Tag: Russian
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Saudi Arabia’s imports of Russian diesel recorded a record jump
Saudi Arabia’s imports of Russian diesel reached a record level in May (2023), benefiting from the discounts offered by Moscow, after the European Union banned Russian exports of seaborne oil products on February 5 of this year, as part of a series of Sanctions in response to the war in Ukraine, which aim to reduce…
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Europe gets rid of the shackles of Russian diesel… a prominent role for Saudi Arabia
It seems that Europe’s crisis to find alternatives to Russian diesel has ended, with the entry of new countries into the line of vital supplies for the main sectors. Diesel exports to Europe from countries other than Russia recorded a remarkable rise, and total shipments to the old continent of diesel and red diesel are…
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Official: India’s imports of Russian oil are increasing for these reasons
India’s imports of Russian oil have been rising month-on-month, since shipments from Moscow have replaced crudes from the Middle East and Africa. India’s national oil company “Indian Oil” – the country’s largest refiner in terms of production capacity – confirmed its commitment to long-term contracts with the Middle East, but spot purchases from the region…
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India’s imports of Russian oil drop the share of the Middle East to the lowest level in 22 years
The increase in India’s imports of Russian oil prompted a reduction in the share of Middle East crudes to the lowest level in 22 years last April. India’s purchases of Russian oil rose to new records in April, as New Delhi seeks to take advantage of deep discounts offered by Moscow on its crude. In…
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The increase in the operation of new Russian oil wells in the first quarter of 2023
The operation of new Russian oil wells witnessed a noticeable increase in the first quarter of 2023, despite the voluntary reduction in production announced by Moscow until the end of the year. Russian oil companies began operating 2,001 new oil wells in the first three months of the year, up 10 percent on an annual…
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Conflicting news about an expected setback for Russian oil and coal importers in India
Today, Thursday, May 4 (2023), it was reported that negotiations between Moscow and New Delhi on a bilateral trade settlement in Indian rupees are on hold, which constitutes a major setback for Russian oil and coal importers, but Russian officials quickly dispelled these allegations. They denied the allegations of suspending the rupee trade talks, describing…
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Russian oil finds its purpose in Saudi Arabia and the UAE.. What is America’s position?
Russian oil shipments had to change course, after harsh Western sanctions that followed the war on Ukraine in February 2022. Although the West aimed, behind these restrictions, to dry up the sources of funding for the Russian war led by Vladimir Putin, Moscow succeeded – unexpectedly – in making the most of the new situation,…
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Russian oil is flowing to India and China above the price ceiling levels
India and China turned a blind eye to the US warnings, as they continue to import Russian oil at prices that exceed the ceiling set by Western countries in an attempt to reduce Moscow’s energy revenues. Beijing and New Delhi captured the vast majority of Moscow’s oil exports in April (so far) at prices above…
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India declares its position on buying Russian oil above the price ceiling
India has defended its Russian oil imports, which have peaked recently, stressing that it faces its biggest economic threat. New Delhi confirmed the possibility of buying Russian crude at a level close to or exceeding the price ceiling imposed by the West in the aftermath of Moscow’s war on Ukraine, according to a report published…
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Türkiye’s imports of Russian diesel rose to their highest levels in 7 years
Turkey’s imports of Russian diesel jumped during March 2023, taking advantage of the cheap prices offered by Moscow in the wake of European sanctions. Flows exceeded 10 million barrels in March, nearly 50% more than in February, enough to meet the country’s demand for at least two weeks, according to information seen by the specialized…
