Tag: Russian
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Official: Russian oil exports are changing their path to friendly countries
It is no longer difficult for Russian oil exports, which have been affected by Western sanctions, to reach friendly countries, in the wake of Moscow’s circumvention of Western restrictions that restrict the Russian energy industry. Western governments clamped down on Russian energy supplies; With the aim of drying up the sources of its revenues, which…
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Russian oil price ceiling survives revision in March
It seems that the ceiling of Russian oil prices will not witness any additional burdens that may be imposed by the countries allied against Moscow, which were scheduled to review the restrictions imposed this week. And Western officials announced today, Tuesday, March 21 (2023), that it is unlikely that the European Union and the Group…
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Oil storage in Fujairah records record levels with the flow of Russian barrels
The demand for oil storage in Fujairah increased, in conjunction with the change in the movement of crude trade after Western sanctions against Moscow, which diverted the path of Russian barrels towards the Middle East and Asia. It is expected that the demand for oil storage and transit volumes in the port of Fujairah –…
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Russian oil reduces temptations to China and India amid fierce competition for Espoo crude (report)
Russian companies tended to reduce offers of generous Russian oil discounts offered to China and India, the largest Asian and global economies, amid fierce competition for demand over the past months. Private Indian refineries are competing with their Chinese counterparts for future purchase contracts for Russian Espoo crude for delivery in April (2023), according to…
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Russian diesel is making its way to Saudi Arabia.. Will you re-export it?
Moscow tended to replace the Middle East region with European destinations in an attempt to search for new customers for oil derivatives, especially Russian diesel, after the embargo entered into force on February 5 (2023). It appears that the Kingdom of Saudi Arabia is on its way to receive shipments of diesel from Russia, and…
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Russian refiners will not reduce their production despite the ban on diesel exports
Russian refining companies have fallen into a huge crisis, after Russian diesel has been included in the European ban list since February 5, 2023, as part of the tightening of sanctions imposed on Moscow. Although observers expect Moscow to resort to the option of reducing production in response to the sanctions, Russian companies will not…
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Russian oil exports to India are higher than Saudi Arabia and Iraq combined
Indian refiners continue to import cheap Russian oil, taking advantage of discounts offered by Moscow in the wake of Western sanctions in response to its invasion of Ukraine. India’s imports of Russian oil hit a record level in February 2023, keeping New Delhi the largest single supplier of oil for the fifth consecutive month, according…
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China ramps up purchases of Russian oil, fearing “cut” threats
China has intensified orders to buy Russian oil over the past weeks, amid fears that Moscow will cut production. In response to Western sanctions, which force it to make cuts that greatly harm its revenues. And Chinese refineries took advantage of the attractive discounts offered by Russia, and intensified purchases through import orders in large…
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Shadow tankers save Russian oil from Western sanctions.. What are their repercussions?
The shadow tanker fleet has become the subject of increased attention after Western sanctions on Russian oil, in a context that has seen changes in the shipment flow. This fleet consists of a large group of tankers that travel across the world’s oceans secretly without drawing attention, in an attempt to avoid sanctions imposed on…
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Chinese refineries are preparing to increase their imports of Russian oil
Chinese refineries continue to receive flows of Russian oil, and Beijing is seeking to increase the pace of those flows in the coming times, through unannounced official moves with representatives of those refineries. The increase in China’s imports of Russian oil reflects Moscow’s success in providing markets that can absorb its crude, instead of Europe,…
