O.P.Verma
2 posts by O.P.Verma
- Iraq's oil rebound: Real recovery, hidden routes and the Red Sea escape plan Iraq's oil rebound is challenging the narrative of a prolonged Gulf supply disruption. October crude production reportedly recovered to 4.22 mbd, approaching pre-crisis levels, while southern loadings are signaling a potential return to—and possibly above—pre-war volumes. But higher loadings do not necessarily mean higher delivered exports. Hormuz transit risks, alternative trade routes and opaque movements remain critical uncertainties. XA's key call: Iraq's oil rebound may be more bearish for Gulf crude differentials than for Brent itself. Crude
- Ukraine continued strikes on Russian refineries - hampering US-Russia diesel deal? Ukraine continues to strike Russian refineries with resulting disruptions reportedly taking out 30 per cent of Russia's capacity since late October. Moscow and Washington entered a deal for the supply of Russian diesel to the latter. The initial agreement covered 3000,000 metric tons, followed by additional scheduled shipments. The deal had attracted adverse comments from all corners of the world. Earlier the US has also eased certain restrictions to permit these shipments.