Markets

The US is preparing to implement stringent sanctions on Russia's oil industry, targeting over 180 vessels, senior executives, traders, and two major oil companies.

The potential return of Donald Trump to the White House in 2025 could have far-reaching consequences for the global oil market, particularly in regard to the flow of Iranian oil to China.

Mediterranean imports of Middle Eastern crude are expected to increase in 2025, as Russian and Iranian supply dwindles, despite rising prices.

In Nov., India reduced its imports of Russian crude oil, bringing the total down by 13% to 1.52MM b/d, compared to the previous month.

President-elect Donald Trump has issued a stark warning to the European Union (EU) to increase its imports of US oil and gas, threatening to impose tariffs on EU exports to the US if the EU fails to comply.

US crude oil exports experienced a notable drop in the week ending Dec. 6, 2024, averaging 2.9MM b/d, a decline of 1.5MM b/d from the previous week.

India and China have dramatically increased their imports of Russian crude oil, effectively circumventing Western sanctions and enhancing their refining capacities.

US crude exports have surged, reaching 3.9MM b/d in the week to Oct. 25, up 434K b/d from the previous week and just 13K b/d below year-to-date levels.

The recent expansion of US sanctions against Iran is poised to significantly affect crude oil flows to China, as well as increase shipping costs.

South Sudan is preparing to restart its heavy-sweet Dar Blend crude exports through Sudan, aiming for a resumption within weeks.