German Economy Minister Robert Habeck on Wednesday said if Russia insisted that existing contracts be paid in roubles rather than the agreed euro and dollar denominations, it would be in Continue Reading
Russia said it would work out practical arrangements by Thursday for foreign companies to pay for its gas in roubles, raising the probability of supply disruptions as Western nations have Continue Reading
Foreign consumers of Russian natural gas should simply acquire roubles to pay at the Moscow Exchange and no change in the law is required, a senior Russian lawmaker was quoted Continue Reading
Germany triggered an emergency plan to manage gas supplies in Europe’s largest economy on Wednesday, an unprecedented move that could see the government ration power if there is a disruption Continue Reading
Germany has activated the first stage of an emergency plan to manage gas supplies in Europe’s largest economy in preparation for a possible disruption or stoppage of natural gas flows Continue Reading
Poland will strive to stop all Russian oil, gas and coal imports this year, as moves to wean Europe off its dependence on energy supplies from the country over its Continue Reading
Europe’s already high gas prices have gyrated since Russian President Vladimir Putin announced plans to have importers pay for Russian natural gas in rubles instead of dollars and euros. Here’s Continue Reading
Transneft, the Russian oil pipeline operator, has informed local oil companies that it would be capping the intake of yet-to-be-sold crude because of full storage as buyers in the West Continue Reading
Russian steel market was expected to grow 2%-3% on year prior to the war Logistical challenges make rerouting steel volumes to Asia costly Eastern railway network overburdened, Northern Sea route Continue Reading
Russian pipeline operator Transneft is restricting oil intake into its network as storage levels build, Reuters reported on March 29. Transneft declined to comment on the report when contacted by Continue Reading
Japan will ban the export of high-end cars and other luxury goods to Russia in its latest response to the Russian invasion of Ukraine, the trade ministry said on Tuesday. Continue Reading
The United States and its allies plan new sanctions on more sectors of Russia’s economy that are critical to sustaining its invasion of Ukraine, including supply chains, Deputy U.S. Treasury Continue Reading
Russian gas deliveries to Europe on three key pipeline routes were broadly steady on overall on Tuesday morning, little changed from Monday evening. Flows to Germany through the Nord Stream Continue Reading
Russian oil exports continue to make their way onto the global market. Buyers in China and India have found ways to circumvent Western sanctions. Russia continues to make a large Continue Reading
Russia has issued a firm warning following the G7’s rejection of its gas-for-rubles scheme. The G7 has said the demands from Moscow were “one-sided and a clear breach of contracts.” Continue Reading
Russian companies grappling with stinging international sanctions are exploring ways to relocate. The bulk of the enterprises and individuals making the move out of Russia to Kazakhstan are involved in Continue Reading
The de facto buyers’ strike on Russian crude that began a month ago propelled oil prices to their highest levels in years. Now the real effects are starting to create Continue Reading
India is not considering buying oil from Russia using Indian rupees, the junior oil minister told parliament on Monday, after Western nations imposed sanctions on Russia over its invasion of Continue Reading
For all the focus on how Russia’s economy is in trouble, isolated and battered by western sanctions, China, its most important ally, faces serious tremors as well. No other major Continue Reading
Ukraine is ready to declare neutrality, abandon its drive to join Nato and vow not to develop nuclear weapons if Russia withdraws troops and Kyiv receives security guarantees, President Volodymyr Continue Reading
A tanker used for shipping liquefied natural gas sits in Sabettan, Russia. Russian tankers carrying oil chemicals and oil products are increasingly concealing their movements, a phenomenon that some maritime Continue Reading
Russian gas deliveries to Europe on three main pipeline routes were stable on Monday morning, with the Yamal-Europe pipeline continuing to flow eastwards from Germany into Poland. Flows to Germany Continue Reading
Russia’s Arctic gas ambitions are under threat as international sanctions over the invasion of Ukraine jeopardise deliveries of the specialised vessels needed to ship the fuel from its vast projects Continue Reading
OPEC+ will look at supply and demand when it meets Mar 31 OPEC+ lost 1 mil barrels from natural decline in a year NOCs cannot replace IOC production Russia is Continue Reading
Neither Gazprom nor the Kremlin shed light on how they will implement Putin’s announcement that Russia’s gas trade with Europe will shift into rubles. Neither Gazprom nor the Kremlin could Continue Reading
