Sayantan Sarkar

Kolkata, New Delhi

Journalist at Invezz

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Articles

Japan's crude oil imports in structural decline, dependence on Middle East grows

2 days ago | invezz.com | Sayantan Sarkar

Japan’s crude imports are in structural decline. The country is increasingly dependent on Saudi Arabia and the UAE, according to Vortexa. The decrease in Japan’s crude imports from 2022 to 2024 can be attributed to falling domestic demand for transportation fuels, Ivan Mathews, head of market analysis, APAC, Vortexa, said in a report. This fall is due to an ageing and shrinking population, and the shift towards lower-carbon fuels, according to Mathews.
Russian wheat exports plummet for fourth straight month on lower profitability

2 days ago | invezz.com | Sayantan Sarkar

SovEcon, a leading agricultural consultancy, estimates that Russia will export 2.0 million metric tons of wheat in April. This figure represents a significant decrease compared to the 5.0 million metric tons exported in April of the previous year and is also notably lower than the five-year average for April exports, which stands at 3.5 million metric tons. Russia’s wheat export rates have remained below average for four consecutive months.
Analysts expect gold rally to hold as silver trails

2 days ago | invezz.com | Sayantan Sarkar

Gold prices retreated from a fresh record high hit on Tuesday, but remained 1.5% higher than the previous trading day. President Donald Trump’s threat to dismiss US Federal Reserve Chair Jerome Powell triggered a flight to safe-haven assets, driving gold prices to unprecedented highs on Tuesday.
Tariff dispute forces Chinese restaurant to ditch US beef

2 days ago | invezz.com | Sayantan Sarkar

Home Plate BBQ, an American-style restaurant located in Beijing, is currently undertaking a revision of its menus as the US-China trade dispute has resulted in the unavailability of American beef, a previously prominent ingredient, Reuters reported on Tuesday. Home Plate is increasingly sourcing its beef from Australia, whereas previously it solely used US beef, according to the report. The southern-style BBQ restaurant uses 7 to 8 tonnes of brisket monthly.
Asian LNG buyers seize dip as market corrects

6 days ago | invezz.com | Sayantan Sarkar

The Asian Liquified Natural Gas (LNG) market experienced a decline in prices this week, which spurred opportunistic buying activity from some Asian importers. The lower prices presented an attractive opportunity for these importers to secure LNG cargoes at a more favorable cost, potentially leading to increased imports in the near term.
SovEcon raises forecasts for 2025 Russian wheat output on better winter survival rates

1 week ago | invezz.com | Sayantan Sarkar

SovEcon, a leading agricultural consultancy, has revised its forecast for Russian wheat production upwards. The new estimate projects a harvest of 79.7 million metric tons, representing a substantial increase of 1.1 million metric tons from the previous forecast. This adjustment reflects improved conditions and expectations for a more abundant wheat crop in Russia.
Czech Republic ends Russian oil imports after 60 years

1 week ago | invezz.com | Sayantan Sarkar

The Czech Republic had achieved full independence from Russian oil supplies for the first time in its history, government officials announced on Thursday. This milestone was reached due to the completion of capacity upgrades on the TAL pipeline, which comes from the west, according to a Reuters report.
Vietnam to invest $136B in power, eyes nuclear

1 week ago | invezz.com | Sayantan Sarkar

Vietnam, a country heavily dependent on coal for its energy needs, has ambitious plans to significantly increase its power generation capacity by 2030. The country’s newly revised national power plan outlines a strategy that prioritises a shift towards renewable energy sources and the introduction of nuclear power, according to a Reuters report. This move signifies a significant change in Vietnam’s energy policy, as it seeks to reduce its reliance on fossil fuels and diversify its energy mix.
Crude oil set to post weekly rise after recent losses

1 week ago | invezz.com | Sayantan Sarkar

Oil prices rose on Thursday due to tighter supply expectations after Washington imposed additional sanctions on Iranian oil trade. Additionally, some Organization of the Petroleum Exporting Countries producers also pledged more output cuts to offset overproduction through June 2026. At the time of writing, the price of West Texas Intermediate crude oil on the New York Mercantile Exchange was at $63.68 per barrel, up 1.4%.
OPEC receives updated output cut compensation plans from Iraq, Kazakhstan and others

1 week ago | invezz.com | Sayantan Sarkar

The Organization of the Petroleum Exporting Countries announced on Wednesday that it has received revised plans from member countries Iraq and Kazakhstan, as well as other nations within the alliance, detailing their strategies to implement additional oil output cuts. These cuts are intended to offset the overproduction that has occurred beyond the agreed-upon quotas set by the organisation in previous months.