Russia, Iran, and India are speeding up efforts to complete a new transport corridor that would largely cut Europe, its sanctions, and any other threats out of the picture. The International North-South Transport Corridor (NSTC) is […]
On Thursday 22 December 2022, Luxembourg’s Ministry of Energy and Spatial Planning announced that, given the current energy crisis and price increases, the tripartite agreement of 28 September 2022 provides for measures aimed at countering […]
Russia and Iran are building a new transcontinental trade route stretching from the eastern edge of Europe to the Indian Ocean, a 3,000–kilometer (1,860–mile) passage that’s beyond the reach of any foreign intervention. The two […]
The Bank of America has predicted that Brent could quickly go past $90 per barrel on the back of a dovish pivot in the U.S. Federal Reserve and successful economic reopening by China. BofA’s chief […]
As European refiners look to replace Russia’s Urals crude grade ahead of an EU import ban that takes effect in just three weeks, Norway is emerging as their preferred source of alternative feedstock. Shipments of Norway’s medium, […]
The United States and its Western allies have agreed that a cargo of Russian oil will only be subject to the price cap mechanism at the first sale of the oil to a buyer on […]
WASHINGTON, Nov 4 (Reuters) – The price cap on Russian oil exports to be imposed by G7 countries and Australia next month will apply only to seaborne cargoes through the first landed sale and will […]
The EU has expanded its ban on extending cryptocurrency services to Russian citizens, in an eighth round of sanctions which were ratified on Thursday. The extended measures will be added to an existing round of […]
IEA: EU ban on Russian seaborne crude may take 2.4 million bpd off the market. IEA: Total Russian oil production will decline to 9.5 million bpd. European countries are importing more Russian crude ahead of […]
However, the officials insisted that given enough time, the country will suffer American officials admitted to CNN on Friday that US-led sanctions haven’t crashed Russia’s economy. Despite Moscow’s record energy revenue and the strength of its […]
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