipped to China rose to a seven-month high, amid expectations that Iranian oil will replace imports from Moscow. Russia’s light, sweet Espoo crude, which was loaded at the Pacific port of Kozmino for delivery in August to China, traded at a discount of $4 per barrel to Brent futures on an…
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The Russian war against Ukraine is changing the energy landscape.. What is India’s role? (article)
Read in this article The war provided unexpected opportunities for India to increase its purchases of Russian oil at a discount European Union officials have grown increasingly concerned about the rise in the shadow fleet carrying Russian oil India’s role in the global oil market is becoming increasingly prominent Russia’s federal budget revenues from fossil…
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India’s imports of Russian oil hit the highest level in 10 months
India’s imports of Russian oil rose to a new record high in June 2023, marking the highest level in 10 months, according to energy market research firm Kepler. At the same time, some oil refineries in New Delhi have started paying some shipments in Chinese yuan. The head of the crude analytics sector in the…
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A new shipment of Russian oil to Pakistan
Today, Tuesday, June 27 (2023), the port of Karachi received the second shipment of Russian oil to Pakistan, within the framework of the recently signed agreement between Moscow and Islamabad. The arrival of the tanker, with a cargo of 55,000 tons (400,000 barrels) of Urals crude, came about a week late, due to insufficient space…
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Oil prices are rising with the support of the Russian crisis… and “Brent” is near $75
Oil prices began trading today, Tuesday, June 27 (2023), with an increase, supported by concerns about political instability in Russia and potential supply disruptions, as well as hopes for a recovery in US demand before the summer season. The political situation in Moscow stabilized after the armed mercenaries withdrew from the city of Rostov in…
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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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First shipment of Russian oil to Pakistan paid in Chinese currency (Update)
The first shipment of Russian oil to Pakistan was a glimmer of hope for the Islamabad government, which seeks to reduce the energy bill in light of the country’s suffering from a stifling economic crisis, as a result of which foreign exchange reserves fell to less than $10 billion, and its national currency underwent a…
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The first shipment of Russian oil to Pakistan reaches the port of Karachi
Russian oil flows to Pakistan represent a glimmer of hope for the country, which is thirsty for energy supplies to meet its domestic needs in light of an energy crisis afflicting it, in addition to the possibility of paying for it in currencies other than the US dollar. Islamabad is suffering from a severe crisis…
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A report reveals a decline in Russian oil production by 300,000 barrels per day
Participants in global markets seek to verify Moscow’s commitment to reducing Russian oil production to 9.5 million barrels per day, in the period from March 2023 until the end of the year, as part of a group of voluntary production cuts for several member states of the OPEC + alliance, with the aim of achieving…
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Russian oil leads Asia’s imports to the highest level in 2023
Shipments of Russian oil pushed Asia’s crude imports to a record high in May 2023, in light of the continued growth of purchases by China and India, which are benefiting from attractive discounts offered by Moscow following Western sanctions imposed on it over its war in Ukraine. Asia’s oil imports are expected to rise to…
