Russia's oil-product exports have decreased, with a significant drop in shipments of diesel, naphtha, and fuel oil. Deputy Prime Minister Alexander Novak stated that Russia's oil producers are complying with the OPEC+ deal. He also expects Brent prices to average between $80 and $85 a barrel next year due to OPEC+ output cuts. Russia's oil exports to Europe have decreased from 40-45% to just 4-5% of the total. China now accounts for half of Russia's oil and petroleum exports, while India's share rose to 40%. Payment problems have caused delays in shipments of Russian Sokol crude oil to India, leading Indian Oil Corp to purchase more oil from the Middle East. Additionally, there are concerns about European countries, including Germany and Italy, allowing significant exports of arms and ammunition to Russia despite its actions in Ukraine.
It is outrageous that Germany allowed exports of arms to Russia after it had attacked Ukraine in 2014. Germany's standard rule was not to export arms to a country in war, but it did to Russia & refused to Ukraine. https://t.co/fJo16BTVLH
Russia annexed Crimea in Feb. 2014. Chinese exports to Russia of arms and ammunition spiked in Nov. 2013, a leading signal for this annexation. The next spike of Chinese weapons exports to Russia came in Sep. 2021, another leading signal for Russia's all-out invasion of Ukraine. https://t.co/fmQbJm9von
The German word "Aufarbeitung" means to go back in history & learn the lessons. Too little of that going on in Europe. Here's EU-27 exports of arms and ammunition to Russia. They were €39 bn in 2021 vs €24 bn in 2019. How did Europe miss that Russia was about to invade Ukraine? https://t.co/vD76XclIHv
There shouldn't have been any doubt in Europe about Russia's true intentions regarding Ukraine. Take Italian exports of arms and ammunition to Russia. These were up 90% in 2021 from 2019. Russia was stockpiling arms ahead of the invasion. The West - unfortunately - was helping... https://t.co/qQ1eaprcf7
German exports of weapons and ammunition to Russia started doing crazy things just ahead of the invasion of Ukraine. There's no doubt - looking at this - of Russia's true intentions. It was stockpiling weapons ahead of the invasion. Germany was delivering some of those weapons... https://t.co/I0ex1jj8GV
China's exports to Russia started rising BEFORE the invasion of Ukraine. They were up sharply and above the historical norm in November 2021 and - of course - have continued rising massively since then. China has replaced the West as Russia's biggest trading partner by far... https://t.co/47yfLFJQrY
Russia’s oil-product exports dropped on a weekly basis, led by a slump in shipments of diesel, naphtha and fuel oil https://t.co/kH7PfkQu8K
Top Russian official affirms commitment to OPEC's oil cuts even as the country's crude exports surge https://t.co/mX64ogX333
Russia expects Brent prices to average between $80 and $85 a barrel next year amid OPEC+ output cuts, Deputy PM Alexander Novak tells state-runs Rossiya 24 TV channel https://t.co/v1IbszAlHZ
#OPEC+ nations aren’t working to target a certain level for #oil prices, according to #Russia's Deputy Prime Minister Alexander Novak. “Our task is to balance supply and demand so that the industry works stably,” he said. https://t.co/jGF6UOPsIU
In #Russia, exports of crude oil and oil products to #Europe decreased from 40-45% of Russia's total such exports in 2021 to just 4-5% of the total now. https://t.co/JDEx2ovr76
Russia will supply no more than 4-5% of its oil and petroleum products to Europe this year - Novak The Deputy Prime Minister noted that previously approximately 40-45% of petroleum products and oil of total exports were supplied to Europe. The persistence of 4-5% of oil supply… https://t.co/6Y8VWBAYEG https://t.co/KQcDzGZPTU
🔴 RUSSIA’S DEPUTY PM NOVAK: RUSSIA'S OIL PRODUCERS COMPLY WITH THE OPEC+ DEAL.
🔴 RUSSIA’S DEPUTY PM NOVAK: OUR COMPANIES ARE STICKING TO THEIR OBLIGATIONS ON SUPPLY CUTS.
#China accounts for half of #Russia's #oil, petroleum exports in 2023; India's share rose to 40%; Europe's share fell by 4-5% from 40-45%, said Russia's state media https://t.co/haGgRmRP6L
⚡️Reuters: Payment problems delay Russian oil shipments to India. Payment issues have caused delays in shipments of Russian Sokol crude oil to India, forcing Indian Oil Corp to purchase more oil from the Middle East. https://t.co/diOMdIlU0z