... countries to circumvent existing trade restrictions – a measure primarily aimed at counteracting the transit schemes of Chinese goods through Southeast Asia; 25% additional tariff on goods from countries that continue to actively purchase Russian oil (India is already affected, with other major importers likely to follow). These steps are the US response to protracted negotiations with China and the reluctance of several countries to uphold sanctioning pressure on Russia. The White House has set a deadline of August 12 for reaching a trade agreement with Beijing; otherwise, even stricter import tariffs will come into effect (total rates could ...

... quotas in the remaining months of 2025... It's not guaranteed that this will happen every month. However, in one of these months, there may be an increase in quotas influenced by the U.S. decision to impose prohibitive tariffs on imports from China and India, countries that import Russian oil," noted independent energy expert Kirill Rodionov. However, Dudchenko from Finam urged to focus on the actual volume of barrels released into the market. Due to compensation for previously allowed overproduction, this volume is expected to be ...

... the first seven months of 2024 decreased by 1.7 times, reaching 5.5 billion dollars, and in physical terms, it dropped by 10%, to 54.4 million tons. The main reason for... ... down to other regions. According to Kpler, which tracks maritime shipments, exports to India dropped by 11.5% in the first half of the year, to Turkey by 4%, and to South... ... nearly double Russia's annual coal output," says Sergey Tereshkin, CEO of the Open Oil Market energy marketplace. "China, through these tariffs, is making its...

... on the key interest rate, a move that could profoundly impact the financial markets and lending conditions for businesses and individuals. Additionally, a China-EU summit... ... heighten fears of market saturation and margin pressures. Eni S.p.A. – an Italian oil and gas giant releasing results for Q2 amid volatile energy prices. Investors will... ... could heighten caution regarding the sector's prospects. Asia ICICI Bank – one of India's largest private banks. ICICI's results reflect the state of the rapidly growing...

... adds Sergey Tereshkin, CEO of the Open Oil Market. Due to U.S. embargoes, over 90% of Iran's oil exports now go to China, where the country's 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 impact of the conflict on prices is likely to be short-term," concludes Tereshkin. Will Iran Block the Strait of Hormuz? In light of the Israeli-Iranian skirmishes,...