Living the seventh year of sectoral sanctions that target its prospective oil and gas projects, Russia has grown accustomed to living under pressure. Sanctions have made it much more difficult Continue Reading
Highlights Gas pipeline project ‘not business driven,’ says former ambassador Petition submitted to German parliament calling to halt project The German national security adviser Jan Hecker will meet his US Continue Reading
A bulldozer moves piles of coal at the Osinnikovskaya coal mine in Osinniki, Russia. European governments are drawing up plans to phase out coal, U.S. coal-fired power plants are being Continue Reading
Trading houses positioning for China demand Import tax on LCO may shift China’s demand to gasoil Premiums of Russia’s ESPO Blend crude rose to multi-month highs in the current month Continue Reading
Global oil deficit is currently seen at around 1 million barrels per day, Russia’s deputy prime minister Alexander Novak told reporters on Wednesday. He added that the Organization of Petroleum Continue Reading
Moscow Mayor Sergei Sobyanin on Friday lamented how few residents had chosen to get vaccinated against COVID-19 despite free and easy access to shots since January, a rare admission by Continue Reading
Highlights Site to include 13 million mt/year Baltic LNG facility Some 18 Bcm/year to enter the Russian gas network Site also to produce 3 million mt/year of polymers Russia’s Gazprom Continue Reading
The oil market is fairly balanced at present with demand slightly exceeding supply, Russia’s Deputy Prime Minister Alexander Novak told reporters on Wednesday. Russia, as OPEC’s key partner in the Continue Reading
Maxim Shemetov Russia’s deputy foreign minister said on Wednesday that if the United States waived sanctions on the company in charge of construction of the Nord Stream 2 pipeline, that Continue Reading
Second year into the pandemic-triggered limbo, many statements that would have seemed quite uncontroversial before COVID pummeled Europe’s energy markets today might seem questionable. Before 2020, Russia was the leading Continue Reading
