IMG.gif
Exports

Russia Optimistic on 2022 Oil Sales

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
locations/rf57668578-locations-russia-novorossiysk.jpg

Russia started 2022 with a serious blow to its crude oil exports when Saudi Arabia, a key ally in the Opec-plus group but competitor in Asian markets, made significant inroads into Russia's traditional European market with Saudi Aramco agreeing to buy a 30% stake in Poland's Gdansk refinery. Coupled with China's desire to cut Russian crude imports via Kazakhstan, the Polish deal has raised fresh concerns over the prospects for Russian exports in the years ahead, even though the outlook for 2022 seems optimistic.

Topic:
Oil Supply
#
Russian oil exports declined in the first 15 days of May, but Moscow found new customers.
Wed, May 18, 2022
Refined product prices have come off their recent highs amid rising refinery output and fears of stagnating demand.
Mon, May 23, 2022
Opec's No. 2 producer got surprisingly close to its monthly target, but Iraq's difficulties are never far away.
Mon, May 23, 2022