According to data released by the Russian General Administration of Customs on Saturday, Russia sold 7.42 million tons of coal to China last month. That is the highest monthly export level since such statistics were […]
India, the world’s most populous country, sourced 52.7% of its oil imports from the Middle East. India’s volume of oil consumption increased – doubling since 2012. The world’s most populous democracy is searching for ways to satiate […]
Norway’s $1.3 trillion sovereign wealth fund posted its biggest loss on record as rate hikes, surging inflation and Russia’s invasion of Ukraine spurred volatility. The Oslo-based fund, the world’s biggest, lost 14.4% in the six […]
With the rise in oil exports and fuel prices, Russia’s earnings increased to $337.5bn this year, a 38% increase from 2021, according to an economy ministry document seen by Reuters. If the revenue materialises, it will […]
(Reuters) – Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said, the latest developing country to do so amid a global energy crisis. […]
During the past year, open interest, or the total number of West Texas Intermediate (WTI) futures and options contracts that have not been settled, has declined by 763,000 contracts (26%), averaging 2.28 million contracts in […]
A mixture of rising oil prices will combine with increased demand for Russia’s discounted crude, pumping up oil exports. Those exports will raise Russia’s earnings from oil 38% to $337.5 billion this year, according to […]
Russia’s seaborne exports of crude and oil products continued to elude the thrust of Western sanctions during the first half of August exceeding 6 million b/d for the first time since hitting a post-pandemic high […]
Besides Iran itself, European refiners are among those with most at stake in the negotiations to revive the 2015 Iran nuclear deal and lift US sanctions on Iranian oil exports. The negotiations hang in the […]
There are several reasons to be short crude oil currently – economic recession in the U.S. and looming recessions in Europe, ongoing lockdowns in China, the vested interest of the U.S. in keeping oil below US$75 per barrel of […]
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