Fuel shipments have hit an 11-month high driven by diesel and fuel oil, the outlet has said Russia’s refined fuel exports have surged to their highest level in nearly a year, even as the US imposed new sanctions on the country’s energy sector last week, Bloomberg reported on Thursday. Seaborne shipments of Russian petroleum […]
Continue ReadingThe US President-elect’s advisers are reportedly considering easing restrictions on Russian energy depending on how Ukraine peace talks go Advisers to US President-elect Donald Trump are developing a strategy to push Russia-Ukraine peace talks which could involve easing sanctions on Moscow, Bloomberg reported on Thursday, citing sources familiar with Trump’s plans. Last week, incumbent US President Joe […]
Continue ReadingThe International Energy Agency had earlier warned that US restrictions could disrupt global supply chains Global oil prices soared on Wednesday after the US announced a new sanctions package targeting the Russian oil sector. The rally has also been supported by a drawdown in US crude stockpiles. According to market data, Brent crude futures rose […]
Continue ReadingDaily Standup Top Stories Rethinking the global electricity debate: Why reliable power matters for economic growth January 14, 2025 Clark Savage Developing and industrialising regions and economies require reliable and low-cost electricity from dependable sources. Global economic growth is increasing the demand for efficient cost-effective supply chain for the fuels, thousands of products, and for electricity […] […]
Continue ReadingRussia and Iran will sign a comprehensive strategic partnership treaty on Friday, focusing on defense and security cooperation. The treaty solidifies the growing ties between the two nations, who have increased their cooperation in the context of the Ukraine war and Western sanctions. The partnership also reflects the changing geopolitical landscape in the Middle East, […]
Continue ReadingAlgorithmic trading resulted in significant losses for traders last year due to over-reliance on technical signals. Algorithmic traders have reduced the weight of oil in their portfolios by as much as half, from 4% in July last year to just 2% today. Fundamentals are back in the limelight as traders are focusing on supply trends. […]
Continue ReadingSix European Union countries on Monday called on the European Commission to lower the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would reduce Moscow\’s revenues to continue the war in Ukraine while not causing a market shock. Price caps on Russian seaborne crude as well as refined […]
Continue ReadingTo avoid US sanctions, Serbia should completely remove Russian ownership of the National Oil Company of Serbia (NOCS), the country\’s largest energy company, US Assistant Secretary of State for European and Eurasian Affairs James O\’Brien said. On Friday, the administration of outgoing US President Joe Biden imposed its broadest package of sanctions to date, […]
Continue ReadingDaily Standup Top Stories Ukraine tried to sabotage Russian gas supply to Türkiye – Moscow January 13, 2025 Mariel Alumit A drone attack has been thwarted at a key compressor station, the Defense Ministry has said Ukraine has launched an unsuccessful drone attack on Russian energy infrastructure which delivers natural gas to Türkiye , […] Tougher […]
Continue ReadingThe latest Western restrictions are expected to disrupt Moscow’s oil supply to its biggest buyers, China and India India, the world’s third-largest oil importer, is not expecting any disruption to its oil purchases from Russia in the next two months, despite the latest US and UK measures against Moscow’s energy sector. A senior government official […]
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