Chinese state oil majors have recommenced seeking Russian oil shipments following the US waiver, according to sources
Newsquawk Staff ·
Chinese state oil majors have recommenced seeking Russian oil shipments following the US waiver, according to sources.
What it means
The resumption of Russian oil shipments by Chinese state oil majors following the US waiver signals a potential shift in energy dynamics that may bolster Russia’s export capabilities. This development could enhance supply in global markets, particularly impacting WTI prices and currency flows such as USD and EUR, while heightening geopolitical tensions in energy trading.
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects
Related headlines
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press4 hours ago
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.6 hours ago
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports1 hour ago
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election1 hour ago
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm5 hours ago
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue7 hours ago
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil5 hours ago
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy 4 hours ago
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"5 hours ago
- US President Trump posts "Congratulations to Lorne Doerkson on his Big Victory. Conservatives are moving strong in Canada!"6 hours ago
- PREVIEW: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT4 hours ago
- Russian President Putin holds bilateral meeting with Iranian President Pezeshkian5 hours ago
- ONEOK Inc. (OKE) Q3 2026 (USD): EPS 2.13 (exp. 1.51), Adj. EBITDA 2.24bln (exp. 2.17bln)49 min ago
- Atlanta Fed GDPnow Model (Q3): 3.5% (prev. 3.4%)5 hours ago
- PPG Industries Inc. (PPG) Q3 2026 (USD) Adj. EPS 2.25 (exp. 2.12), Revenue 4.40bln (exp. 4.28bln)58 min ago