... processing Russian oil will be challenging for the EU, as they simply lack the technical resources for this. "The same applies to the shadow fleet: restrictions on tankers carrying Russian oil have not seriously affected either the volumes of oil transportation or the Urals discount to Brent. Therefore, the 18th sanctions package will not be overly painful for the Russian fuel and energy complex," the expert concluded. REFERENCE: The current oil price ceiling has been in place since December 2022. In February 2023, a price cap of $100 per barrel was introduced ...

... pressure. Since some Turkish ports have refused to accept tankers from the shadow fleet following sanctions against them, the expert posits that similar reactions from Turkey are likely if Trump imposes sanctions on the country on August 8. Thus, if U.S. sanctions on buyers of Russian oil are implemented after August 8, this will lead to a certain decrease in Russian oil exports to the global market. "There will be no complete abandonment of Russian oil, but a significant reduction in its exports is possible," Gromov concludes....

... demand for traditional energy resources, such as coal, is rising again due to high prices and the need for reliable energy supply. Below are the details of key news from the raw materials and energy sectors. Washington Threatens India and China with Sanctions for Purchasing Russian Oil The United States continues to sharply escalate pressure on countries purchasing Russian oil. President Donald Trump signed a decree on August 6 to impose additional import duties on goods from India, effectively doubling the tariff from 25% to 50%....

... economic security. Should the trade conflict with the U.S. escalate, India may resort to countermeasures and more actively pivot toward alternative partners—such as China or Middle Eastern countries willing to collaborate outside the sphere of U.S. sanctions. Oil Market: Prices Recover from Decline amid Sanction Risks After several days of decline, global oil prices have stopped falling and partly rebounded. On August 6, benchmark Brent crude prices rose back to around $68–69 per barrel, while U.S. West ...

... products, which would reduce global supply. This, in turn, could support the rise in energy prices. Investors in the oil and gas sector should take into account that the geopolitical factor is currently coming to the forefront, and any escalation of sanctions rhetoric could increase volatility in the oil market. At the same time, companies in Europe and Asia trading with Russia may face new restrictions — this is a pressing factor affecting their stocks. The market will be waiting for the day's outcomes: will Trump follow through on his threat or,...