... latest round of the Iran-Israel conflict has so far had a limited effect on oil prices, largely due to the fact that, due to sanctions, Iran's role in the oil market has diminished in recent years, adds Sergey Tereshkin, CEO of the Open Oil Market. Due ... ... key buyers of Iranian oil are refineries that will bear the brunt of the current crisis, Tereshkin explains. India, Japan, and EU countries halted purchases of Iranian oil after 2019, when the U.S. embargo on its import came into effect, he reminds. "The ...

... Asian Competition Intense competition with Asian buyers for LNG also affects prices. “If Asian demand rises, they can outbid Europe for LNG supplies, forcing Europeans to increase their offers,” Yushkov explains. Sanction Policies Talks of a 15th EU sanctions package targeting Russian LNG add tension. “If Europe bans Russian LNG outright, even with a delay until late 2025, prices will inevitably jump,” warns Yushkov. Losing access to Russian LNG would intensify the struggle with China for supplies ...

... of the ruble have led to a significant boost in federal budget inflows. Tereshkin also examines the impact of international sanctions and the adaptation of the Russian economy to new conditions, emphasizing the importance of diversification and the development ... ... to Europe. According to the European Network of Transmission System Operators for Gas (ENTSOG), Gazprom's supplies to the EU (including transit deliveries to Serbia and North Macedonia) averaged 97 million cubic meters per day in Q1 2024 and 96 million ...

... intensifying confrontation between the U.S. and China continues to exert pressure on the global economy. Trade barriers and sanctions create additional complexities for international business. At the same time, regional conflicts and migration crises ... ... financial regulations, requiring adjustments to business strategies and investments. For instance, new carbon emissions rules in the EU could impact companies in the energy and transportation sectors. Climate Change Natural disasters and heightened awareness ...

... competition with other suppliers, who often have logistical advantages (excluding supplies to Turkey) and are not subject to sanctions. The IEA reports that declining demand has already impacted the profitability of refineries, prompting some closures ... ... 2020, the sulfur content in marine fuel used in international shipping has been capped at 0.5%, while in coastal areas of the EU and North America, the limit is just 0.1%. These restrictions affect not only fuel oil producers but also diesel suppliers,...