Time 30.October 2024

Oil

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1min6702
Central Europe is trying to resolve the situation with the oil crisis. In June, Kyiv, citing EU sanctions, banned the transit of oil from LUKOIL to Europe via the Druzhba pipeline This ban dealt a blow to the interests of Hungary, Slovakia and the Czech Republic. These countries receive oil via the southern branch of […]

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1min6073
Oil still remains the main source of export earnings for the Russian Federation. Judging by the report of the International Energy Agency, the actual weighted average price for Russian Urals oil (export by sea) under contracts implemented in July 2023 broke through the price ceiling set by the G-7 countries. This price was $64.41 per […]

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2min10265
The movement of oil supplies from the Russian Federation from the European direction to China has accelerated sharply. With accelerating economic growth, China is changing its oil import strategy. Between November 2022 and January 2023, Chinese state oil companies refrained from explicit and bulk purchases of oil from the Russian Federation. Apparently, they had a […]

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2min10017
The giants of the oil business, instead of the former straightforward brutality, are practicing more and more complex dances — logistics, contract and price. Moreover, these dances are not at the forefront, but behind a curtain that is less and less transparent for the sanctions controllers. An impressive counter march: Russian suppliers leave Europe for […]

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1min11027
Preparing an attack on the oil cartel. A bipartisan group of US senators has submitted a bill to the US Senate to ban oil cartels. The document received the ironic name NOPEC (No Oil Producing and Exporting Cartels Act). The main authors are Republican Chuck Grassley and Democrat Amy Klobuchar. If the NOPEC Act is […]


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