US Senators Seek Sanctions On Nord Stream 2 Through New Legislation
A group of US senators on both sides of the aisle is set to introduce a bill that will seek to sanction the Nord Stream II gas pipeline, according to Continue Reading
Hungary’s MOL says to stockpile contaminated Russian crude
Hungarian oil group MOL will stockpile around 100,000 tonnes of contaminated Russian crude and, like other companies, make it usable by adding clean oil, the company said in a statement Continue Reading
Russia’s Rosneft looks to cut net debt by $2-$3 billion in second-quarter
Russian oil giant Rosneft plans to cut its net debt by $2-$3 billion in the second quarter, company managers told a conference call on Monday, adding sanctioned Venezuelan state oil Continue Reading
Russia’s Oil Production Dips To Below OPEC+ Quota
Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Reuters reported on Monday, citing two industry sources, which means that Moscow is finally within Continue Reading
Russia’s Rosneft Boosts Q1 Net Profit On Higher Prices, Production
Russia’s largest oil producer, Rosneft, reported on Monday a higher net income in the first quarter compared to both the fourth quarter of 2018 and Q1 2018, thanks to higher Continue Reading
Belarus’ Lukashenko says damages from contaminated oil ‘enormous’: Belta
The president of Belarus Alexander Lukashenko said on Saturday the cost of damages from contaminated oil received via the Russian Druzhba oil pipeline was ‘enormous’ and Belarus expects compensation from Continue Reading
Factbox: Russian oil flows to Europe drop amid contamination
Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude, contributing to a rise in global oil prices and leaving refiners Continue Reading
Russia resumes Ust-Luga crude loadings after contamination shutdown
Moscow — Russia has resumed loading Urals crude at the Baltic port of Ust-Luga following a contamination issue that has shut down deliveries for a number of weeks. “Currently at Continue Reading
Oil quality problems at Russia’s Ust-Luga seen lasting until May 11: trade
Russian oil quality from the Baltic port of Ust-Luga was improving on Thursday but was still not good enough for refiners in Europe, with required standards expected to be reached Continue Reading
Rosneft to boost oil exports from Pacific amid problems in Europe: trade
Russia’s Rosneft will load an extra crude oil cargo from the Pacific port of Kozmino on May 30-31 in addition to the initial loading plan, amid Russian oil export problems Continue Reading