Source link Shipments of crude to China and India have surged as Moscow redirects supplies from the EU Russia has sharply increased oil shipments to China and India this year, Nikolay Tokarev, the CEO of the Russian state-owned pipeline transport company Transneft, told the Rossiya24 broadcaster this week. Russia remained China’s top crude supplier in […]
Source link The British security firm Ambrey has described the Chem Pluto as Israeli-affiliated The Pentagon has accused Iran of orchestrating a drone attack on an oil tanker in the Indian Ocean on Saturday, amid heightened tensions in the region fueled by the conflict between Hamas and Israel. The strike on the ship resulted in […]
Source link Russian oil exports this year will be higher than before the beginning of the military operation in Ukraine, indicating a failure of Western sanctions, Russian First Deputy Prime Minister Andrey Belousov said this week. This year’s crude shipments from Russia are estimated at around 250 million tons, which is 7% higher than in 2021, […]
Source link The transit of Russian oil through Belarus will become more costly next year, the Kommersant business daily reported on Saturday, citing Russian energy export giant Transneft. According to the report, the Belarusian operator of the Druzhba pipeline, Gomeltransneft Druzhba, has reached an agreement with Transneft to hike the transit tariff by 10.2% starting […]
Source link Türkiye has been ramping up purchases despite the Western sanctions, according to Reuters Türkiye has become the largest importer of Russian energy in the Western Hemisphere after European countries halted most Russian oil and natural gas imports, Reuters reported this week. Despite being a NATO member, Türkiye has chosen not to cut ties […]
Source link Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving its interests, Oil Minister Diamantino Azevedo announced on Thursday. The African nation, which joined the alliance in 2007, reportedly produces about 1.1 million barrels of oil per day (bpd), compared with 28 million bpd for the whole […]
Source link Brussels will allow Slovakia to export fuel produced from sanctioned crude to the Czech Republic for another year The European Union has granted Slovakia a year-long exemption allowing it to export fuel processed from Russian crude by the country’s oil refinery Slovnaft to the Czech Republic, Reuters reported on Wednesday. Last December, Brussels […]
Source link British energy giant BP is temporarily suspending all crude shipments through the Red Sea due to recent attacks in the region, joining other major freight firms in the move, the company announced on Monday. In its statement, BP cited the “deteriorating security situation” as Yemen-based Houthi rebels have targeted ships traversing the area […]
Source link Bulgaria has prematurely scrapped its exemption from the EU ban, which allowed the country to continue buying crude through 2024 Bulgarian lawmakers have approved a motion that bans purchases of Russian oil for the country’s sole refinery, Neftohim, owned by Russia’s Lukoil, Bulgarian National Television (BNT) reported on Monday. According to the report, […]
Source link At least 11 people have been killed and more than 80 injured in an explosion at a fuel depot in Conakry, the capital of Guinea, local media have reported, citing emergency services. The city’s two main hospitals, Ignace Deen and Donka, are said to be overwhelmed with patients in serious condition. The early-morning […]
Source link Exports of light sweet crude have surged with increased deliveries by rail, data shows Russian oil companies have boosted exports of ESPO (Eastern Siberia-Pacific Ocean) grade crude to China through the port of Kozmino, with deliveries hitting a record high this month, Kommersant reported this week citing tracking data. Shipments of Russia’s ESPO grade […]
Source link Niger will reportedly supply crude to a port in neighboring Benin using a Chinese-built pipeline Niger plans to start supplying the international market with crude oil next month, Reuters has reported, citing the country’s military government. The crude from the landlocked African country is being transported to a port in neighboring Benin via […]
Source link Brussels has reportedly softened the restrictions amid concerns raised by Mediterranean states EU nations remain split about selling oil tankers to Russia, Reuters reported on Monday, adding that diplomats are seeking to compromise on the long-debated 12th package of sanctions on Moscow. The European Commission had previously proposed prohibiting the sale of old […]
Source link Western attempt to curb Moscow’s revenues from crude exports have had the opposite effect Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews The G7 decision to impose a $60-per-barrel price cap on Russian oil aimed to curb Moscow’s revenue from natural […]
Source link The US Treasury Department has called on the G7 to tighten control over the Russian oil trade amid Moscow’s growing shipments, Axios reported on Wednesday, citing a memo. The G7 and EU countries imposed a price limit on Russian seaborne oil sales last year. The measure bans Western companies from providing insurance and […]