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12.02.26 - 21:06
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Russia To Send Oil To Cuba Amid US-Imposed Blockade (ZeroHedge)
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Russia To Send Oil To Cuba Amid US-Imposed Blockade
Russia is preparing to rush urgently needed oil to Cuba under what officials describe as a "humanitarian" arrangement, according to a report Thursday by the pro-government newspaper Izvestia.
The Russian Embassy in Havana told Izvestia that "as far as we know, Russia is expected to supply oil and petroleum products to Cuba as humanitarian aid in the near future" - amid the island's worst energy crunch in years.
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After decades of already crippling sanctions, President Trump's latest Executive Order "imposes a new tariff system that allows the United States to impose additional tariffs on imports from any country that directly or indirectly provides oil to Cuba."
The most devastating move has been to block the ability of the post-Maduro Venezuelan government to send supplies to Cuba. Caracas was Cuba's chief oil supplier.
Key airlines have stopped flights into Havana's main international airport for ...
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12.02.26 - 18:33
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IEA Slashes Oil Demand Growth Forecast For 2026 (ZeroHedge)
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IEA Slashes Oil Demand Growth Forecast For 2026
By Tsvetana Paraskova of OilPrice,
Global oil demand is expected to rise by 850,000 barrels per day this year, the International Energy Agency (IEA) said on Thursday as it cut its growth estimate from 930,000 bpd expected last month.
All the 850,000 bpd growth this year is poised to come from developing economies, with China leading the additional demand, the agency said in its closely-watched Oil Market Report for February.
Petrochemical feedstock products are set to account for more than half of this year's gains, compared with only a third in 2025 when transport fuels dominated growth, the IEA said.
The agency's forecast is well below OPEC's estimate of 1.4 million bpd oil demand growth this year from 2025, which the cartel reiterated in its own monthly report earlier this week. OPEC sees robust growth of 1.3 million bpd for 2027, too.
The IEA today confirmed its estimate that the oil market will be in a surplus in 2026, with ...
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12.02.26 - 12:48
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Svelland Capital′s Martin Wiggen on Geopolitics and Oil (Bloomberg)
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"On Russia, we're finally really seeing a logistical problem," Nadia Martin Wiggen, Director at Svelland Capital says in a Bloomberg Television interview. "We could increasingly start to lose 100,000 barrels per day, up to 600,000 per day because of logistical problems. It's not a production problem, it's where to put the sanctioned oil." She joined "The Pulse with Francine Lacqua" on Bloomberg TV. (Source: Bloomberg)...
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