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Russian oil

Energy & Commodities

US likely to extend Russian oil waiver to temper Iran war shock: sources

Oil prices have spiked since the start of the war due to the partial closure of the Strait of Hormuz

The waivers have prompted criticism from European allies and members of Congress who say that the US is allowing adversaries to profit from its effort to increase global oil supply.
Global Enterprise

Asian nations push US to extend sanctions waiver on Russian oil

India and the Philippines are among countries urging the US to renew the sanctions reprieve on Russian oil

Russia’s main revenue from its vast oil and gas industry is based on production.
Global Enterprise

Iran war to double Russia’s main oil revenue to 700 billion roubles in April

A calculation by Reuters suggests this is the first evidence of a windfall for the country from the conflict

Russia produces around 10 million barrels of crude per day and about half are exported.
Global Enterprise

World is lining up for Russian energy, the Kremlin says

Beyond oil, the nation is also moving LNG eastwards

Asia is set to receive more than three million tonnes (614,500 barrels per day) of Russian fuel oil this month, according to ship-tracking data from Kpler and LSEG.
Global Enterprise

Asia’s Russian fuel imports poised to hit all-time high due to Middle East disruption

South-east Asia is expected to be the top recipient

Chinese state oil firms stopped buying Russian oil after Washington imposed sanctions on Moscow’s biggest oil companies, including Rosneft.
Energy & Commodities

China oil majors resume seeking Russian oil after 4-month halt: sources

This is to head off supply shortages caused by the war in the Middle East

Smoke rises following an explosion during a protest marking the annual al-Quds Day (Jerusalem Day) on the last Friday of the holy month of Ramadan in Teheran, on Mar 13.
Global Enterprise

Trump says US will hit Iran ‘very hard over the next week’ after easing sanctions on Russian oil

Oil prices rise despite US waiver, Brent crude at US$99.50

The licence issued by Washington authorises the delivery and sale of Russian crude oil and petroleum products loaded on vessels on or before Mar 12.
Global Enterprise

US issues 30-day sanctions waiver for purchase of Russian oil at sea

Russian envoy says the move will affect 100 million barrels of oil

The new trade deal is expected to offer relief to India’s economy.
Global Enterprise

Trump’s surprise trade deal with India resets fractured ties

The US will cut its levy on Indian goods to 18% from 25%, lower than most Asian peers

The latest concerns about oversupply, which put pressure on prices, have been balanced by attacks on Russian infrastructure over the weekend and tensions between the US and Venezuela.
Energy & Commodities

Oil eases amid uncertainty around Russia-Ukraine peace plan, oversupply worries

Both benchmarks advanced more than 1% on Dec 1

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