According to Bloomberg’s assessment, foreign state-owned companies — above all from China and Russia — now appear to be among the most exposed if Venezuela’s oil agreements are revised or rewritten.
According to Bloomberg, pricing has been the decisive factor behind the sharp rise in shipments.
Most economists surveyed by the agency believe the rate will be lowered by 50 basis points to 16% on Friday.
Brent Falls Below $60 a Barrel for the First Time in Six Months
The restrictions, which came into effect on November 21, immediately jolted oil markets: traders and analysts are trying to understand how deeply these measures will reshape global supply chains and demand structure.
The corresponding document was published on the official government website on Wednesday.
The U.S. blocked Lukoil’s €14 billion asset sale to Gunvor, intensifying sanctions pressure and paving the way for a potential Rosneft takeover.
The Central Bank of Russia has downgraded the country’s economic growth forecast and simultaneously lowered its key interest rate.
The statement reflects the position of key players within the oil cartel, who are seeking to demonstrate confidence in the stability of the market.
Russia’s evolving digital economy is reshaping SME financing as marketplaces outpace traditional banks with AI-driven lending models and internal financial ecosystems, prompting lawmakers to call for stronger competition and fairer access to credit.
About 20% of China’s crude oil imports — roughly 2 million barrels per day in the first nine months of this year — come from Russia.
Six senior executives from India’s state-owned oil refiners admitted that the president’s remarks caught them off guard.
Several of the country’s largest energy companies had appealed directly to him, arguing that selling fuel at gas stations had become either unprofitable or barely breaking even.
