Keywords: Oil imports
Several tankers carrying Russian crude originally bound for China have changed course mid-voyage and are now heading to India, as Indian refiners take advantage of a temporary US sanctions waiver to secure discounted supplies amid a global energy crisis. The Aframax tanker Aqua Titan, loaded with Urals......
China is drawing on years of strategic preparation to cushion the impact of escalating disruptions to global oil flows, as military tensions involving Iran enter a third week. As the world’s largest oil importer, Beijing has relied on large crude stockpiles, alternative shipping routes, and rapid......
Russia’s oil revenues recorded a sharp weekly increase after a temporary US sanctions waiver and rising global prices linked to tensions with Iran triggered a rapid market reversal, easing months of pressure on Moscow’s energy income. Seaborne oil export revenues rose by about 890 million......
Russia’s flagship Urals crude is trading at its steepest discount to global benchmark Brent in nearly three years, underscoring mounting pressure on Moscow’s key export revenues as Western sanctions persist and Indian demand weakens. The discount on Urals expanded to $28 per barrel on a......
European Union ambassadors are meeting this week to finalize sanctions against the Kulevi oil terminal in Georgia as part of the bloc’s 20th sanctions package against Russia, in what would mark the first time Brussels targets a port in a country officially seeking EU membership. The proposed measures......
Hungary has declared that it will continue buying Russian oil, rejecting calls from the White House and several Nato allies to end energy imports from Moscow. Speaking on the sidelines of the UN General Assembly, Hungarian foreign minister Péter Szijjártó insisted that energy security......
Former U.S. President Donald Trump has called on European leaders to cease purchasing Russian oil, which he claims finances Moscow’s military campaign against Ukraine. He also urged increased economic pressure on China due to its support of Russia’s war efforts. This appeal was made during......
U.S. President Donald Trump has once again expressed his growing frustration with Russian President Vladimir Putin, criticizing Moscow’s continued aggression in Ukraine. Despite campaign promises to swiftly end the conflict and surpass his predecessor Joe Biden’s efforts, Trump has struggled......
Morocco has significantly increased its imports of vegetable oils, particularly sunflower oil, in recent years. This shift in consumption patterns is largely driven by inflation and changing consumer preferences. According to a report from the Russian Federal Center for the Development of Agricultural......
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