A vessel leaves the Orlan oil plattform at Sakhalin-1’s off-shore rig at the Chaivo field, some 11 km (7 miles) off the east cost of Sakhalin island October 10, 2006. Continue Reading
Oil markets are bracing for the biggest shift in global trade flows ever as nearly 3 million barrels per day of Russian crude oil and products will have to be Continue Reading
While Europe and North America continue to turn their backs on Russian energy, China, India, and several other countries remain happy to buy ‘cheap’ Russian energy products. China is thought Continue Reading
Russia to Flood Asia With Fuels Russia’s seaborne crude exports to Europe are being compressed, with the bloc’s sanctions only about two months away. Shipments in recent weeks have been Continue Reading
Russian gas giant Gazprom Group’s (GAZP.MM) earnings before interest, taxes, depreciation and amortisation more than doubled in the first six months of the year to 3.05 trillion roubles ($52.54 billion), Continue Reading
Global oil flows are changing ahead of the coming embargo on Russian oil, with a growing amount of Russian crude heading east. Meanwhile, the amount of fuel and oil flowing Continue Reading
Referendums on joining Russia held over four days Regions would have Russia’s ‘full protection’ – Lavrov Two sides trade blame for rocket strikes, shelling Ukraine won’t give in to rhetoric Continue Reading
A U.S. Treasury official has ruled out secondary sanctions to enforce a price cap mechanism on Russian oil exports despite a proposal last week by U.S. senators. Democratic and Republican Continue Reading
Images of drunken conscripts brawling and staggering as they depart for the Russian army suggest Vladimir Putin could have difficulty in creating effective fighting forces for his war in Ukraine Continue Reading
President Biden’s national security adviser said on Sunday that the United States had warned Russia that there would be “catastrophic consequences” for the country if Moscow used nuclear weapons in Continue Reading
Russia’s offline primary oil refining capacity was revised down by 3.6% for September from the previous plan to 4.233 million tonnes, according to sources and Reuters calculations. Russia’s offline primary Continue Reading
The tide of international opinion appears to be decisively shifting against Russia, as a number of non-aligned countries are joining the United States and its allies in condemning Moscow’s war Continue Reading
Russian natural gas exports to Europe have dropped by more than 82% in one year, according to Spain’s Energy Transition Minister Teresa Ribera. “In just a year, the flow of Continue Reading
A combine harvester is used to harvest wheat at a farm in Orel, Russia. Photographer: Andrey Rudakov/Bloomberg Russia’s wheat harvest could reach a historic 100 million tons, according to consultant Continue Reading
Booklets were handed out on the eve of the referendum in Luhansk Russian-backed officials in four occupied regions of Ukraine are holding self-styled referendums on joining Russia. Denounced as illegitimate Continue Reading
New York remains far and away the world’s most favored financial centre, with London still second and Singapore overtaking Hong Kong to come in third, latest rankings from the Global Continue Reading
Shale gas is safe and Britain needs to revisit the limits on seismic activity allowed at fracking sites, business minister Jacob Rees-Mogg said on Thursday. “We need to revisit the Continue Reading
Russia is losing its gas war against Europe, according to Standard Chartered analysts. Russia is losing its gas war against Europe. That’s what Standard Chartered analysts think, according to a Continue Reading
China’s spending on Russian energy products hit a record $8.3 billion last month, as the world’s top importer continues to expand its reliance on Moscow for overseas supplies of crude, Continue Reading
Russian President Vladimir Putin on Wednesday called up 300,000 reservists to fight in Ukraine and said Moscow would respond with the might of all its vast arsenal if the West Continue Reading
Russia’s declaration of a partial mobilization and plans for occupied areas of Ukraine to hold referenda on joining Russia have raised the risk that Western countries will introduce harsher sanctions. Continue Reading
Russia’s seaborne crude flows have plunged so far in September; lower export duty rates in October will be another hit to revenue Russia to Flood Asia With Fuels Russia’s seaborne Continue Reading
Democratic and Republican senators urged U.S. President Joe Biden’s administration on Tuesday to impose secondary sanctions on international banks to strengthen a price cap G7 countries plan to impose on Continue Reading
The meeting between Russian President Putin and Chinese President Xi Jinping was a necessary check-up of relations between the two countries. Putin made four comments that together perfectly encapsulate what Continue Reading
