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This post was originally published on this siteSupply concerns as escalating geopolitical tensions between Russia and the West increase the risk of sanctions against Russian oil product exports and steady regional demand are expected to boost the Asian middle distillates for the Feb. 28-March 4 trading week. At 10:00 am Singapore time (0200 GMT), the […]

This post was originally published on this siteCrude oil futures were sharply higher in mid-morning Asian trade Feb. 28 as Russia puts its nuclear deterrence force on alert following a new round of financial sanctions imposed on the country after its military advanced into Ukraine over the weekend. At 11:03 am Singapore time (0303 GMT),

This post was originally published on this siteThe front-month Japan naphtha swaps backwardation rose 13.64% on the day Feb. 25 to a record high, bolstered by tight Western arbitrage supply and rising crude futures. The March-April Mean of Platts Japan naphtha swap time spread widened $2.25/mt on the day to $22.75/mt at the Asian close

This post was originally published on this siteMany Asian buyers have been backing off from a wide range of Russian commodities like oil, gas, coal and the chartering of Russian vessels on growing uncertainty over payments and widening efforts to sever Moscow from the global financial system, traders said. The uncertainty stems from an increasing

This post was originally published on this siteOil spiked Sunday and equity futures sank as U.S. and western allies ramped up sanctions over the weekend.

This post was originally published on this siteThe European Commission and Japan intensified their plans for Russia sanctions on Feb. 27 as the US and EU coordinated on details to implement the pending ban on Russian banks using the SWIFT international payment system that could impact the trading of Urals crude oil. Meanwhile, crude oil

This post was originally published on this siteCrude oil futures opened substantially higher Feb. 27 as fighting intensified in Ukraine and as the G7 nations and their allies planned to impose stricter sanctions against Russia, including banning Russian banks from using the SWIFT international payment system, which could indirectly impact crude trading. At 2320 GMT,

Oil prices jumped in overnight trading Sunday amid worries that a new round of sanctions against Russia will upend the country's energy industry.

This post was originally published on this sitePressure on US and European governments to directly target Russia’s energy exports was rising Feb. 27, although analysts still consider such an escalation of Western sanctions as unlikely given the potential for global economic damage. Helima Croft, RBC head of global commodity strategy, said Feb. 27 that it

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