... is increasing oil purchases from Middle Eastern and African countries and expanding imports of Russian raw materials, taking advantage of price discounts. Similarly, significant volumes of LNG are arriving from Qatar, Australia, and through the spot market, bypassing American gas. At the same time, Europe continues to reduce its energy dependence on Russia. Imports of Russian oil and petroleum products into the EU are under embargo, and gas supplies have been reduced to minimal levels. The European Union is actively developing infrastructure to accept LNG and is seeking new long-term contracts with alternate gas suppliers. However, a complete ...

... concerned" about the markets' response to potential new stringent measures against Russia. These might include immediate maximum tariffs on Russian goods and secondary sanctions against buyers of Russian energy resources. The prospect of such actions keeps market participants on edge, considering the potential risks to global oil and petroleum product supply chains. Thus, at the global level, two opposing trends are currently interwoven: the de-escalation of trade conflicts between major economies on one hand, and the escalation of geopolitical rhetoric on the other. The outcomes of these processes ...

... critical role of these supplies in the country’s energy security. New Delhi has secured more favorable terms: Russian companies were compelled to offer an additional discount on Urals oil (estimated at about $5 off Brent prices) to maintain the Indian market. As a result, India continues to actively purchase Russian oil, benefiting from price concessions, and is increasing imports of petroleum products from Russia to meet its growing demand. At the same time, the Indian government is taking steps to reduce long-term dependence on imports. Prime Minister Narendra Modi announced the launch of a national program for the exploration of deepwater ...

... (US) - API Oil Inventories (Week): The American Petroleum Institute traditionally releases its estimate of commercial oil and petroleum product inventories for the week. This late release could impact oil prices in the Asian session on Wednesday. A significant reduction ... ... supports rising oil prices (indicating high demand or limited supply), while an unexpected increase may trigger sales in the oil market ahead of the official EIA statistics. Corporate Reports: Before the Opening: Home Depot , BHP Group , XPeng . Tuesday ...

... market reactions to potential new stringent measures against Russia. This refers to the potential introduction of maximum tariffs on Russian goods and secondary sanctions against buyers of Russian energy resources. The prospect of such actions keeps market participants on edge, given the risks to global oil and petroleum product supply chains. Thus, globally, processes of trade de-escalation between leading economies and the intensification of sanction rhetoric are currently unfolding simultaneously. The outcome of these processes will largely define the conditions of ...