Russian, Iranian Oil Buyers Reaching for Western Supplies, Vitol CEO Says -- Market Talk

Dow Jones

Feb 12

1052 GMT - Buyers of Russian and Iranian oil are reaching for Western supplies as a result of geopolitical pressures, says Vitol's Chief Executive Russell Hardy. "Geopolitics is definitely putting pressure on the supply side," he says at the International Energy Week in London. A positive supply outlook is emerging from Venezuela, where recent U.S. licensing has paved the way for American companies to help boost production and exports. In contrast, Russian oil is finding fewer buyers due to Western sanctions and Iranian oil exports are constrained by geopolitical tensions and restrictions. "The traditional buyers of those two supply sources are reaching for more Western supply sources or Saudi supply sources, which is in turn tightening the real market." (giulia.petroni@wsj.com)

(END) Dow Jones Newswires

February 12, 2026 05:53 ET (10:53 GMT)

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A positive supply outlook is emerging from Venezuela, where recent U.S. licensing has paved the way for American companies to help boost production and exports. In contrast, Russian oil is finding fewer buyers due to Western sanctions and Iranian oil exports are constrained by geopolitical tensions and restrictions. \"The traditional buyers of those two supply sources are reaching for more Western supply sources or Saudi supply sources, which is in turn tightening the real market.\" (giulia.petroni@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2026 05:53 ET (10:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Russian, Iranian Oil Buyers Reaching for Western Supplies, Vitol CEO Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRussian, Iranian Oil Buyers Reaching for Western Supplies, Vitol CEO Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-12 18:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1052 GMT - Buyers of Russian and Iranian oil are reaching for Western supplies as a result of geopolitical pressures, says Vitol's Chief Executive Russell Hardy. \"Geopolitics is definitely putting pressure on the supply side,\" he says at the International Energy Week in London. A positive supply outlook is emerging from Venezuela, where recent U.S. licensing has paved the way for American companies to help boost production and exports. In contrast, Russian oil is finding fewer buyers due to Western sanctions and Iranian oil exports are constrained by geopolitical tensions and restrictions. \"The traditional buyers of those two supply sources are reaching for more Western supply sources or Saudi supply sources, which is in turn tightening the real market.\" (giulia.petroni@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 12, 2026 05:53 ET (10:53 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WRN","symbol_name":"西方铜金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2610942372","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2610942372","pubTimestamp":1770893580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1052 GMT - Buyers of Russian and Iranian oil are reaching for Western supplies as a result of geopolitical pressures, says Vitol's Chief Executive Russell Hardy. \"Geopolitics is definitely putting pressure on the supply side,\" he says at the International Energy Week in London. A positive supply outlook is emerging from Venezuela, where recent U.S. licensing has paved the way for American companies to help boost production and exports. In contrast, Russian oil is finding fewer buyers due to Western sanctions and Iranian oil exports are constrained by geopolitical tensions and restrictions. \"The traditional buyers of those two supply sources are reaching for more Western supply sources or Saudi supply sources, which is in turn tightening the real market.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"WRN":"西方铜金","BK4168":"多种金属与采矿"},"translate_title":"维多首席执行官表示，俄罗斯和伊朗石油买家正在寻求西方供应——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WRN":1.5},"content_text":"1052 GMT - Buyers of Russian and Iranian oil are reaching for Western supplies as a result of geopolitical pressures, says Vitol's Chief Executive Russell Hardy. \"Geopolitics is definitely putting pressure on the supply side,\" he says at the International Energy Week in London. A positive supply outlook is emerging from Venezuela, where recent U.S. licensing has paved the way for American companies to help boost production and exports. In contrast, Russian oil is finding fewer buyers due to Western sanctions and Iranian oil exports are constrained by geopolitical tensions and restrictions. \"The traditional buyers of those two supply sources are reaching for more Western supply sources or Saudi supply sources, which is in turn tightening the real market.\" (giulia.petroni@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 12, 2026 05:53 ET (10:53 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}