Oil

Sergey Stankevich23.08.2024

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 […]

Sergey Stankevich11.08.2023

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 […]

Sergey Stankevich23.04.2023

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 […]

Sergey Stankevich24.03.2023

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 […]

Sergey Stankevich16.03.2023

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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A Long Overdue Step

Breaking the Ceiliing

What’s with the Russian Oil?

Oil Games

Roll the Barrel Again

World War I Heroes In Memoriam: Part One

Build Where We Can, Not Where We Want

MUFG Bank Fires Worker for Stealing Over ¥1 Bil from Customers

Iran Ready for Confrontation or Cooperation