Japan declared it will not execute additional crude oil releases from its national reserves following the G7’s 100-million-barrel pledge, while Hormuz LNG transit remains 75% below pre-war levels. Concurrently, the Moscow Exchange marked shares of major energy firms over restricted disclosures, and the EAEU allocated 3.4 billion rubles for industrial cooperation.
Global market
Japan will not conduct further crude releases from its national strategic reserves, declared Japan’s Chief Cabinet Secretary Minoru Kihara following the G7’s emergency stock allocation. On energy trade shifts, South Korea reduced Saudi Arabia’s share of its crude imports below 30% for the first time since 2021 to diversify supply sources amid Middle Eastern instability. In gas transit, Strait of Hormuz LNG flows remain over 75% below pre-war levels despite the passage of three carriers, according to Kpler tracking data. Meanwhile, European natural gas exchange prices turned downward, while Slovak Prime Minister Robert Fico announced €250 million in 2027 energy tariff subsidies to cap electricity and gas costs for households.
Russia & CIS
The Moscow Exchange introduced special trading tags for shares of eight issuers restricting corporate disclosures, including Surgutneftegas, Bashneft, Sovcomflot, and the Saratov Refinery. On defense and energy security, Russian Presidential Press Secretary Dmitry Peskov characterized ongoing attacks on Ukrainian infrastructure as retaliatory strikes following Kyiv’s pledge to double strikes on Russian refineries. In fiscal policy, the Russian Government projected oil and gas revenues will not exceed 17% of total budget receipts in 2027–2029, reflecting declining commodity dependence. Concurrently, Eurasian Economic Commission Minister Goar Barsegyan reported 3.4 billion rubles in EAEU subsidies for high-tech industrial projects.
Armenia
Reduced LNG flows through Hormuz and the EAEU’s 3.4-billion-ruble industrial subsidy package remain in focus for Armenian analysts, assessing regional transit and trade integration. Despite volatile European gas markets and global shipping constraints, retail prices for petrol, diesel, and compressed natural gas in Armenia remain stable. Natural gas imports from Russia and continuous power generation at the Armenian Nuclear Power Plant proceed without disruption under long-term EAEU trade agreements shielding domestic consumers from market fluctuations recorded by international market price assessments.