24/10/2025 – US sanctions against Rosneft and Lukoil, crude oil prices rebound after India and China stop buying – Read the other news
GAS & POWER: While Europe and the United States are accelerating on sanctions against the Russian energy sector, Japan is instead trying to curb recent pressure to reduce purchases from Moscow, which came from the American administration itself. Both the trade and energy ministries have in fact warned of possible extra costs linked to the stoppage of Russian liquefied gas supplies, today equal to around 10% of the total. Tokyo has long-term active contracts scheduled to expire beyond 2030 with the Sakhalin-2 terminal.
OIL: Quotations up 5% yesterday, sales from the last two weeks of trading reabsorbed, in what was the most significant daily price deviation since the escalation in the Middle East last June. After American sanctions against Lukoil and Rosneft, the main state companies of India and China have announced a temporary stop to purchases of Russian crude oil.
OIL: Quotations up 5% yesterday, sales from the last two weeks of trading reabsorbed, in what was the most significant daily price deviation since the escalation in the Middle East last June. After American sanctions against Lukoil and Rosneft, the main state companies of India and China have announced a temporary stop to purchases of Russian crude oil.
