Page 37 - Dated Brent News Today

New York / Cairo - The ongoing conflict between Russia and Ukraine has left global oil and gas markets in the uncertain and unstable, causing supply iss

New York / Cairo - The ongoing conflict between Russia and Ukraine has left global oil and gas markets in the uncertain and unstable, causing supply iss

Russia’s invasion of Ukraine has seen some of the harshest sanctions ever imposed on a nation and disrupted trade flows of energy and other commodities, even though such goods have not been directly sanctioned. Russia was China’s second largest crude oil supplier in 2021, accounting for around 15.5% of China’s total imports. Chinese buyers of ...

Russian Urals crude has collapsed by $6.805/b day on day, further breaking its lowest ever discount to Brent as the pressure from international sanctions takes it toll on the crude’s value. One Urals Baltic loading cargo was offered by Trafigura on CFR Rotterdam basis, loading March 14-16 at Dated Brent minus $18.60/b in the Platts ...

UK Foreign Secretary Liz Truss has floated the idea on Feb. 27 of G7 countries imposing limits on the amount of oil and gas they can import from Russia as part of a widening raft of economic measures and sanctions in response to the invasion of Ukraine. “I would support the idea of having ceilings ...

Commodity traders and banks are scrambling to assess the impact of swinging financial sanctions on Russia’s key exports but most assume the curbs will continue to allow trading of oil and gas with Moscow, albeit with additional transactional costs. US, Canada, and European allies announced sanctions on the Central Bank of Russia and the removal ...

The European Commission and Japan intensified their plans for Russia sanctions on Feb. 27 as the US and EU coordinated on details to implement the pending ban on Russian banks using the SWIFT international payment system that could impact the trading of Urals crude oil. Meanwhile, crude oil futures opened substantially higher Feb. 27 as ...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Oil companies, refiners, shippers and traders are all weighing their involvement and exposure to Russia after financial sanctions were imposed in response to the invasion of Ukraine. Dated Brent was assessed by S&P Global Platts at $103.20/b, up $3.70, while American GulfCoast Select was assessed at $97.75/b, up $3.14. “It [sanctions] will likely make many ...

Concern is growing over the impact that a ban announced Feb. 26 on Russian banks using the SWIFT international payment system could have on the trading of Urals crude oil. Russia’s key grade shipped to Europe and the US is medium sour Urals. This crude is mainly sourced from fields in European Russia and West ...