Please wait...
GulfBase Live Support
Leave a message and our representative will contact you soon
- KFH highlights Islamic finance as catalyst for sustainable development
- Mannai Corp net profit surges 62% to QR101mn on QR3.5bn revenues in 9M-2025
- Vodafone Qatar empowers SMEs, says TMF Group
- Qatar Islamic Bank net profit reaches QR3.46bn in January-September 2025; assets at QR215bn
- Oman Arab Bank highlights ongoing strategic initiatives and future plans
- OQEP, Petronas sign deal to expand global footprint in oil and gas exploration
- Dubizzle Group postpones IPO to assess ideal time for future offering
- Commercial Bank of Dubai achieves record net profit and surpasses Dh100 billion in loans
- Gold extends fall as investors book profits ahead of US inflation data
- Baladna: Record 9M 2025 performance with revenue up 10%, net profit up 170%
23/10/2025 05:23 AST
Russia is set to deliver around 750,000 barrels, or 100,000 metric tons, of a mix of Arctic heavy ARCO oil and gas condensate, a type of light oil, to Syria's Banias port, traders said and LSEG data showed.
Russia has long considered Syria as a key gateway for its trade and military operations in the Middle East and Africa, according to Reuters.
Both Russian oil and gas condensate are subject to Western sanctions, complicating their sale on global markets.
Russian and Syrian officials discussed potential energy cooperation during a meeting in Moscow in October.
The tanker Antarktika, an Aframax vessel able to carry about 700,000 to 800,000 barrels of oil, is at anchor near Banias port after visiting areas close to Russia's Murmansk and Ust-Luga ports to load oil and condensate, LSEG data shows.
Two traders said that the vessel loaded ARCO oil produced by Russia's Gazprom Neft and condensate produced by gas producer Novatek. The buyer and seller of the cargo was not clear.
Russia supplied several cargoes of Arctic oil grades to Syria earlier this year.
ARCO is a heavy oil produced on the Prirazlomnaya offshore platform. One of the traders said that ARCO was not suitable for processing at most refineries unless it was mixed with a light grade or condensate.
In September, a drone strike hit Novatek's Ust-Luga gas condensate processing plant, forcing a shutdown of two of its condensate processing units. The disruption left Novatek with surplus condensate available for export.
Russia also has shipped several cargoes of diesel to Syria this year.
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Brent | 60.94 | -0.4 | -0.65 |
| WTI | 57.22 | -0.38 | -0.66 |
| OPEC Basket | 61.74 | -0.05 | -0.08 |
22/10/2025
Oil prices fell for a second day on Tuesday as concerns about excess supply and risks to demand stemming from tensions between the US and China, the world's top two oil consumers, weigh on the market
Asharq Al Awsat
21/10/2025
Oil prices dipped on Monday, pressured by worries over a global glut as US-China trade tensions added to concerns about an economic slowdown and weaker energy demand.
Brent crude futures wer
Asharq Al Awsat
20/10/2025
Oil markets are bracing for a turbulent fourth quarter as Brent crude hovers near $61 a barrel and traders increasingly question whether prices can hold above the critical $55 floor - or collapse tow
Khaleej Times
19/10/2025
The price of a barrel of Kuwaiti oil fell by USD 1.25, reaching USD 62.52 per barrel in trading on Friday, compared to USD 63.77 on Thursday, according to the Kuwait Petroleum Corporation.
I
Kuwait Times
19/10/2025
Oil prices were slightly higher on Friday, but heading for a weekly loss of nearly 3% after the IEA forecast a growing glut and U.S. President Donald Trump and Russian President Vladimir Putin agreed
Reuters
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia