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Kremlin Says Demand for Russian Energy Surges Amid Global Crisis
Asian buyers are lining up for Russian oil and gas as Ukraine strikes and Iran-related disruptions tighten global supplies, Reuters reported.
- 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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17 Articles
17 Articles
Russia emerges as 'strategic energy partner' for Global South thanks to Iran
Russian oil hit a 13-year high before the ceasefire as Moscow pivots to "strategic energy partner" for the Global South. Kremlin says it is fielding "an enormous number" of requests for energy supplies as trade flows shift.
·Berlin, Germany
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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.
·Portugal
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Coverage Details
Total News Sources17
Leaning Left1Leaning Right5Center2Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
13%
C 25%
R 62%
Factuality
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