Trump’s sanctions deliver a “crude” shock as Russia’s oil shipments to India plunge by 66%. Experts warn of a sharp decline in supplies, sparking concerns over escalating tensions and major disruptions looming in the market
Browsing: oil exports
A daring Ukrainian strike has halted oil exports from Russia’s Novo terminal, slashing about 2% of the global supply, sources told Reuters. This unexpected blow is fueling new fears of mounting turmoil in the energy markets
Russia’s Black Sea port of Novorossiysk has come to a standstill, halting oil exports following a bold Ukrainian drone strike, Reuters sources reveal. This dramatic disruption highlights escalating tensions and mounting risks to the stability of regional energy supplies
Italy is actively securing supply guarantees while exploring the exciting opportunity to sell a stake in an IP refinery to Azerbaijan’s SOCAR, sources tell Reuters. These talks focus on safeguarding energy stability amid shifting market dynamics
Venezuela has announced daring plans to deploy naval vessels to its vital oil export hub, responding decisively to recent U.S. sanctions. This bold strategy aims to protect shipments and tighten control amid escalating geopolitical tensions
Argentina has boldly risen as a South American oil titan, dramatically boosting crude production and exports. With soaring output and strong policy support, the nation is rapidly becoming a dominant player on the global energy stage
Brazil’s booming offshore oil sector is becoming a crucial supplier for China’s energy needs. As Chinese firms invest heavily in Brazilian oil projects, the two nations strengthen their economic ties, reshaping global energy dynamics amidst rising demand.