Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the […]
Since Russia invaded Ukraine, many Western oil companies as well as traders, shippers, and bankers have stayed away from Russian oil. But a new report by CNN indicates Russian crude may be seeing a resurgence […]
Beijing’s caution in challenging U.S. supremacy around the globe might be dissipating. Practical ramifications for the global oil sector from China’s geopolitical shift would be enormous. President Xi has signed a new directive that gives […]
Cheap Russian oil is finding its way into more corners of China’s refining industry, with buyers from coastal and inland regions snapping up cargoes that the US and Europe can’t touch. Chinese companies registered in […]
Crude oil demand could be picking up again in China, but the market remains wary of increasing disruption to Russian supplies, Australia’s ANZ Bank said in a Wednesday note. Oil trader Vitol said Chinese demand […]
Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the […]
ENB Editors Note: Sanctions don’t work when imposed, and even California and the Eastern Sea Board of the United States have circumvented sanctions to buy cheap oil from Iran for the last 5 years and […]
Exxon has claimed waiving the Jones Act vessel requirements will tame prices Tools at Biden administration’s disposal are limited: analyst Waiving a century-old shipping law to let foreign-flagged vessels transport fuel between US ports — […]
HOUSTON, May 19 (Reuters) – U.S. refiners imported about 1.3 million barrels per day (bpd) of crude and fuel oil from Latin America in April, the highest in seven months according to U.S. Customs data, […]
The sanctions placed on Russia as a result of the Russia-Ukraine conflict has led to a $237.5 billion decline in the Eastern Europe oil and gas project pipeline as restricted access to intermediate goods and […]
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