Select Language

Sharp increase in Russian oil shipments to China and India - Commerzbank

Breaking news

Sharp increase in Russian oil shipments to China and India - Commerzbank

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.05 20:42
Sharp increase in Russian oil shipments to China and India - Commerzbank

update 2025.09.05 20:42

Russia continues to find sufficient buyers for its oil despite increasing pressure from the US, as shown by data on seaborne oil exports published by Bloomberg, Commerzbank's commodity analyst Carsten Fritsch notes.

Oil exports from Baltic ports also rise

"These rose by almost 30% to 3.5 million barrels per day in the last reporting week. The less volatile 4-week average rose to 3.15 million barrels per day. Shipments to China and India in particular increased significantly. Exports to China reached their highest level since the end of January at 1.6 million barrels per day."

"Oil deliveries to India compensated for the previous week's decline with an increase to 1.34 million barrels per day. Apparently, the price discount for Russian oil is too tempting for buyers in China and India. In addition, the loss of refinery capacity as a result of Ukrainian drone attacks means that more crude oil is available for export in Russia."

"The damage to pipelines and export ports was apparently less severe than feared. Oil exports from Baltic ports also rose, even though one port was the target of a drone attack and a pipeline to the port was also damaged."


Date

Created

 : 2025.09.05

Update

Last updated

 : 2025.09.05

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

EUR/USD rebounds as Fed rate cut bets strengthen after PCE

EUR/USD recovers on Friday as traders' confidence rises that the Federal Reserve would reduce interest rates after the release of the latest inflation report in the United States (US). At the time of writing, the pair trades at 1.1697 up 0.27%.
New
update2025.09.27 06:59

Canadian Dollar slows losses, but weakness continues

The Canadian Dollar (CAD) slowed its pace of losses against the US Dollar (USD) on Friday, but still remains firmly on the low side, testing 18-week intraday lows before battling back against the tide of Greenback pressure to cap off a week of sustained losses.
New
update2025.09.27 04:14

AUD/USD lifts from three-week lows amid US Dollar softness, RBA in focus

The Australian Dollar (AUD) gains ground on Friday as the US Dollar (USD) loses momentum after Personal Consumption Expenditures (PCE) inflation figures came broadly in line with forecasts, while weaker consumer sentiment and renewed tariff worries dampened demand for the Greenback.
New
update2025.09.27 03:32

Gold climbs as Fed's inflation gauge reinforces dovish bets

Gold price advances during the North American session, up 0.60% on Friday after the last inflation report maintained the status quo, reinforcing dovish bets for further easing by the Federal Reserve (Fed). At the time of writing, the XAU/USD trades at $3,774 after bouncing off daily lows of $3,734.
New
update2025.09.27 03:20

Fed's Bowman warns Fed may already be behind the curve

Federal Reserve (Fed) Board of Governors member Michelle Bowman pivoted deeper into the pro-rate-cut camp on Friday, noting that recent payroll revisions shows the Fed is even further behind the curve on interest rate cuts than previously estimated.
New
update2025.09.27 02:56

Dow Jones Industrial Average pares losses after PCE inflation meets expectations

The Dow Jones Industrial Average (DJIA) rebounded on Friday, paring away the midweek's losses and recovering footing as investors self-soothe over odds of a follow-up interest rate cut in October.
New
update2025.09.27 02:27

USD/JPY slips as US PCE data and tariff concerns curb Greenback's momentum

The Japanese Yen (JPY) firms against the US Dollar (USD) on Friday, with USD/JPY taking a breather after a sharp two-day rally that had propelled it to its strongest level since August 1 on Thursday.
New
update2025.09.27 00:58

BoE's Dhingra: Shocks driving UK's high inflation will fade

In an op-ed published in The Times, Bank of England (BoE) policymaker Swati Dhingra argued that shocks driving the UK's high inflation will fade and that they should not be overly cautious about cutting interest rates.
New
update2025.09.27 00:16

EUR/GBP slips as NATO tensions and Trump tariffs weigh on Euro

The Euro reversed its course against the British Pound amid a scarce economic docket in Europe and in the UK, though geopolitics could be the reasons that pushed the shared currency lower. The EUR/GBP trades at 0.8729, down 0.14%.
New
update2025.09.27 00:04

USD/CNH to test 7.1500 before a pullback can be expected - UOB Group

There is scope for US Dollar (USD) to test 7.1500 before a pullback can be expected; 7.1600 is unlikely to come into view.
New
update2025.09.26 23:50

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel