Russia’s second-largest oil producer Lukoil (LKOH.MM) said on Friday it has completed its acquisition of a 50% operator interest in an offshore oil project in Mexico, part of its drive Continue Reading
Russia has spent the past seven years building up formidable financial defences, yet in the long run, its economy is unlikely to withstand the onslaught of coordinated sanctions from the Continue Reading
From Chelsea penthouses to Highgate mansions, Russia’s long-standing infatuation with U.K. real estate is evident from a cursory glance at some of the country’s priciest property transactions. The past decade Continue Reading
The plethora of sanctions that were announced by Western powers after Russia invaded Ukraine and one notable absence: energy industry sanctions. The reason European powers are so reluctant to sanction Continue Reading
Owners of tankers have become reluctant to offer their vessels to load crude from Russia for fear that their future cargo could be breaching potential sanctions if the West decides Continue Reading
China is ready to throw Russia an economic lifeline as Vladimir Putin’s ties with the west deteriorate and Moscow is hit by snowballing sanctions over the crisis in Ukraine. Putin Continue Reading
Highlights Railway issues delay coal delivery from Russia Banks warn against coal trade with Russia: traders Ships warned against going to Suek port: traders Some buyers in China have been Continue Reading
Urals, CPC Blend for March, April deliveries to Asia unaffected SK Innovation keeps close watch on Black Sea ports, logistics US, Southeast Asian crudes could replace CPC Blend, ESPO, Sokol Continue Reading
Austrian oil and gas company OMV (OMVV.VI) is receiving normal gas deliveries from Russia, it said on Thursday. “All contractually agreed quantities are being delivered,” a company spokesperson said in Continue Reading
New gas contracts with Russia are inconceivable, the chair of Germany’s foreign affairs committee told broadcaster RTL/ntv on Thursday after Russian forces launched an invasion of Ukraine. Michael Roth, a Continue Reading
