Uniper says is still paying Gazprom in euros
Uniper (UN01.DE) is continuing to pay for deliveries from Gazprom (GAZP.MM) in euros, a spokesperson for the German utility said on Thursday, adding no decision had been made yet on Continue Reading
Russia Sees 600,000 Jobs at Risk on Foreign Exodus, Tass Reports
A closed McDonald’s restaurant at a shopping mall in Moscow, Russia. Source: AFP/Getty Images Bloomberg News Sign up here to get the latest updates on the Russian invasion of Ukraine. Continue Reading
Russia’s Richest Man Owns More Melting Arctic Than Anyone
Vladimir Potanin, received a public scolding from Russian President Vladimir Putin on June 5. The broadcast came just days after his mining company, Nornickel, spilled diesel into the Arctic. Vladimir Continue Reading
EU energy groups prepare to meet Vladimir Putin’s terms for Russian gas
Some of Europe’s largest energy companies are preparing to use a new payment system for Russian gas demanded by the Kremlin, which critics say will undercut EU sanctions, threaten the Continue Reading
Iran Invites Russia To Invest Its One Sanctions-Proof Energy Sector
The chief officer of Iran’s new National Petrochemicals Company invites Russia to help exploit opportunities in the sector. Iran’s petchem industry has not been targeted by international sanctions so far. Continue Reading
Trafigura to stop buying crude from Russia’s Rosneft before May 15
Global commodities trader Trafigura Group will stop all purchases of crude oil from Russia’s state oil company Rosneft by May 15, a company spokesperson said on Tuesday. The Geneva-based firm Continue Reading
Russia to Cut Gas to Poland, Bulgaria Until Pay Demands Met
Gazprom says it will keep supplies turned off until Poland and Bulgaria agree to Moscow’s demand to pay for the crucial fuel in rubles. Bloomberg News Russia’s Gazprom PJSC said Continue Reading
Russia sees its oil output falling by up to 17% in 2022 -document
Russia may see its oil production fall by as much as 17% in 2022, an economy ministry’s document seen by Reuters showed on Wednesday, as the country struggles with Western Continue Reading
Russia’s GDP decline could hit 12.4% this year, economy ministry document shows
Russia expects the economy to contract by 8.8% in 2022 in its base case scenario, or by 12.4% under a more conservative scenario, an economy ministry document showed on Wednesday, Continue Reading
Blasts heard overnight in three Russian provinces along Ukraine border
Series of blasts were heard in the early hours of Wednesday in three Russian provinces bordering Ukraine, authorities said, and an ammunition depot in the Belgorod province caught fire around Continue Reading
Four European Gas Buyers Made Ruble Payments to Russia
Four European gas buyers have already paid for supplies in rubles as Russia demanded and further cutoffs if others refuse the Kremlin’s requirement aren’t likely until the second half of Continue Reading
Polish PM decries Russian ‘gas blackmail’
Poland’s prime minister has lashed out at Russia for trying to “blackmail” his country with an abrupt cutoff of gas supplies. He says he believes the move was revenge for Continue Reading
Russia Tried to Sell a Huge Slug of Oil. Nobody Wanted It.
Russia failed to sell a huge batch of oil, a sign that soon-to-be imposed sanctions against its state oil giant are playing havoc with the energy industry that undergirds its Continue Reading
Russia’s gas cutoff to Poland and Bulgaria should be manageable, analysts say.
Gazprom’s announcement on Tuesday that it would suspend natural gas supplies to Poland and Bulgaria is not likely to have a major impact on the overall European gas market, analysts say. But Continue Reading
Does the exit ramp look more attractive to Putin now?
Russian President Vladimir Putin protested to Kremlin visitors Monday that his adversaries were trying to “win on the battlefield” and “destroy Russia from within.” For once, he wasn’t just being Continue Reading
Russia Could Lose Half Of Its Revenue If EU Agrees On A Full Oil Embargo
The European Union is ironing out the details of a potential oil embargo on Russia. A full embargo from the EU could be particularly devastating for Russia’s already-struggling oil industry. Continue Reading
Trafigura To Sever All Ties With Russia’s Rosneft By May 15th
Global commodities giant Trafigura confirmed today that it will stop all crude oil purchases from Russian state-backed Rosneft by May 15th. It is the latest commodities trader to cut ties Continue Reading
Germany Could Ban Russian Oil In ‘Days’
Germany has already cut Russian oil imports by over 20%, with officials now spreading optimism that it could be only a matter of days before the country is capable of Continue Reading
EU ‘prepared’ for Russian gas halt, says EC President, as prices surge
Attempt by Russia to use gas as ‘instrument of blackmail’ Meeting of EU gas coordination group taking place now Working to ensure alternative deliveries, high storage European Commission President Ursula Continue Reading
Russia and India in talks to restart coking coal supplies
Russian and Indian officials met last week in an effort to resolve an impasse over the shipping of coking coal to Indian steelmakers, which has dried up since March over Continue Reading
Russia investigates large oil depot fire in region near Ukraine
Russia said on Monday it would investigate the cause of a large fire that erupted in the early hours of the morning at an oil storage facility in the city Continue Reading
EU aims to end use of Russian oil, gas by 2027, Gentiloni tell newspaper
The European Union aims to reduce its dependence on Russian oil and gas by two-thirds by the end of the year and to zero by the end of 2027, EU Continue Reading
Rosneft huge oil tender fails after it demands rouble payment -traders
Rosneft failed to sell oil in a jumbo tender after demanding prepayment in roubles, five traders said on Monday, meaning the country’s top oil company will need to find ways Continue Reading
Brussels prepares to hit Russia with ‘smart sanctions’ on oil imports,
The European Union is preparing “smart sanctions” against Russian oil imports, The Times reported on Monday, citing the European Commission’s executive vice president, Valdis Dombrovskis. “We are working on a Continue Reading
Borrell says no EU agreement on Russian energy embargo
There is insufficient support from European Union member states for a complete embargo or punitive tariff on Russian oil and gas imports, the EU’s top diplomat Josep Borrell was quoted Continue Reading
Russian rouble firms past 74 vs dollar, stocks slip to near 2-month low
The Russian rouble opened stronger on Monday, firming past 74 against the dollar, helped by tax payments that companies are due to make this week and as the market looked Continue Reading
Gazprom’s gas exports to Europe via Ukraine up on Sunday
Russian gas producer Gazprom (GAZP.MM) said it was supplying natural gas to Europe via Ukraine on Sunday in line with requests from European consumers. Requests stood at 51.7 million cubic Continue Reading
U.S. oilfield services firm Halliburton warns of risk to Russian assets
U.S. oilfield services firm Halliburton Co (HAL.N) on Friday warned it may face the Russian government’s seizure of its $340 million in assets in the country and a future charge Continue Reading
A third of gas exports to Europe via Ukraine in danger due to Russian forces, Naftogaz says
One third of gas exports from Russia to the European Union via Ukraine could be lost if Russian forces continue disrupting operations in newly occupied areas, the head of Ukraine’s Continue Reading
Britain says Ukraine repelled numerous Russian assaults along the line of contact in Donbas
Ukraine has repelled numerous Russian assaults along the line of contact in Donbas this week, a British military update said on Sunday. Despite Russia making some territorial gains, Ukrainian resistance Continue Reading
Europe Risks Rationing If Putin Cuts Off Russian Gas Supply
The prospect of Europe getting cut off from Russian gas supplies is starting to get real. The clock is ticking in a standoff over the Kremlin’s demand that its customers Continue Reading
Western sanctions raise hurdles for Russia in Iraq
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
Gazprom’s gas exports to Europe via Ukraine slip on Saturday
Russian gas producer Gazprom (GAZP.MM) was supplying natural gas to Europe via Ukraine on Saturday in line with requests from European consumers, RIA news agency reported. Requests stood at 48.6 Continue Reading
Russia says it plans full control of Donbas and southern Ukraine; Moldova protests
Russia plans to take full control of Donbas and southern Ukraine during the second phase of what it calls its special military operation, the deputy commander of Russia’s central military Continue Reading
Russia’s standing in G-20 not threatened by Ukraine invasion
The last time Russia invaded Ukraine, in 2014, outraged world leaders booted Russia out of the Group of Eight industrialized nations, which quickly rebranded itself the Group of Seven. Eight Continue Reading
Russia Blocks Economic Data, Hiding Effect of Western Sanctions
The consequences of harsh economic sanctions against Russia are already being felt across the globe. WSJ’s Greg Ip joins other experts to explain the significance of what has happened so Continue Reading
Russia seeks control of southern Ukraine, says top Russian commander
A senior Russian military commander said Russia aimed to seize the whole of Ukraine’s Donbas region and capture territory linking it to the annexed Crimean peninsula. Russian troops began a Continue Reading
Hackers Claim to Target Russian Institutions in Barrage of Cyberattacks and Leaks
The Ukrainian government appears to have begun a parallel effort to punish Russia by publishing the names of Russian soldiers and agents of the F.S.B., a major Russian intelligence agency.Maxim Continue Reading
White House: Europe Determined To Ban Russian Energy Exports
Senior White House advisor: Europe is determined to ban imports of Russian oil and gas. Yellen: full ban of Russian crude could have unintended consequences to the U.S. economy. Europe’s Continue Reading
Analysts: Russia’s Gas Exports To Europe Could Drop By One-Third
Gazprom’s natural gas sales to Europe this year could drop by 40 billion-45 billion cubic meters (bcm) from around 150 bcm in 2021. Supply risk is increasing as the war Continue Reading
EU Can Pay for Russian Gas Without Violation Sanctions
Companies in the EU may have discovered a way to pay for Russia’s gas in rubles without violating sanctions, the European Commission said on Friday. The companies would need to Continue Reading
Some EU Members Ready To Veto Oil Embargo
Some members of the European Union stand ready to veto any bloc-wide attempts to impose an oil embargo on Russia, Russia’s TASS reported , citing an interview with the EU Continue Reading
EC says ‘appears possible’ to make Russian gas payments under new decree
Putin approved new ruble payment scheme March 31 EC warns of legal implications of new mechanism EC sent new guidance to member states April 21 The European Commission believes it Continue Reading
Western sanctions raise hurdles for Russia in Iraq
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
China Energy Giants in Talks for Shell’s Russian Gas Stake
China’s key state-run energy companies are in talks with Shell Plc to buy its stake in a major Russian gas export project, according to people with knowledge of the matter. Continue Reading
Exxon Could Withdraw Completely From Russia Within Two Months
U.S. supermajor ExxonMobil, which joined other international majors in announcing withdrawal from Russian oil and gas projects, plans to shut down all its businesses in Russia by June 24, Reuters Continue Reading
Russia’s Oil Production Has Dropped By 10% Since The Start Of The War In Ukraine
OilX data suggests that Russian production has declined by 10% since the start of the Ukraine War. IEA: Russian oil supply is expected to fall by 1.5 million bpd in Continue Reading
Gazprom aims to fill Russian gas storage sites to 72.662 Bcm ahead of winter
Would be all-time high for Russian storage levels Slightly up on the level reached by end-October 2021 To hike the maximum withdrawal rate to 852.4 million cu m/d Russia’s state-controlled Continue Reading
Russian oil exports resilient to sanctions, boycotts for now as trade routes adjust
Seaborne product exports hit most but crude flows little changed India buys more crude while China flows hold steady Diesel imports surge to the Netherlands’ oil refining/storage hub Russia’s seaborne Continue Reading
Chinese credit card processor rebuffs Russian banks
China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its war on Ukraine, cutting off a possible alternative after Continue Reading