Latest news with #RussianBaltic
Time of India
06-05-2025
- Business
- Time of India
Russian Urals oil prices stay below the Western price cap, data shows, ET EnergyWorld
Advt Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Moscow: Urals oil loaded in the Russian Baltic and the Black Sea's Novorossiisk ports has traded below the price cap set by Western countries since April 3, Reuters calculations based on LSEG data price cap introduced by the Group of Seven (G7) countries does not allow Western companies to provide insurance and transportation services for Russian oil cargoes sold at more than $60 per most of last year, Urals traded above the price cap, but as international oil benchmark prices have fallen this year, Urals estimates dropped below $60 per Brent was trading around $61 a barrel on Tuesday, far from a peak above $80 a barrel hit early this year, as concerns about global economic weakness and increased output from OPEC+ have driven a estimated price of Urals on a FOB Primorsk and Ust-Luga basis fell to an average of $53 per barrel in April from an average of $60.5 per barrel in January-March, the data showed. The cost of the grade on a FOB Novorossiisk basis fell to $53.5 on average in April from $61.5 on average in the first quarter of this to Reuters calculations, on Tuesday, Urals oil shipped from Russian Baltic ports on a FOB basis was valued at $49.6 per barrel. At the same time, cargoes loading from the Black Sea Novorossiisk were estimated at $49.8 per stabilisation of Urals below the price cap, has led some Greek shipowners to return to the market. (Reporting by Reuters; editing by Barbara Lewis)
Reuters
27-03-2025
- Business
- Reuters
Bolivia expects five fuel cargoes through Chile by April 4, YPFB says
March 27 (Reuters) - Bolivia's state-run energy company YPFB expects to receive a total of five diesel and gasoline cargoes through Chile by April 4, including three to be imported from Houston, the company said on Thursday. YPFB confirmed the origin of the cargoes to Reuters on Thursday, in response to LSEG shipping data showing that several tankers have loaded in recent months at the Russian Baltic ports of Vysotsk and Primorsk signaling the Chilean port of Arica as the point of discharge. A spokesperson for YPFB was unable to confirm the origin of the two other cargoes due to arrive in Arica. Landlocked Bolivia relies on regional ports for its diesel and gasoline supplies.
