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In 2023, Brazil and Saudi Arabia replaced France and Germany as the countries with the second- and third-most seaborne diesel imports from Russia after sanctions related to Russia’s petroleum product trade went into effect in February 2023. Türkiye was Russia’s largest seaborne diesel importer in both 2022 and 2023. Diesel made up 40% of Russia’s seaborne ...
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The price of Brent oil broke the key resistance level of 84.00 and started an uptrend. The asset’s price rebounded to the crossing point of these trendlines and formed a long black candle at the end of the trading week to make up for the prior pullback. The price of oil is likely to drop at the beginning of next week. So, let’s observe whether this scenario ...