Russian crude oil export data in recent weeks have not reflected any cuts and OPEC+ allies are increasingly frustrated with its non-compliance
India’s oil imports from Russia continue to surge as cheaper Russian crude exports find more and more buyers in the world’s third-largest crude oil importer.
SINGAPORE/BEIJING – China’s crude oil imports from Russia rose 8.6% in April from a year earlier, as larger private refiners also embarked on purchases of the discounted fuel.
A new report by the Center for Research on Energy and Clean Air (CREA) has found that European countries that banned Russian oil imports are instead importing huge amounts of oil commodities from India, China, United Arab Emirates, Singapore and Turkey, therefore qualifying them as laundromats.
A report from the Centre for Research on Energy and Clean Air suggests that a loophole in the G7 price cap is undermining sanctions on Russian oil.
Russia’s oil and gas revenue plunged 40% in January, a sign that the nation’s exports are feeling the squeeze of western sanctions, the International Energy Agency said.
So where is the 600,000 barrels of crude oil from Russia that arrived at the Tema harbour? And who procured that cargo and for what purpose?
The Institute for Energy Security (IES) is calling on government to come clear on the 600,000 barrels Russian crude oil aboard MT Theseus.
Minister of State for Petroleum Division Dr Musadiq Masood Malik has said under the Pak-Russia agreement, oil and gas would start reaching Pakistan this year, which would help provide relief to people.
Russia logged a nearly 50% drop in oil and gas revenue in January, contributing to a wider budget deficit.