Russia Offers Urals Oil to China at Discount Amid Shifts in Global Energy Trade
This marks a shift in global oil trade as President Donald Trump ramps up pressure on India over its purchases of Russian oil.
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U.S. Weighs Seizing Iranian Oil Tankers: What’s at Stake for Global Markets
According to U.S. officials, the idea would expand a strategy launched two months ago in the Caribbean targeting vessels serving Venezuela.
Oil Holds Three-Day Gain Amid Strikes on Russian Infrastructure and EU Sanctions Debate
Among the latest incidents is an attack on the Saratov refinery, another target in a series of strikes on energy facilities.
Oil Returns to Prewar Levels as the Market Bets on Restored Flows from the Gulf
On Thursday, the international benchmark Brent fell by about 1.8% to around $72.40 a barrel. That put it below the $72.48 mark recorded in late February, on the eve of the US and Israeli strikes on Iran.
US Extends Waiver for Transit of Russian Oil via Kazakhstan
According to Kazakhstan’s Energy Ministry, the exemption was agreed with the US Treasury and effectively ensures the continuity of supplies amid turbulence in global energy markets.
Sri Lanka Seeks Alternatives: Talks with Russia Amid Energy Market Turmoil
According to Bloomberg, the country is considering imports of gasoline and diesel as traditional supply routes come under pressure.
Chevron CEO: U.S.–Iran war hit oil markets harder than the conflict in Ukraine
Speaking at the CERAWeek by S&P Global conference in Houston, Wirth said significant volumes of oil and gas are currently not reaching the market.
Redirected flows: Russian oil changes course
According to Bloomberg, tankers that were previously bound for China are increasingly diverting toward India, where refiners are ramping up purchases of Russian crude.
Rising Oil Prices Help Russia Increase Exports
Russia has accelerated oil shipments to global markets amid a sharp rise in prices and a temporary easing of sanctions restrictions.
Russia May See Oil Revenue Surge Amid War Around Iran
According to Bloomberg, after global benchmark prices climbed above $100 per barrel, the additional income is likely to start showing up in Moscow’s export earnings.
Oil Prices Slide as Markets Price In Hopes of a Russia–Ukraine Peace Deal
Brent Falls Below $60 a Barrel for the First Time in Six Months
Oil Edges Up on Pressure Over Russian Trade and the Risk of Oversupply
Oil prices on Monday extended last week’s gains as the market simultaneously digests mounting pressure on Russian supplies and forecasts of a surplus toward the end of the year.
Trump Urges EU to Impose 100% Tariffs on China and India to Intensify Pressure on Moscow
The initiative came during the U.S. president’s video call into a meeting of senior U.S. and EU officials in Washington, where they discussed ways to raise the cost of the war for Moscow.