Mar 6 • 10:50 UTC 🇬🇷 Greece Naftemporiki

Kremlin: We see a 'significant increase in demand for Russian oil' due to the war in Iran

The Kremlin reports a significant rise in demand for Russian energy products attributed to the ongoing war in Iran, with key buyers like China and India acting in their national interests.

The Kremlin has noted a substantial increase in the demand for Russian energy products as a result of the ongoing conflict in Iran. Dmitry Peskov, the Kremlin spokesperson, highlighted that countries such as China and India are making decisions based on their national interests. According to Peskov, the conflict has shaped market dynamics, leading to a preference for Russian oil and gas, which he touted as reliable sources amid the fluctuating global energy market.

Peskov reiterated Russia's role as a dependable supplier of both crude oil and natural gas. He emphasized that Russia remains capable of ensuring uninterrupted deliveries of energy resources, which are delivered via pipelines as well as liquefied natural gas (LNG). The assertions come at a crucial time when global energy supply chains are experiencing significant stress due to geopolitical tensions, and this is putting a spotlight on the role of Russian energy in the global market.

The U.S. Treasury's recent temporary exemption for India, allowing it to purchase Russian oil currently on tankers at sea, further illustrates the complex web of international energy politics. Peskov's remarks underscore Russia's positioning as a pivotal player in global energy, especially when traditional suppliers face challenges. However, he refrained from disclosing precise quantities related to Russian oil supplies, indicating a degree of strategic ambiguity in Russia's energy dealings in light of the ongoing international sanctions and pressures regarding Russian exports.

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