Russia Sanctions Spur Buying Frenzy for Ice-Breaking Tankers
The cost of oil tankers that can navigate icy waters has surged ahead of looming European Union sanctions on the export of Russian crude. Some…
Putin and Erdogan agreed to start paying for Russian gas supplies in rubles
On Friday, at the talks in Sochi, the presidents of Russia and Turkey reached an agreement on paying for Russian gas supplies in rubles, Deputy…
Russia wants to deprive oil revenues
The G7, a group of the seven most developed countries in the world, has begun preparing a mechanism that will allow setting a price ceiling…
G7 Weighs Russia Oil Price Cap
Group of Seven nations are discussing a cap on the price of Russian oil that would work by imposing restrictions on insurance and shipping, according…
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…
Russia and Iran discuss swapping supplies for oil and gas, goods logistics
Russia and Iran have discussed swapping supplies for oil and gas as well as setting up a logistics hub, Russian Deputy Prime Minister Alexander Novak…
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…
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…
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…
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…
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…
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…
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…
Peskov: Russia will not stop gas supplies to Europe in response to sanctions
The Kremlin called “fake hysteria” reports that Russia, in response to sanctions, could stop gas supplies to Europe. “This is another brilliant example of such…
Russia expects oil market to return to pre-crisis level in 2022 — Deputy Prime Minister
Alexander Novak pointed out that the volatility in the oil market was not very high now, but the factor of the new strain had to…
Transit of Russian gas through Ukraine decreased by almost a quarter
Transit of natural gas through the gas transmission system (GTS) of Ukraine in January-November 2021 amounted to 38.3 bcm, by 23.6% less than in the…
Iran ready to connect electricity grid to Azerbaijan, Russia
Emphasizing readiness of Iran to develop and continue exchange of electricity between Iran and Azerbaijan, Iranian Energy Minister said that Iran is ready to connect…
Russia, Vietnam aim for further promotion of partnership — statement
The statement confirms the “mutual intent for further promotion of relations of comprehensive strategic partnership” Russian President Vladimir Putin and President of Vietnam Nguyen Xuan…
Russia and Kazakhstan agree on Russian electricity power export
Terms of the supplies will be soon outlined by commercial companies, Russian Deputy Prime Minister Alexander Novak said Russia and Kazakhstan have agreed on on…
Urals oil doubles in price
The average price of Urals oil, the main Russian export item, in October increased by 12.5% compared to September this year and doubled compared to October 2020,…
Moldova will receive gas from Russia in November at a price of $450
Moldova, within the framework of a contract with Gazprom, will receive Russian gas in November at a price twice lower than the market price, wrote…
Russia to provide extra gas supplies to Europe if necessary, vows upper house speaker
Europe’s gas crisis deteriorated this autumn after it’s spot prices soared past $1,000 per 1,000 cubic meters and approached $2,000 per 1,000 cubic meters amid…
Russia cannot be blamed for gas crisis in Europe, says ex-BP CEO Dudley
Russia cannot be blamed for gas crisis in Europe, Chairman of the Oil and Gas Climate Initiative (OGCI), ex-CEO of BP, Bob Dudley told TASS…