Russia Steps Up Energy Wars With Gas Cuts to Europe’s Top Buyers
Flows of gas into Nord Stream will drop to as much as 67 million cubic meters per day. Source: Bloomberg Bloomberg News Russia stepped up the use of energy as Continue Reading
Russia’s economy in for a bumpy ride as sanctions bite
This “anti-sanctions” Lada Granta comes without airbags or GPS “It’s the most affordable new vehicle in Russia. They’re calling it… the anti-sanctions car!” That was Russian state TV putting a Continue Reading
Russian seaborne oil exports could find ways round EU insurance ban: sources
Highlights Freight for clean tankers ex-Black Sea at record highs UK likely to follow EU in insurance ban on vessels carrying Russian oil Russian crude exports largely resilient, product exports Continue Reading
Russian gas flows to Europe fall further amid diplomatic tussle
Supply via Nord Stream 1 to Germany cut to 40% capacity Europe’s benchmark gas price jumps 25% in morning trade Gazprom blames cuts on delayed return of equipment from Canada Continue Reading
Russian army steps up recruitment as Ukraine war losses thin ranks
Russia is scrambling to recruit men to fight in Ukraine after major losses in the early months of the war left the army stretched thin and some soldiers disenchanted. The Continue Reading
Russia seaborne oil exports at 3-year highs despite sanctions shake-up
China, India importing 1 mil b/d more Russian crude Urals trading at almost $40/b discount to Dated Brent EU looks to US, Norway, Egypt to fill crude supply gap Russian Continue Reading
Crude oil futures recover on tight supply, bullish OPEC report
Highlights Global oil demand to rise 3.36 million b/d in 2022: OPEC Russian oil supply to decline 170,000 b/d from 2021: OPEC US gasoline inventories fall 2.2 million barrels: API Continue Reading
Oil prices rise as tight supply counters China COVID, recession worries
Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh COVID-19 curbs in China. Brent crude futures Continue Reading
Global oil demand set to rise 2% to new high in 2023, says IEA
World oil demand will rise more than 2% to a record high of 101.6 million barrels per day (bpd) in 2023, the International Energy Agency said on Wednesday, although sky-high Continue Reading
Oil-Supply Growth Expected to Lag Behind Demand Next Year
Global demand for oil will rise above prepandemic levels next year following three years of Covid-19 lockdowns and the economic shock of the Ukraine war, the International Energy Agency said. Continue Reading