Based on our tracking, we can see that Iran's crude oil exports are at 1.2 million barrels per day during the first 15 days of December. The running average of the first 15 days during the three months prior was 1.7 million barrels per day. #OOTT

Scoop: The secretive oil trader known as 'Hector,' who’s managed to quietly embed himself in the heart of the Western financial system, has emerged as a key player in arms deals from #Iran to #Russia bloomberg.com/news/articles/… Bloomberg Julian Lee Alfred Cang Will Kennedy Oil Trading Europe

Amazing reporting from Ben Bartenstein showing exactly how an Iranian oil tycoon, who helps get the country's arms to Russia, weaved his business empire into the fabric of the western financial system. bloomberg.com/news/articles/… via Bloomberg

Extraordinary piece. UANI was the first to publicly call for sanctions on #Iran's Hossein Shamkhani in February 2024. This piece only strengthens the case for him to be sanctioned. bloomberg.com/news/articles/…

Nigeria takes another small step down the path toward fuel self sufficiency as another of its oil refineries gets going again. bloomberg.com/news/articles/… via Bloomberg Markets

Interview. Aramco CEO Amin Nasser says US sanctions on Russia are tightening the oil market and gets into some of the numbers of tankers affect and their ability to deliver Russian crude. bloomberg.com/news/articles/… via Bloomberg Markets

Those drone attacks on Ust-Luga appear to have halted crude flows there bloomberg.com/news/articles/… via Bloomberg Markets

Oil is getting loaded at Russia's Sakhalin Island but then it's not getting delivered (because of sanctions). That will soon become a problem if it continues, writes Julian Lee bloomberg.com/news/articles/… via Bloomberg Markets

India's oil refiners are urgently looking into workarounds to Jan. 10 sanctions by the US as they look to keep buying Russian crude bloomberg.com/news/articles/… via Bloomberg

Scoop: TUPRAS now only buys Russian oil & fuel under the price cap (I surmise only a tiny little bit). So there's caution from India, China and now Turkey, all Moscow's big customers, since Jan. 10. bloomberg.com/news/articles/… via Bloomberg

COLUMN: What Ukraine has is scorched earth; what it doesn’t have is rare earths. Surprisingly, many people — not least, US President Trump — seem convinced the country has a rich mineral endowment. It’s a folly. [FREE TO READ] @Opinion #Ukraine 🧵1/12 bloomberg.com/opinion/articl…

Kpler says (i infer only a little bit) that there aren't enough risk-willing unsanctioned tankers to go around between Iran, Russia and Venz bloomberg.com/news/articles/… via Bloomberg Markets

Biden's farewell sanctions are driving up Russia's oil transportation costs (for Urals) by Alex Longley + thanks to Argus Media bloomberg.com/news/articles/… via Bloomberg Markets