Oil
Singapore blends Rosneft for further re-export
In late 2022, russia increased oil exports to Singapore, where russian raw is blended with other grades and then re-exported.
Russian oil fell in price to less than $40/barrel
The price of russian oil is currently twice as cheap as the world’s leading grades. Also, the value of Rosneft fell to a level lower than the limit, which was introduced by the G7 countries to limit moscow’s income.
Russia sells oil 30% cheaper than the limit of $60/barrel
Four days after the G7 countries limited the price of russian oil, part of the raw materials from russian federation is trading below the established threshold level.
The price of Rosneft fell below the limit proposed by the EU
The price of the leading brand of russian oil, Urals, fell below the level on which the countries of the European Union are trying to agree.
The EU countries did not reach an agreement on the price ceiling for russian oil
Negotiations between the governments of the European Union countries on limiting prices for russian oil are ongoing.
The USA allowed the supply of Rosneft to Japan and some EU countries
The permission to supply oil from russia to a number of European countries and Japan will be valid until September 30 next year.
The EU is ready to impose price restrictions on russian oil
Vitaliy Kim, the head of the Mykolaiv Regional Military Administration, called on representatives of construction companies to return to restore the region.
India will continue to buy russian oil
India’s foreign minister has said that India will continue to buy russian oil as it is beneficial for the country.
The use of the “shadow fleet” led to an increase in accidents
Russia is actively building up a decommissioned “shadow” fleet to circumvent sanctions; insurers avoid former clients in moscow. As a result, the risk of accidents on outdated “shadow” vessels is increasing.
Saudi Arabia lowered oil prices for Asia and raised them for Europe
The state-owned oil and gas company of Saudi Arabia, Saudi Aramco, reduced the December sale prices for oil for Asian countries, kept it for the USA, and mainly increased it for Europe.