China stepped up crude oil imports from both Russia and Saudi Arabia last month, with the Saudis returning to the top spot of Chinese oil suppliers. Citing customs data from Continue Reading
India purchased some of the nation’s most expensive liquefied natural gas shipments ever after vital Russian deliveries were canceled. GAIL India Ltd. bought several LNG cargoes for delivery between October Continue Reading
Vladimir Putin ’s economic campaign to force European governments to abandon support for Ukraine by sharply curbing their natural-gas supplies looks to be faltering as gas prices fall, Russian government Continue Reading
Indian prime minister Narendra Modi has told Russian president Vladimir Putin that now is “not an era of war”, in some of his most pointed public remarks yet about Russia’s Continue Reading
RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… Chinese President Xi Jingping met Continue Reading
Oil pumping jacks in an oilfield in Tatarstan, Russia. Bloomberg News Russia could find new markets for about half of the crude exports that will be banned by the European Continue Reading
Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday. Two Continue Reading
Underlining Russia’s widening isolation on the world stage, Prime Minister Narendra Modi of India told President Vladimir V. Putin on Friday that it is no time for war — even Continue Reading
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from Continue Reading
Ongoing coronavirus lockdowns impacting Chinese demand China also diversifying crude imports from other suppliers Further expanding energy cooperation is set to be high up the agenda when Russian President Vladimir Continue Reading
IEA: EU ban on Russian seaborne crude may take 2.4 million bpd off the market. IEA: Total Russian oil production will decline to 9.5 million bpd. European countries are importing Continue Reading
Russia and China are making moves to dethrone the U.S. dollar in global oil markets. Russian and Chinese hydrocarbon giants, Gazprom and China National Petroleum Corporation, have agreed to switched Continue Reading
Russia’s oil-export revenue contracted to $17.7 billion in August, the lowest since at least March, as a decline in crude prices more than offset higher supplies abroad, according to the Continue Reading
Public Policy This is part two of a condensed and lightly edited transcript of an interview with Soviet and Russian energy specialist Thane Gustafson. In part one, he described the Continue Reading
The Kremlin said on Tuesday there was no discussion of a nationwide mobilization to bolster the country’s military campaign in Ukraine, days after a surprise Ukrainian offensive drove Russia out Continue Reading
China and India hold the key to the success, or failure, of a price cap on Russian oil proposed by the G7. Asia’s largest oil consumers are expected to buy Continue Reading
Russian President Vladimir Putin confirmed Wednesday while addressing the Eastern Economic Forum (EEF) in Vladivostok that he will soon meet with Chinese President Xi Jinping, which will mark a significant Continue Reading
Russia will send the first shipment from its newest liquefied natural gas terminal to Greece, a surprise destination as Europe tries to reduce its dependency on Moscow for energy supplies. Continue Reading
South African utility Eskom will escalate rotating power cuts from Friday afternoon until Monday morning, it said on Friday, citing a loss of generation capacity. Thomson Reuters Products View full Continue Reading
President Vladimir Putin said on Wednesday he wanted to discuss reopening a U.N.-brokered deal that allows Ukraine to export its grain via the Black Sea after accusing Kyiv and the Continue Reading
As Russia struggles to maintain its offensive in Ukraine, Putin is attempting to leverage the country’s vast energy influence to squeeze the West. Putin’s aggressive use of energy exports is Continue Reading
Russia warned the West on Friday that plans to try to cap the price of Russia’s oil and gas exports in retaliation for the war in Ukraine would fail and Continue Reading
Not long after Russian forces invaded Ukraine, another mobilization began. European energy ministers and diplomats started jetting across the world and inking energy deals — racing to prepare for a Continue Reading
President Vladimir Putin said on Wednesday he wanted to discuss reopening a U.N.-brokered deal that allows Ukraine to export its grain via the Black Sea after accusing Kyiv and the Continue Reading
Russia’s Economic Pain Will Last Years, Adeyemo Says Bloomberg News Russia may face a longer and deeper recession as the impact of US and European sanctions spreads, handicapping sectors that Continue Reading
Russian President Vladimir Putin has criticized grain exports from Ukraine under a UN-brokered deal, claiming that they are failing to reach poorer countries as intended, and he warned that the Continue Reading
