Keywords: Exports


Gulf states raise oil output as Iran tensions escalate

Major Gulf producers increased oil exports ahead of U.S. and Israeli strikes on Iran, seeking to stabilize global markets in case of supply disruptions. Abu Dhabi National Oil Company (ADNOC) released additional volumes of Murban crude for April delivery, which lowered the grade’s spot premiums......

Türkiye’s exports reach $20.3 billion in January despite annual decline

Türkiye’s exports totaled $20.31 billion in January, marking a 4% decrease compared to the same month a year earlier, according to figures released by the Turkish Statistical Institute. Data showed that imports edged up by 0.1% year-on-year to $28.69 billion, pushing the monthly trade deficit......

Middle East crude shipments push oil tanker rates to six-year high amid U.S.-Iran tensions

Freight costs for transporting crude oil from the Middle East surged to their highest level in six years as exporters accelerated shipments while tensions escalate between the United States and Iran. The cost of chartering a very large crude carrier capable of carrying two million barrels from the Persian......

China uses Thailand as hub to funnel drones to Russia

China has quietly developed a new channel for supplying drones to Russia, rerouting exports through Thailand as Moscow seeks to evade Western sanctions over its war in Ukraine. A Bloomberg investigation identifies little-known Thai companies acting as intermediaries in a fast-growing trade that turns......

Iranian rial plunges as capital flight hits record levels

Iran’s currency has tumbled to historic lows as capital flight accelerates and oil revenues decline under renewed US sanctions, deepening strains on an economy already grappling with high inflation and social pressure over potential bread price increases. The Iranian rial weakened to around 16.3......

Russian Urals crude discount widens to lowest since 2023

Russia’s flagship Urals crude is trading at its steepest discount to global benchmark Brent in nearly three years, underscoring mounting pressure on Moscow’s key export revenues as Western sanctions persist and Indian demand weakens. The discount on Urals expanded to $28 per barrel on a......

German economy projected to grow just 1% in 2026, chamber warns

Germany’s economy is projected to grow by only 1% in 2026, according to the German Chamber of Industry and Commerce (DIHK), slightly above its earlier forecast of 0.7%. The chamber emphasized that structural reforms are essential to achieve a more sustainable recovery. Helena Melnikov, managing......

China to grant zero tariff access to 53 African nations in 2026

China will open its market to duty free imports from 53 African countries beginning in May 2026, extending zero tariff treatment to eligible goods from nations that maintain diplomatic relations with Beijing. The decision broadens earlier preferential trade arrangements that applied to a smaller group......

PDVSA restricts oil sales to firms without individual US licences amid sanctions uncertainty

Venezuela’s state oil company, Petróleos de Venezuela, S.A. (PDVSA), has limited crude sales over the past two weeks to companies holding individual licences from the United States, curbing exports despite a broader general licence issued by US authorities earlier this year. According to......