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Kremlin Says Demand for Russian Energy Surges Amid Global Crisis
The Kremlin said demand is rising as Russia shifts oil and gas eastward, with Urals crude trading $5 to $8 above Brent last month.
- On Tuesday, Kremlin spokesman Dmitry Peskov reported a surge in requests for Russian energy, stating that global market conditions have fundamentally changed and now favor Russia's interests.
- The Israeli war against Iran has triggered a global energy crisis by trapping oil in the Gulf, forcing Iran to close the Strait of Hormuz to most vessels.
- Ukrainian strikes on refineries and pipelines have cut export capacity by 1 million barrels per day, constraining Russia despite producing around 10 million barrels of crude daily.
- President Vladimir Putin continues diverting energy eastward, with Yamal LNG sending its first cargo to China since November, positioning Russia ahead of Europe's upcoming import bans.
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The Ormuz Road blockade and the global energy crisis opened the way to Moscow: in addition to Serbia and Hungary, new countries demand Russian energy, and prices are already rising.
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Kremlin Says the World Is Lining Up for Russian Energy
The Kremlin announced that there is a large demand for Russian energy amid a severe global energy crisis affecting oil and gas markets. The ongoing U. S. and Israeli conflict with Iran has worsened this crisis by blocking oil access in the Gulf, as Iran has closed the Strait of Hormuz to most vessels. This […] The post Kremlin Says the World Is Lining Up for Russian Energy appeared first on Modern Diplomacy.
Coverage Details
Total News Sources16
Leaning Left1Leaning Right5Center1Last UpdatedBias Distribution72% Right
Bias Distribution
- 72% of the sources lean Right
72% Right
14%
14%
R 72%
Factuality
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