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EU ban to hurt Russian oil products more than crude

Location:

RUSSIA

An EU ban on Russian refined oil and an accompanying price cap may do more immediate damage than earlier restrictions on crude, as petroleum products are more difficult to place…

Global refining overcapacity will weigh on margins

Location:

INTERNATIONAL

Outlook for the oil refining sector.

Sanctions will reduce Russia’s oil exports eventually

Location:

RUSSIA

In June 2022, Russia booked almost twice the revenue (USD20.4bn) from such exports. Declining oil income poses a serious challenge to the administration of President Vladimir…

Russian oil exports will be tested in future

Location:

RUSSIA

Most of Russia’s hydrocarbon export revenues are generated from oil now that gas sales have collapsed. Ambitious state spending plans are based on oil revenues rising this year…

Asia ‘ex-China’ investment will struggle for traction

Location:

ASIA

There is sizeable demand for financial assets and products in Asia that exclude China. However, investor expectations that the US Federal Reserve (Fed) will not cut interest rates…

Russian oil output steadies but EU ban will hurt

Location:

RUSSIA

European buyers are rushing to buy crude before EU sanctions take effect. Expectations of a hefty fall in Russian oil exports and output have not materialised, because China and…

Russia’s decoupling from West looks to be long-term

Location:

RUSSIA

This is Russia’s drastic response to most developed states’ economic sanctions following the invasion of Ukraine. It means a new geography of foreign trade that will not only…

Global demand dynamics will keep oil price low

Location:

INTERNATIONAL

This would feed an already oversupplied market, exacerbating the contango market structure, with prices for future delivery exceeding spot rates. Prices have not returned to their…

Russian oil shifts towards China and India

Location:

RUSSIA

The current account is showing a healthy-looking surplus as export commodities are priced high and imports shrink. That may change as sanctions bite into exports of oil and other…

More protectionism leads to less macroeconomic output

Location:

INTERNATIONAL

The US administration has withdrawn from the Trans-Pacific Partnership (TPP), threatened punitive tariffs against several trading partners and started renegotiating the North…