And the countries of the OPEC+ alliance, which includes Russia and the OPEC group countries, have announced that they will voluntarily cut oil production by more than a million barrels a day
“Sentiment in the oil market remains negative,” ING analysts Warren Patterson and Ewa Manthe said in a note to clients. “Investors appear to be increasingly concerned about the global outlook and its
Both benchmarks closed at their lowest levels since March 24 in the previous session, during which they also recorded the largest one-day percentage decline since early January this year. The US Federal
Moreover, the maritime flows did not reflect this reduction in production, in addition to the fact that the refineries in Russia did not register a significant drop either, as the figures indicate
New Delhi. Since the outbreak of war between Russia and Ukraine, India has increased its import of oil from Russia. Due to the Ukraine war, Russia is facing sanctions from Western countries,
According to the FGE, Russian gasoline is leaking into tanks in the United Arab Emirates and West Africa – which was previously considered a rarity. Entitled “A bullet in the leg”. Russia
India’s third-largest bank, Bank of Baroda, has stopped making regular payments for Russian oil purchased above the “ceiling” of $60 a barrel. Bank officials fear secondary sanctions, Reuters reports . That payments
As Chinese president Xi Jinping who is believed to be much more comfortable staying at home has gone on his first official visit after being elected to a third term in power,
The US Treasury has urged Trafigura and Gunvor not to be afraid to enter into contracts for the supply of oil from Russia, which trades under the price cap set by the
The United States secretly buys Russian oil, which is then sent to the European market. This opinion was expressed by OilPrice experts.Journalists noted that the United States increased the export of energy
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