Overview
- Ukraine is now rationing diesel for front-line units, according to Politico, as higher global prices strain supplies even as Kyiv’s energy ministry says the retail market remains stocked.
- Bloomberg reports Russia’s average daily oil export income has roughly doubled in recent weeks to about $270 million, helped by higher prices and a pickup in shipments.
- Loaded volumes climbed to about 4.07 million barrels per day for the week of March 16–22, with analysts pointing to larger cargoes out of Novorossiysk as tankers took on more oil per trip.
- Indian refiners booked roughly 60 million barrels for April delivery after receiving U.S. Treasury permissions, with buyers including Mangalore Refinery & Petrochemicals and Hindustan Mittal Energy paying reported premiums of $5–$15 a barrel.
- Officials offered starkly different readings of the policy impact, with a U.S. finance chief saying any extra Russian revenue will be capped near $2 billion as Russia’s deputy prime minister claims barrels now move without discounts, even at a premium.