Oil
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 As a result, the risk of accidents on outdated “shadow” vessels is increasing.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.
The russians have found a way to circumvent oil sanctions
Oil and gas company “Lukoil” found an opportunity to circumvent sanctions on russian oil. For this purpose, it uses its capacities in Sicily.
The United States has postponed price restrictions on russian oil until January
The US has postponed the start of the price cap on russian oil, giving tankers another 45 days to unload.
The US imposed sanctions on the smugglers of Iranian oil
The US Treasury Department has blacklisted more than a dozen companies, six individuals and eleven vessels linked to the export of Iranian oil for supporting terrorist organizations.
Oil production in russia is falling rapidly
OPEC predicts a significant drop in oil production in russian federation until 2027.
Russian federation has increased sea exports from Urals to Asia
Sea exports of Urals oil to Asia increased before the December EU embargo on oil and oil products of the aggressor country.
Oil fell due to tightening of COVID-19 restriction in China
Oil prices fell more than $1 today after updates on China’s factory activity and fears that new COVID-19 restrictions will reduce demand.
Oil agony: russian federation is trying to increase oil exports before the EU sanctions
Before the onset of winter, russia is trying to increase the volume of oil exports. For this, the terrorist country buys decommissioned tankers for the “shadow fleet”.
