Global Oil Market Update – Late August 2025
The latest on Russia & Kazakhstan oil exports, India’s crude imports, and China’s market volatility for late August 2025.
Russia & Kazakhstan: Export Shifts and Infrastructure Moves
- Russia Increases Exports: Boosted August plan by 200,000 barrels/day after refinery attacks disrupted domestic processing, freeing more crude for shipment. (Reuters)
- Kazakhstan BTC Pipeline Talks: Negotiating to resume oil transit via the BTC pipeline after contamination issues. (Reuters)
- Druzhba Pipeline Disruptions: Brief interruptions from Ukrainian attacks; supply continuity maintained. (Reuters)
India: Tariffs, Imports, and Strategic Tensions
- Increasing Russian Oil Imports: India plans to raise intake in September despite U.S. tariffs. (Reuters)
- Tariff Effects: U.S. tariffs wipe out savings and risk trade tensions. (Reuters)
- Price Surge Warning: CLSA warns global prices could spike to $100/barrel if India stops sourcing Russian oil. (Economic Times)
China: Volatile Futures and Market Pressures
- Storage Sanctions Impact: U.S. sanctions on Yangshan & Qingdao terminals triggered volatility in Chinese crude and fuel oil futures. (Reuters)
Global & U.S. Oil Price Sentiment
- Price Dip: Seasonal U.S. demand decline and tariff-driven uncertainties lower crude prices. (Reuters)
Author: Anna Hirtenstein
Source: Reuters
