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Oil Market
BP’s strategic shift fuels merger talk with Shell, Exxon, Chevron
LONDON (Realist English). British oil major BP is emerging as a potential takeover target, with industry insiders and analysts pointing...
Oil market on edge as U.S.–China trade war deepens
WASHINGTON (Realist English). Oil prices have begun to recover after their sharpest drop since 2021. According to Bloomberg, Brent crude...
Saudi Aramco’s profit in the first quarter fell by 19%
RIYADH (Realist English). Oil giant Saudi Aramco reported a 19% drop in first-quarter profit, recorded a net profit of $31.9...
An unknown Indian company supplies millions of barrels of Russian oil
NEW DELHI (Realist English). Gatik Ship Management with head office in Mumbai became one of the world’s largest vessel owners...
Russia’s oil export revenues have declined sharply on the backdrop of record volumes of supplies
PARIS (Realist English). The International Energy Agency (IEA) has reported a sharp drop in Moscow's oil revenues, amid record volumes...
Singapore almost tripled oil imports from Russia after the EU ban
SINGAPORE (Realist English).Singapore's imports of Russian naphtha nearly tripled in the first quarter of 2023 after the European Union banned...
Sanctions against Russia heighten threat of oil spill disaster
OSLO (Realist English). The Chief Executive Officer of one of the world's largest shipping insurance companies has warned of the growing risk...
Russia has bypassed Saudi Arabia on oil supplies to China
MOSCOW (Realist English). In the first two months of 2023, Russia overtook Saudi Arabia as the main supplier of oil...
The Russian budget’s dependence on the oil market is striking
MOSCOW (Realist English). The vulnerability of the Russian budget on the oil market is striking, especially in light of the...
Iran war exposes global reliance on fragile energy routes
LONDON (Realist English). The war involving Iran has exposed the global economy’s dependence on vulnerable fossil fuel supply routes, intensifying...
Taiwan fears US weapons use in Iran could aid China
TAIPEI (Realist English). Taiwan has raised concerns that extensive US use of long-range cruise missiles in the war involving Iran...
Strait of Hormuz disruption sends shockwaves through global trade
LONDON (Realist English). Escalating military tensions around the Strait of Hormuz are rapidly disrupting global shipping and energy markets, as...
Iran war puts Vice President JD Vance in difficult political position
WASHINGTON (Realist English). The ongoing war with Iran has placed US Vice President JD Vance in a politically sensitive position,...
Star Wars without fiction: how space became the next battlefield
MOSCOW (Realist English). “Star Wars” stopped being science fiction long ago. Unfortunately, over ten thousand years of civilisation, humanity has...
Dadivank: The Legacy of Christ’s Apostles in Artsakh
YEREVAN (Realist English). In Artsakh, before the ethnic cleansing and forced deportation – simply put, genocide – carried out by...
An unusual phenomenon at the Church of the Holy Savior in Shushi
YEREVAN (Realist English). In the distant year 1979, as a third-year university student, I used to visit the Church of...
War with Iran seen as inevitable, Armenia warned of looming regional storm
YEREVAN (Realist English). The war with Iran is drawing ever closer. And once again, this pulls Armenia into a zone...
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