China’s independent refineries have turned cautious of procuring Russian crudes following the escalation of the Russia-Ukraine military conflict , while difficulties faced in the issuance of letters of credit dampen Continue Reading
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result Continue Reading
Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for needed crude after a raft of sanctions imposed Continue Reading
Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has Continue Reading
Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, including Rosbank, Unicredit and Raiffeisen, five people Continue Reading
The ruble fell for a third day, trading as low as 110 per U.S. dollar in onshore markets, after Russia pressed forward with its invasion into Ukraine. The currency slid Continue Reading
Zaporizhzhya nuclear power plant in south-eastern Ukraine. Russia told the International Atomic Energy Agency that its military had taken control of territory around Ukraine’s Zaporizhzhya nuclear power plant as diplomats Continue Reading
Russian oil sales are increasingly under an embargo in all but name, threatening a vital source of global crude supply. While there are currently no sanctions in place preventing companies Continue Reading
Russia will keep local stock trading closed for a third day as its wealth fund prepares to deploy billions of dollars to buy the country’s battered stocks following the invasion Continue Reading
Oil traders are staying away from Russian crude after the Western countries banned selected Russian banks from SWIFT, and Russian producers can’t sell their cargoes in tenders because no one Continue Reading
