SCO & BRICS latest news and insights
This growth reflects the changing global energy consumption landscape. India's oil demand is projected to reach 5.59 million barrels per day (b/d) in 2024, up from 5.37 million b/d in the previous year, according to OPEC.
In January 2024, India experienced a significant increase in oil imports, wi...
In March, Asian buyers received an average of 27.48 million barrels per day. According to Oil Price reports, data for January and February 2024 showed 27.18 million bbl/d and 26.70 million bbl/d respectively. Experts attribute the high March result, among other factors, to the price. During the time...
Russian oil companies experienced payment delays for crude oil and fuel of up to several months. According to Reuters, this is due to several banks in China, Turkey, and the UAE being afraid of secondary sanctions. However, experts suggest that the situation is not critical.
Eight sources cited by...
Thanks to the Bloomberg, Kepler, and Reuters information agencies, its relatively easy to monitor the movement of Russian oil online. They also allow people to study weekly supply volumes by consumer countries and shipping destinations, as well as prices, discounts, refuseniks, and new markets. The...
According to Kpler, a company that analyses global commodity flows, China is set to break its record for oil purchases from Russia this month. Based on monitoring tankers carrying Russian oil, it is expected that China will receive an average of 1.7 million barrels of oil per day throughout the firs...
India has not purchased premium grades of Russian oil, including ESPO and Sokol, for the past two months. Despite the expectations of a collapse in Russian exports, this has not occurred. Instead, India is negotiating for additional preferences from Russia due to the decreasing discount on Russian...
