Why The Russian Oil Price Cap Won’t Work
Reducing the availability of insurance services is seen by Western leaders as a way of reducing Russian crude exports. Russia stated last week that it would not sell oil to Continue Reading
Russia delays reopening of Nord Stream in blow to gas-starved Europe
Nord Stream flows halted for three days this week Gas deliveries were due to resume on Saturday at 0100 GMT Russia blames sanctions for pipeline disruptions Brussels says Moscow using Continue Reading
The U.K., a Maritime Insurance Hub, Commits to Cap Price of Russian Oil
Nadhim Zahawi, U.K. chancellor of the exchequer, said he was confident the price cap plan would succeed. “I’m confident that tomorrow we’re going to be able at the G-7 get Continue Reading
Top Russian oil official falls to death from hospital window – sources
Ravil Maganov, the chairman of Russia’s second-largest oil producer Lukoil (LKOH.MM) , died on Thursday after falling from a hospital window in Moscow, two sources familiar with the situation said, Continue Reading
Shell Walks Away From Major Russian LNG Project With Nothing
Shell Plc will walk away from Russia’s Sakhalin-2 liquefied natural gas project with nothing after President Vladimir Putin transferred the major facility to a new operating company. The London-based firm’s Continue Reading
Gazprom says it will halt gas supplies to France’s Engie, cites lack of payment
Russia’s Gazprom (GAZP.MM) said on Tuesday it would fully suspend gas deliveries to major European utility Engie (ENGIE.PA) from Thursday in a dispute over contracts, a move which will deepen Continue Reading
Russia deepens Europe’s energy squeeze with new gas halt
Russia halted gas supplies via Europe’s key supply route on Wednesday, intensifying an economic battle between Moscow and Brussels and raising the prospects of recession and energy rationing in some Continue Reading
France has been ready for Gazprom’s ‘pretext’ to switch off gas – minister
The logo of Gazprom is seen on the facade of a business centre in Saint Gazprom is using a mere excuse to switch off natural gas deliveries to its French Continue Reading
IEA: Russian Oil Output Still Exceeding Expectations
Six months into Russia’s war on Ukraine, Russia’s oil output has continued to exceed expectations although experts are warning that Moscow will find it increasingly difficult to uphold production as Continue Reading
Russia Curbs Gas Supply to France’s Engie as Squeeze Worsens
WATCH: Engie says it has been informed by Gazprom of a reduction in gas deliveries starting Tuesday. Stephen Stapczynski reports. Europe faced a further squeeze in Russian energy supplies as Continue Reading