The sixth package of EU sanctions against Russia will immediately impact 75% of Russian oil imports. Russia claims it will find other buyers for its crude. Russia is boosting exports to India and China, but […]
HIGHLIGHTS About 880,000 mt to arrive in June Arrivals dampen demand for other regular crudes China’s independent refineries in Shandong are set to resume taking Russian Urals, with the first cargo arriving in early June […]
China kept buying more energy from Russia, with purchases of oil, gas and coal jumping 75% in April to over $6 billion, even as domestic demand slowed due to a resurgent virus and the US […]
ENB Publishers Note: President Biden asking the Saudis for more oil is an example of hypocrisy in its biggest form. This is actually going to work in favor of the Russians. Iraq has just announced […]
China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow just as Europe works toward banning imports due to the war in […]
Opec has revised its oil demand forecast for this year further down, because of the impact of the war in Ukraine on the global economy, accelerating rates of inflation and Covid-19 restrictions in China — […]
U.S. gasoline futures, pump prices hit all-time highs WTI rises for third week, Brent down for first week in three EU embargo could take 3 mln bpd of Russian oil offline -Rystad Global stock markets […]
The global geopolitical system changed forever at the end of the Cold War, and the U.S. has struggled with how to play the new game, unsure of its position on the world stage. A lack […]
Source: Graph by the U.S. Energy Information Administration, based on China’s National Bureau of Statistics, China’s General Administration of Customs, Global Trade Tracker, and IHS Markit Note: Other natural gas refers to natural gas that […]
With the United States banning Russian energy imports, and Europe weighing how far to go in doing the same, President Vladimir V. Putin of Russia told top officials and industry representatives this week that Moscow […]
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