OPEC
The US demands that India unload Russian oil tankers by February 27 and complete financial transactions by March 12. India, the largest buyer of Russian oil, is looking for new suppliers among OPEC countries, the United States, and others.
Trump's representative announced a strategy to reduce world oil prices to weaken the russian economy. The plan calls for cooperation with OPEC and the use of economic leverage instead of military aid.
Trump said that lower OPEC+ oil prices are key to ending the war in Ukraine. In his opinion, a reduction in russia's oil revenues will force Putin to stop military action.
Brent and WTI crude oil show a weekly drop of 3-4% after Trump's statements about increasing US production. The President demands that OPEC and Saudi Arabia reduce prices and increase investment in the US.
Oil imports from Russia to China increased by 1% to reach a record 108. 5 million tons in 2024. At the same time, supplies from Saudi Arabia fell by 9%, and total oil imports to China decreased by 1.9%.
Rates for the transportation of ESPO oil from Russia to China increased from $1. 5 million to $5-5.5 million. US sanctions have affected tankers transporting Russian oil and led to vessel demurrage off the coast of China.
Brent and WTI crude oil prices fell by 0. 5% after reaching multi-month highs. Falling US oil inventories and new sanctions against Russia are affecting the global market.
For the first time, the European Commission plans to impose sanctions against Russia without taking into account the vetoes of individual countries. Decisions on sanctions will be made by a qualified majority, not unanimously.
Brent and WTI oil prices rose amid US sanctions against Russian tankers. The IEA warns of possible supply disruptions, and OPEC predicts an increase in oil demand by 2026.
India plans to ban the unloading of oil tankers that have been sanctioned by the United States for transporting Russian cargo. The country will look for alternative oil suppliers from the Middle East and other regions.
Brent crude oil exceeded $81 per barrel after the US imposed sanctions on the Russian energy sector. China and India are urgently looking for alternative sources of oil supply.
KazMunayGas proposes to buy Bulgaria's only oil refinery from Russia's Lukoil. The deal could strengthen the position of Kazakh oil in Europe and double the company's refining capacity in the region.
Brent and WTI crude oil prices have risen amid declining supplies from Russia and OPEC countries. Analysts predict a decline in oil prices in 2025 compared to 2024.
Bharat Petroleum Corp is looking for alternative oil supplies from the Middle East due to the reduction in Russian imports. India's purchases of Russian oil have fallen to their lowest level since December last year due to tighter sanctions.
Brent crude rose to $73. 58 and WTI to $70.10 per barrel due to expectations of a reduction in supplies. Analysts predict stable prices and rising demand in the coming months amid Chinese stimulus.
Russia's maritime oil exports fell to 3. 06 million barrels per day due to terminal repairs and sanctions pressure. Two-thirds of Russia's “shadow fleet” tankers are idle at ports due to tighter Western sanctions.
Brent and WTI oil prices rose 0. 5% due to political tensions following the overthrow of the Assad regime in Syria. Saudi Aramco is cutting prices for Asia due to weak demand, while OPEC+ is delaying production increases until April 2025.
Russia's maritime oil exports fell by 150,000 barrels per day by November 24. The largest decline occurred in Russia's western ports, where shipments fell by 25% compared to last month.
Oil prices have stabilized after a 6% rise last week due to tensions between the West, Russia and Iran. Brent is trading at $74.91, WTI at $70.89 per barrel.
Mohammed bin Salman will not attend the G20 summit in Rio de Janeiro due to a chronic ear canal disease. The decision could also be influenced by Putin's absence and the end of Biden's presidency.
Brent and WTI crude oil fell by 0. 9% due to weak demand in China and a 4.6% decline in refining. The IEA predicts an excess of supply over demand by 2025, despite the OPEC+ cuts.
Russian oil exports rose to 23. 96 million barrels in the week to November 10. Increased shipments through the Arctic port of Murmansk offset a drop in exports through Kozmino.
OPEC+ postponed the increase in oil production for a month, which led to a rise in Brent and WTI prices by more than $1. The market is awaiting the US elections and the Fed's interest rate meeting.
Brent and WTI crude oil rose by more than $1 due to reports that Iran is preparing to strike Israel from Iraq. Prices were also affected by expectations that OPEC+ would postpone production cuts.
russian offshore oil exports rose by 120,000 barrels per day for the second week in a row. Total exports reached 24.79 million barrels, with a four-week average of 3.41 million barrels per day.
Futures for Brent and WTI rose slightly after falling by 4%. Experts point to uncertain price prospects due to geopolitical tensions and weak demand forecasts.
The island nation of Sri Lanka has announced its application to join the BRICS. The application will be officially submitted during the BRICS summit in Kazan on October 23-24.
Brent and WTI futures fell by 0. 7-0.8% due to a better supply outlook and weak demand growth. The escalation of the conflict in the Middle East and the possible resumption of production in Libya also affected the market.
Russian crude oil exports from key western ports fell to a 19-month low in July, which led to an overall decline in marine oil flows worldwide.
Slovenia has become the sixth European country to import gas from Azerbaijan. On August 1, Azerbaijani gas from the Shah Deniz field began to flow to Slovenia under a memorandum between SOCAR and Geoplin.