|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.96 - 6.96|
|52 Week Range||6.96 - 6.96|
|Beta (5Y Monthly)||0.49|
|PE Ratio (TTM)||0.40|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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Azerbaijan's state oil company SOCAR has reached a significant agreement with Russia's Lukoil, involving a $1.5 billion loan and the supply of Russian crude to SOCAR's STAR oil refinery in Turkey.
Russian oil producers supplied their first cargoes of CPC Blend crude to the United Arab Emirates (UAE) in August and September, four traders told Reuters, opening up a new export route as Moscow looks to find new customers and skirt Western sanctions. Moscow has found new markets for its oil despite sanctions imposed by G7 countries since the start of the war in Ukraine, which Moscow calls a special military operation. The world's third largest oil exporter, Russia has rerouted most of its oil to China, India and Turkey over the past year, and has also sent cargoes to countries including Brazil, Sri Lanka and Pakistan.
Russia is shipping its first crude oil cargo to Brazil, as it seeks to diversify its list of buyers, which has been drastically limited by U.S. and EU sanctions, LSEG data showed and traders said. Russia has been heavily relying on India and China as main buyers of its crude after European embargo and price cap policies were imposed in December last year after Russia's action in Ukraine that Moscow calls a special military operation. Brazil is part of the BRICs alliance together with India and China which have been the most active buyers of Russian oil heavily discounted because of sanctions.