India is leaning toward continuing to import coking coal from Russia, the steel minister said on Sunday, seeming to buck a global trend to shun Moscow over its invasion of Continue Reading
A Gazprom PJSC compressor station in the Lensk district of the Sakha Republic. The trading arm of Russia’s gas giant Gazprom PJSC is under increasing pressure as clients and peers Continue Reading
Without Russian help, climate scientists worry how they’ll keep up their important work of documenting warming in the Arctic. Europe’s space agency is wrestling with how its planned Mars rover Continue Reading
Russia’s invasion of Ukraine has delayed or derailed international collaborations studying climate change in the Arctic, with many Western scientists and scientific organizations cutting ties with Russian research institutions and Continue Reading
China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for caution as sanctions Continue Reading
The Biden administration is preparing sanctions targeting Russian companies it says provides goods and services for the military and intelligence services, including dual-use components used in weapons proliferation, U.S. officials Continue Reading
President Vladimir V. Putin’s demand on Wednesday that “unfriendly countries” like the United States, Britain and the European Union members pay for Russian natural gas in rubles has raised questions as to Continue Reading
Russian state-owned energy giant Gazprom (GAZP.MM) said on Saturday that it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The company Continue Reading
Commodities traders such as Trafigura and Vitol have helped keep Russia’s oil flowing through its Baltic and Black Sea ports in March, when some Western firms started to snub the Continue Reading
Russia warned the West on Friday that billing in roubles for billions of dollars of natural gas exports to Europe could be just days away, Moscow’s toughest response yet to Continue Reading
Energy Markets on War Footing Russia has choked throughput on a Caspian Sea pipeline carrying crude oil from the Tengiz fields in Kazakhstan to Russia’s Black Sea coast. Russian officials Continue Reading
While the European Union looks for ways to reduce its imports of Russian gas, flows via Ukraine remain high, at 109 million cu m daily amid lower wind energy output. Continue Reading
Germany’s economy ministry wants to halve the country’s dependence on Russian oil by the summer and have no Russian hard coal imports by the autumn, Der Spiegel magazine said on Continue Reading
The Swiss trading arm of Russian energy giant Lukoil (LKOH.MM) has scaled back operations after the oil company cut its supply of capital to guarantee nearly $1 billion in margin calls in Continue Reading
The European Union and the United States are set to unveil a deal on Friday to supply Europe with more U.S. liquefied natural gas (LNG), sources told Reuters, as the Continue Reading
German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia ordered the switch of contract payments to roubles, raising the Continue Reading
Russia’s economy is on course to contract in two consecutive years for the first time since the collapse that followed the Soviet breakup three decades ago, according to a Bloomberg Continue Reading
President Vladimir V. Putin’s demand on Wednesday that “unfriendly countries” like the United States, Britain and the European Union members pay for Russian natural gas in rubles has raised questions as to Continue Reading
OPEC: EU oil embargo on Russia to hurt consumers. OPEC+ and OPEC have not officially commented on the Russian invasion of Ukraine. Nothing is off the table about additional EU Continue Reading
As part of drafting contingency plans to meet natural gas demand, the European Union is currently assessing all scenarios, including the possibility of a halt in Russian gas supply to Continue Reading
Compounding ongoing supply chain concerns, Russia’s war on Ukraine is posing a major problem for the auto industry. The industry has already spent the past two years trying to catch Continue Reading
China’s oil refiners are discreetly purchasing cheap Russian crude as the nation’s supply continues to seep into the market. Unlike India’s state-run oil refiners, which have issued a number of Continue Reading
Chinese internet users called it a “proxy war”: three weeks ago, two pensioners in a Shanghai park got into a fight over the Ukraine conflict that left Russia backing Shen Continue Reading
Geely is examining its future in Russia, casting doubt on expectations that China’s carmakers would push further into the country to take advantage of the exodus of international groups following Continue Reading
Asian importers of Russian gas were scrambling on Thursday after Russian President Vladimir Putin said “unfriendly” countries must pay for Russian gas in roubles, in the latest jolt to global Continue Reading
