India increases import of Russian oil products
Exports of oil products from Russia to India reached almost $130 million in August. Russia regained its first place in Indian imports of oil products.
Russian Oil
Russia to increase oil supplies to Kazakhstan
The Russian Ministry of Energy clarified that this applies to certain categories of oil products
How much oil China buy from Russia in 2024?
China increased its gas purchases from Russia by 22.5% in the first half of this year, China's Vice Premier Ding Xuexiang said.
Russia continues oil supplies to Hungary and Slovakia
Russia continues to supply supplies to Hungary and Slovakia. Moscow is interested in continuing supplies through the Druzhba. The Czech Republic has never abandoned Russian oil supplies either.
UAE sets Russian oil products import record
The United Arab Emirates stepped up its buying of Russian oil products in 2023, as the volume of its purchases from Russia increased fourfold - from $237.8 million up in 2022 to $971.4 million. The UAE …
Denmark not to close Baltic Sea to Russian oil
Denmark wants to limit the passage of oil tankers in the Baltic Sea. In this way, Europe wants to limit the transportation of Russian oil. However, Denmark cannot introduce such a ban since the Baltic Straits are international waters.
Russia to cut oil production by nearly 0.5 mln bpd
Russia plans to cut its oil production and export by an average of 471,000 barrels a day in the second quarter of 2024 as part of its voluntary commitments under the OPEC+ deal, Russian Deputy Prime Minister Alexander Novak said. …
Iran's oil minister voices hope for expansion of Moscow-Tehran energy cooperation
Iranian Oil Minister Javad Owji expressed hope that cooperation with Russia in the energy sector will expand. Speaking at a meeting of the intergovernmental commission on trade and economic cooperation between Russia and Iran in Tehran, …
U.S. expands anti-Russian sanctions: 3 UAE companies on the list
The U.S. Treasury Department said it had put sanctions on three entities based in the United Arab Emirates (UAE) and one tanker registered by Liberia for violating a cap placed on the price of Russian oil by a coalition of Western nations. …
Kazakhstan to keep cost of Russian oil transit to China for 10 years
Kazakhstan will keep the cost of transit of Russian oil to China until 2034, the press service of Kazakhstan’s national operator on the KazTransOil main oil pipeline said. From January 1, 2024 through December 31, 2033, the cost …
Transit of Russian oil to Uzbekistan through Kazakhstan to increase
Kazakhstan is ready to increase oil transit supplies from Russia to Uzbekistan this year. It is planned to increase supplies by 50 thousand tons.
What does Red Sea crisis mean for Russian oil and gas?
A surge in oil tanker earnings extended as the disruption to traffic through the Red Sea lifts the cost of hauling some barrels. Rates for vessels carrying fuel from the Middle East to Asia have almost tripled since the United States …
Russia became China's main oil supplier in 2023
Russia is increasing its energy exports to China
Does U.S. lift sanctions against Russian oil?
The United States resumed importing Russian oil last October for the first time since March 2022. The interruption in the supply of energy resources was one and a half years. The U.S. resumed imports of Russian oil in …
Russia remains Turkey's main energy supplier
Russia has retained its position as the main supplier of natural gas and oil to Turkey in 2023, the Turkish Hurriyet newspaper reported, citing data from the Energy Market Regulatory Authority. Moreover, Russia is the main exporter of …
Kazakhstan hikes oil transportation tariff rate for Russia
KazTransOil raised the tariffs for Russia's oil transportation through Kazakhstan's section of the Tuimazy-Omsk-Novosibirsk-2 oil pipeline (TON-2) from January 1, 2024 by 37 cents. Tariff rates for oil transportation …
What oil market anticipating in 2024?
Russian Deputy Prime Minister Alexander Novak expects the Brent oil price at $80-$85 per barrel next year, broadly in line with current levels.. He told Rossiya-24 state TV that Russia expects that the export of oil and petroleum …
U.S. tightens control mechanism for Russian oil price ceiling
The United States and its allies have updated measures of ensuring compliance with the price cap for Russian oil, the U.S. Treasury Department …
Anti-Russian sanctions: US expands anti-Russian blacklist
New entities have been added to the US sanctions list against the Russian Federation
Russian oil supplies to Uzbekistan may increase
The Ministry of Industry and Trade of the Russian Federation announced its readiness to increase oil exports to Uzbekistan. Moscow is also ready to support Tashkent's initiatives to develop resources.
