China’s oil imports from Russia are on track for all-time high of over 2 million barrels per day in February as India is withdrawing from Russian spot purchases and supply is now heavily discounted for Chinese independent refiners. China is set to import 2.07-2.08 million barrels per day (bpd) of …
Read More »Recycled Nuclear Fuel Key to Breaking Russia’s Energy Grip
As a part of the United States’ push to revitalize its aging nuclear energy sector, the Department of Energy is funding a wave of research into recycling used nuclear fuel. This move comes as a part of a broader effort to increase the United States’ energy independence by reducing reliance …
Read More »Russia to Send Oil to Crisis-Stricken Cuba
Russia plans to send soon oil and oil products to Cuba as part of humanitarian aid, the Russian embassy in Cuba told Russian media on Thursday. Cuba’s worsening economic and humanitarian situation has gone from bad to worse in recent weeks as the U.S., which now controls Venezuela’s oil sales, …
Read More »Russia, Iran Likely to Sign Several Economic Coop. Agreements
Russia and Iran want to sign a number of agreements on trade and economic cooperation at a meeting of the Russian-Iranian intergovernmental commission scheduled for February 16-18 in Tehran, the Russian Energy Ministry says. Following a meeting between Energy Minister Sergey Tsivilev and Iran’s ambassador to Russia, Kazem Jalali recently, …
Read More »India ups Middle East and West Africa Oil Purchases to Avoid Russian Crude
India’s largest state-owned refiner, Indian Oil Corporation (IOC), has boosted purchases of crude oil from ?West Africa and the Middle East, as New Delhi steers clear of Russian crude in the wake of the trade deal with the United States. Indian Oil has acquired six million barrels of Middle East …
Read More »Oil Tankers Wait Offshore as Russia Redirects Barrels to China
Tankers carrying a total of up to 12 million barrels of crude oil are either en route or close to China in East Asian waters, waiting for buyers in the world’s top crude importer, as India is pulling back. Five of these tankers signal ‘for orders’ or ‘China for orders’ …
Read More »India Weighs Cheap Russian Oil against Costly U.S. Trade Commitments
Russia’s flagship crude, Urals, is being offered in India at a widening discount to Brent, with the differential now at $11 per barrel and testing the appetite of Indian refiners amid the trade deal with the U.S. that calls for limited purchases of Russian oil. Sellers are offering Urals at …
Read More »U.S.-India Trade Deal Puts Oil and Russian Crude at the Core
President Donald Trump said on Monday that the United States and India have reached an agreement on a trade framework that cuts U.S. tariffs on Indian goods and commits New Delhi to expand purchases of U.S. oil and gas, pushing energy supply to the center of talks that have unfolded …
Read More »Russia Raises Pipeline Gas Supply to Europe via TurkStream
Russia’s natural gas exports via the TurkStream pipeline to Europe jumped by 10.3% in January from a year earlier, Reuters calculations showed on Monday, as Gazprom boosted supply via the only gas route left from Russia to the EU. Last month, Russian gas supply via TurkStream totaled 1.73 billion cubic …
Read More »Europe’s Russian Gas Ban Is Set to Trigger a New Wave of LNG Tanker Demand
The European Union’s plan to ban LNG imports from Russia will prompt a surge in demand for LNG carriers to the tune of 30 new vessels, a senior Vortexa analyst said ahead of the LNG Qatar gathering that starts today. According to Ashley Sherman, senior LNG analyst at the company, …
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