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Category: Russia

In July, Moldova will buy Russian gas for $980

In July, Moldova will buy gas from Russia at a price of $980 per thousand cubic meters, i.e., prices will increase by more than 11% compared…

Europe may shift back to coal as Russia turns down gas flows

Europe’s biggest Russian gas buyers raced to find alternative fuel supplies on Monday and could burn more coal to cope with reduced gas flows from…

WSJ: OPEC is studying the suspension of Russia’s participation in the OPEC + deal

The Wall Street Journal, citing OPEC delegates, reports that some OPEC members are considering suspending Russia’s participation in the OPEC+ deal amid Western sanctions. The…

Russia might cut oil production

Lukoil Vice President Leonid Fedun believes that Russia needs to reduce oil production by a third. According to him, oil companies bear the costs of…

Russian oil’s Achilles’ heel: insurance

Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens to throw a spanner in…

Cargoes of Russia’s flagship crude oil at sea climb to record high

Some 62 million barrels of Russia’s flagship Urals crude oil, a record amount, are sitting in vessels at sea, data from energy analytics firm Vortexa…

Gazprom supplying 46.1 mcm of gas to Europe via Ukraine

Russia’s Gazprom delivers gas to Europe in transit through Ukraine in the amount of 46.1 million cubic meters per day through the Sudzha gas measuring…

Russia stops gas flows to Finland over payments dispute

Russia’s Gazprom on Saturday halted gas exports to neighbouring Finland, in the latest escalation of an energy payments dispute with Western nations. Gazprom Export has…

Eni begins process of opening accounts in Gazprombank as temporary measure

Italy’s Eni has begun the process of opening two “K” type settlement accounts with Gazprombank (one in euros, the other in rubles) as a precautionary…

Shell gas stations stop working in Russia

Gas stations of the Anglo-Dutch company Shell stopped selling fuel in Russia, but cafes and shops at gas stations continue to operate, a company representative…

Gazprom’s exports to non-CIS countries decreased by 27% over four months

Russian gas exports to non-CIS countries in April 2022 (11.6 bcm) practically repeated the same modest result of January this year (11.4 bcm) due to…

Discounts on Urals oil reached $37 per barrel

The discount on Russian export oil Urals in relation to the benchmark Brent reached a maximum of $37 per barrel on April 19, after which…

Azerbaijan starts to pay Russia for gas in rubles

“Moscow has taken preventive measures to reduce risks, appeared from West’s actions. Moscow has made a more active transition to operations in national currencies with…

Reserves of the Caspian field LUKoil may amount to 140-150 mln tons

The hydrocarbon reserves of the new gas condensate field discovered by Lukoil in the Caspian Sea within the geological structure Titonskaya can amount to 140-150 million tons…

Export of Russian gas to non-CIS countries decreased by 26.4%

Gazprom’s exports to non-CIS countries over 3.5 months decreased by 26.4% compared to the same period last year – to 44.6 billion cubic meters, the…

Russian gas price for Moldova to rise to $1193 in April

The purchase price of Russian gas for Moldova in April will rise to $1,193 per thousand cubic meters, said the head of Moldovagaz, Vadim Cheban….

Gazprom continues supplying gas for transit to Europe via Ukraine as normal

Gazprom continues supplying Russian gas for transit to Europe through Ukrainian territory as per normal, Spokesman Sergey Kupriyanov told reporters. “Gazprom supplies Russian gas for…

TotalEnergies Not Planning to Divest Russia Assets

TotalEnergies SE doesn’t plan to divest its Russian assets amid the war in Ukraine, as doing so would essentially mean handing them over to President…

Ukraine crisis: Why India is buying more Russian oil

Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp…

Turkey’s dependence on Russian gas decreased from 51% to 40%

Turkey’s dependence on Russian gas has dropped from 51% to 40% in four years, Foreign Minister Mevlut Cavusoglu said. Turkey has seen Russia as a…

Lukoil’s global trading arm scales back operations following sanctions

The Swiss trading arm of Russian energy giant Lukoil has scaled back operations after the oil company cut its supply of capital to guarantee nearly…

Gazprom workers told to rally around President Putin

Head of Russian gas monopoly Alexei Miller addresses employees as the Russian hydrocarbon industry heads for massive production shut-in Alexei Miller, the executive board chairman…

EU Ban on Russian Oil ‘Would Hit Everyone,’ Kremlin Says

A European Union ban on imports of Russian oil would have a profound effect on the global crude market and hit the continent hardest, said…

IEA: Oil production in Russia may fall by 3 million bpd due to sanctions

Against the backdrop of sanctions and refusals of oil buyers from abroad, Russia may reduce production by 3 million bpd in April, according to a…

EU eyes phasing out Russian gas in case of protracted conflict in Ukraine

The European Union may refuse to buy energy sources from Russia if the Ukraine conflict drags on, El Pais said, citing diplomatic sources. Report informs, citing…

EU Plans To End Russian Fossil Fuels Dependency Well Before 2030

The European Commission has proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030 – starting with gas…

How much oil and oil products did Russia supply to the US?

Most of the Russian energy supplies are not oil, but oil products, the statistics from the Energy Information Administration (EIA) of the US Department of…

Oil markets hit multiple milestones after Russia sanctions

Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion…

Foreign companies leave the Russian oil industry

The oil and gas corporation Exxon Mobil recalls American employees employed in oil and gas projects in Russia, Reuters reported, citing a source. According to…

Gazprom is designing a powerful gas pipeline through Mongolia to China

On February 28, Gazprom signed an agreement to design a gas pipeline through Mongolia to China, with a capacity of 50 bcm. “The special purpose…

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