The ministry said Monday it expects a $4.5 billion decline in oil export revenue because of an anticipated 6.3 percent drop in oil production from 2014 figures. The ministry said the federal budget next year will receive about $2.2 billion less than expected because of a contraction in exports....
WASHINGTON (Reuters) - When U.S. officials first floated the idea of capping Russian oil export prices in response to a planned European embargo in March, they pledged to squeeze revenues to Russia's war machine, while avoiding a devastating oil price spike. But keeping R...
(Chart: FreightWaves based on data from Kpler) The concern on the Russian crude export side is thatthe price of oil globally could be pushed higher by the OPEC+ cutsor some other reason, dragging Russia’s discounted crude above the $60-per-barrel cap set by the EU and the G-7. If ...
our exports of refinery products sometimes puts us in a net exporter position…but we still have to import a lot, including from Russia, because a substantial number of our refineries can’t use the super-light oil we produce from shale; see here:https://www.spglobal.com/commodity-insights...
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“At the start of this year, Russia’s gross domestic product (GDP) was still projected to grow by a total of about 5% in 2022–2023 (Chart 1). As a result of the war, confidence on Russian economy has collapsed. The economic sanctions imposed on Russia due to the war have isolated...
The footprint of President Vladimir Putin’s war on Ukraine is growing fast after a weekend in which sea drones crippled a Russian naval vessel and oil tanker. For the first time, the attacks put at risk Russia’s commodity exports via the Black Sea, a route that accounts for most of th...
LNG facilities for export, increasing LNG exports to Europe would require a reshuffling of global trade. As of January 2022, the U.S. sent 75% of its LNG exports to Europe, leaving just 2.7 Bcf/d of LNG that was shipped to Asia and South America, shown in the chart below on the ...
3.Negotiations over the first legally binding UN treaty on plastic pollution collapsedin the final stage of discussions, after oil-producing nations led by Saudi Arabia and Russiablocked efforts by 100 countries to place limitson new production. The fifth round of talks, which took place in Busan...
and is also happening at least in part with dark and gray vessels that disable their AIS transmissions some or all the time. Analytics applied to global AIS data do show that tankers originating from Russian ports have shifted the destination for exports, mainly to China (top lef...