By Rhod Mackenzie
The price of Russian Urals oil has exceeded the price ceiling ($60/bbl) set by the Price Capping Coalition (G7, EU and a number of other countries).
This is according to data from the pricing agency Argus Media.
Aiming for the ceiling
On July 12, 2023, in the port of Novoross...
By Rhod Mackenzie
Exports of oil and oil products from Russia in June decreased by 600 thousand barrels per day compared to May - to 7.3 million b / d, which is the lowest since March 2021, according to the monthly report of the International Energy Agency ( IEA).
At the same time, oil exports d...
By Rhod Mackenzie
In May 2023, China imported 13.51 billion cubic meters of natural gas (the total figure for pipeline supplies and LNG), which is a historical maximum for this month.
According to local customs, the May 2023 figure was 19% higher than the May 2022 figure. But most importantly, i...
By Rhod Mackenzie
OPEC+ countries produced 37.03 million b/d of oil in June, while under the terms of the agreement they could extract 39.57 million b/d, analysts of the International Energy Agency (IEA) calculated.
Thus, the backlog from the plan for the past month amounted to 2.55 million bpd....
By Liu Caiyu
Pakistan is looking forward to taking the China Pakistan Economic Corridor (CPEC) into the next phase with greater vigor and hopes to see fruits of the CPEC benefit not only China and Pakistan, but the whole region, said Minister of Planning, Development and Special Initiatives for Pa...
By Rhod Mackenzie
The trade turnover between Russia and China since the beginning of 2023 has grown by 40.6% compared to the same period in 2022, follows from the data of the General Administration of Customs of China.
According to their report, the volume of exports and imports for the specifie...