Hassan Gimba的动态

Iran's oil exports reach 5-year high despite US sanctions "Despite US sanctions, Iran's oil exports hit a 5-year high, preventing a substantial increase in oil prices amidst West Asian conflict," according to reports. The report reveals that Iranian crude oil exports grew by approximately 50 percent last year, reaching a five-year high of about 1.29 million barrels per day. #5year #despite #exports #High #Irans #oil #reach #USsanctions

OUR COUNTER ANALYSIS: A LOT has changed when it comes to Iran's #oil #exports over the past 4 years. The #DarkFleet that handles these exports has grown many multiples; and most of the oil goes to #China. If anything, China's refiners will be happy to buy even cheaper #Iranian and #Venezuelan oil now thanks to eventual sanctions enforcement by the Trump administration. It doesn't seem likely that we'll see a substantial drop in Iranian oil exports after #Iran welcomed in hundreds of tankers into this oil trade. The Dark Fleet continues to be a growing industry in itself thanks to #Russia and #Venezuela as well. It's often the same tankers working all three markets. The spice shall continue to flow. #oott https://lnkd.in/eHcTb37M

Russian Sanctions Loopholes, the Post Russo-Ukr Conflict. * Western sanctions generally prohibit direct imports of Russian crude and oil ??? products, but place no restrictions on purchases of petroleum products from non-sanctioned countries. * Russia’s Shadow Fleet, a aged tankers used to transport oil and fuel ? without relying on western shipping cos. * Around two-thirds of crude oil and petroleum product exports were shipped on Shadow Fleet vessels last month. * India ???? The largest exporter of oil ??? products to the EU ????. * The second-largest importer of Russian crude. * Pre Russo-Ukr ???????? war only a small proportion of crude was imported by India. * India imported 37% of ???? crude ??? last month. Makes second after China ????. * These sales earned estimated €2.6bn to Russia. * Several European countries like France ????, Belgium ????, Austria ???? have also imported Russian oil Gas which may have benefitted Russia more than €1 Billion only this year. https://lnkd.in/dvtmtK7g #bankingindustry #LinkedIn

Prior to the United States imposing sanctions on Venezuela, the United States was the largest importer of Venezuela’s crude oil. Venezuela’s heavy crude oil is well suited for U.S. refineries, particularly those along the Gulf Coast. Most of the remaining crude oil was destined for India, China, and Europe. Since the 2019 sanctions, a significant portion of Venezuela’s crude oil exports have been part of oil-for-loans arrangements, which are debt repayments rather than PDVSA receiving actual payments for crude oil deliveries. Notably, a significant portion of Venezuela’s exports have been supplied to China as part of its oil-for-loans arrangements, in which China has loaned close to $50 billion to Venezuela in exchange for crude oil deliveries over the last decade.34 Exports to China and other countries were also done as part of sanctions evasions prior to 2023. As of 2023, China received 69% of Venezuela’s crude oil exports. (Venezuela - Country Analysis Brief – EIA (U.S. Energy Information Administration) – February 8th 2024) #Venezuela #Venezuela′spetroleumproduction #Venezuela’scrudeoilproduction #Venezuelacrudeoilexports?#PDVSA

KSE: Russia’s oil revenues slightly decreased despite constant sanctions violations #bne #bneEditorsPicks #KSE #Russia #RussiaUkraineWar #budget In June 2024, Russian oil export revenues declined for the third consecutive month to $16.7bn due to reduced product exports, according to the KSE Institute’s July ‘Russian Oil Tracker.’ Despite the decline, crude and discounted oil products were traded well above the EU/G7 price cap, and the shadow fleet’s share of oil shipments continued to grow. Russian seaborne oil exports remained stable in June. Although seaborne crude shipments rose by 2.0% MoM, oil product exports fell by 4.0% (130 kb/d), leading to reduced oil revenues for the month.

