US Sanctions on Russian tankers elevates Asia's competition for Middle Eastern crude supplies with knock-on effects for US energy exports as Trump tariffs inch closer
Today in oil and natural gas markets:
Data from the General Administration of Customs, China, shows crude imports fell to 11.2 MMb/d in December from 11.72 MMb/d in November for a 2024 average of approximately 11 MMb/d
A closer look at fund managers' energy market futures and options positioning
The US Treasury Department's Office of Foreign Assets Control (OFAC) released the toughest sanctions on Russian tankers since the start of the Russia-Ukraine War in 2022.
Record high weekly crude imports from Canada in the first week of 2025 contrast against a steady decline in imports from Mexico as Pemex production troubles continue.
