Russia became the main supplier of oil to India
The Indian government fears that the price cap on Rosneft will hit supplies and block payment channels.
The Indian government fears that the price cap on Rosneft will hit supplies and block payment channels.
Asian refiners are demanding even bigger discounts on Urals after the G7 taps cap Rosneft prices at $60 per barrel (d/d).
Azerbaijan’s state oil company SOCAR has suspended purchases of russian oil for its refinery in Turkey.
Ukraine is working to reduce the price of russian oil to $30-35 per barrel.
akistan will buy crude oil from russia at a reduced price due to the balance of payments crisis.
Tanker owners are trying to charge more for risk amid the introduction of EU sanctions on December 5. Due to this, the freight rates for vessels carrying Rosneft have increased.
Russian raw oil production will decrease by 2 million barrels per day by the end of the first quarter of 2023.
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.
A tanker with russian oil has been standing near the coast of the UAE for 3 days. The Persian Gulf country is likely to become a buyer of russian raw materials.
The Chinese tanker Linda I with a cargo of russian oil interrupted its voyage and called in Algeciras, Gibraltar on October 27.
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