Iran oil minister Mohsen Paknejad claims contingency plans have been put in place in preparation of possible oil export curbs and restrictions following Trump’s election. Despite U.S. sanctions, Iranian oil exports are hitting high numbers this year. https://lnkd.in/eisgtWM3 Learn more about Iranian oil exports using UANI’s resources and comprehensive ship tracking methodology, aimed at disrupting Iran’s oil sales and economically isolating the regime: https://lnkd.in/egd4Y2er

???? US Emerges as Primary Beneficiary of Sanctions on Russian and Venezuelan Oil Since the initiation of sanctions against Russia in 2022, the United States has witnessed a significant surge in its oil exports, setting five consecutive monthly records. This trend has been particularly pronounced as Western nations intensified sanctions against both Russia and Venezuela. Notably, the US has emerged as one of the leading global exporters, with substantial increases in shipments to Europe and Asia. In March alone, US oil exports to Europe are projected to hit a record high of 2.2 million barrels per day, as indicated by ship-tracking data compiled by Bloomberg. While some of this surge can be attributed to sanctions, other factors, such as the inclusion of WTI crude in the Brent benchmark, have also contributed to increased imports to regions like the Netherlands. The impact of US exports is further evidenced by significant spikes in imports to European nations. For instance, imports to France surged nearly 40% between 2021 and 2023, while Spain witnessed a staggering increase of 134%. In addition to European markets, Indian refineries have decreased their purchases of Venezuelan crude in anticipation of the expiration of US sanctions. Consequently, Venezuelan oil supplies to India are expected to plummet to their lowest levels this year. Even prior to the latest round of trade restrictions, the US was rapidly establishing itself as a vital supplier to Asia, with imports hitting an annual record in the previous year according to the EIA. This surge in US production coincides with OPEC+ curbs on their own supply, creating an opportune environment for American oil to gain traction in international markets. #US #sanctions #oil

???? Russia’s alternative fleet grows despite all Western sanctions 70% is?the year-on-year growth in?cargo turnover of?Russia’s alternative fleet, despite recent sanctions on?insurance and shipping companies that allow Russia to?circumvent Western restrictions on?oil trade. The volume of?oil transported by?Russia’s alternative fleet in?June 2024 rose to?4.1 million?bpd. In?June last year, this figure was 2.4 million barrels. In?June 2024, 70% of?Russian hydrocarbons marine transportation was carried by?the alternative fleet. This includes 89% of?Russia’s total crude oil shipments, most of?which are trading above the $60 per barrel ceiling price, and 38% of?Russia’s exports of?oil products. Experts say sanctions against Russia are a??no-win game??— they have not achieved any of?their goals. ??If you are interested in?our company’s services, please contact us?by?mail: [email protected] Subscribe to?our Telegram channel: https://lnkd.in/eiGCKB6q ?? #Cargotransportation #Logistics #Economy #Trade #oil #Russia #business

On 17 September this year, Center for the Study of Democracy together with its partners at the Centre for Research on Energy and Clean Air (CREA) published the report "Sanctions Hypocrisy" (link in comments). Based on the report, an article was published in POLITICO Europe, which gave publicity to the dangers and the problem facing the public in Europe. This report reveals that the G7+ countries imported 1.8 billion euros worth of petroleum products, derived from Russian crude, from three refineries in Turkey in the first half (H1) of 2024. For example, the Azerbaijan-owned STAR refinery is 98% dependent on Russian crude, with 73% of its crude imports supplied by the US-sanctioned Lukoil. 87% of its seaborne exports of petroleum products are to G7+ countries. The total quantities of crude oil processed by Turkish refineries to export petroleum products to the EU and G7 countries provided €750 million in tax revenues for the Kremlin in the first half of 2024 alone. The most important step that sanctioning countries should take is to ban imports of oil products from refineries using Russian crude. This would amplify the impact of sanctions by discouraging third countries from importing large quantities of Russian crude and thus stifle demand in Russia's new markets.