Russia’s Gazprom has shut down the Nord Stream 1 pipeline to Germany, claiming that it has been unable to repair the necessary equipment. Now, in a facility near the start 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
State energy giants Gazprom (GAZP.MM) and China National Petroleum Corporation (CNPC) signed several agreements on Tuesday, including on the use Russian roubles and Chinese yuan to pay for Russian natural Continue Reading
President Vladimir Putin said Russia will not supply crude oil, refined products or gas to any nations that introduce price caps on Russian commodities, describing such measures as “another stupidity.” Continue Reading
After years of planning, Iran is moving to increase production at Phase 11 of South Pars. The first phase involves the drilling of 30 wells plus the fabrication and erection Continue Reading
China purchases three Sakhalin LNG cargoes in August Robust power consumption boosts gas demand Drought in Sichuan spurs gas-fired power plant load China’s LNG imports from Russia reached a 22-month Continue Reading
Ukraine made its boldest claim yet of success on the battlefield in its week-old counter-offensive against Russian forces in the south, while European markets went into free-fall on Monday after Continue Reading
Russian gas giant Gazprom said on Monday it had received a formal warning from Russian regulators that the idled Portovaya compressor station, which is supposed to push gas towards Germany Continue Reading
Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an Continue Reading
Flows of Russian gas to Europe via Ukraine were stable on Tuesday morning, while the Nord Stream 1 pipeline from Russia to Germany remained shut and eastbound gas flows via Continue Reading
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
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
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
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 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
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 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
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
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
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
‘Many see the move as a power play to ratchet up political pressure on European supporters of Ukraine’. Russia is giving the term ‘power burn’ a whole new meaning by Continue Reading
On a hot, humid East Coast day this summer, a massive container ship pulled into the Port of Baltimore loaded with sheets of plywood, aluminum rods and radioactive material – Continue Reading
Russia is flaring natural gas at the Portovaya plant near the Finnish border while drastically cutting gas flows via the Nord Stream pipeline to Germany, a Rystad Energy analysis shared Continue Reading
Russian President Vladimir Putin ordered a major buildup of his country’s military forces Thursday in an apparent effort to replenish troops that have suffered heavy losses in six months of Continue Reading
Russia’s July oil and gas condensate output was 10.76 million barrels per day (bpd), up from 10.70 million bpd in June, according to data published on Wednesday by the Rosstat Continue Reading
Russian crude oil and condensate production has been 1.9% lower this month compared to July, and if the trend holds, August will be the first month in four in which Continue Reading
Highlights Russia was UK’s biggest supplier of refined products in 2021 Saudi Arabia, Netherlands, Belgium, Kuwait filling supply gap Question mark hangs over indirect imports of Russian oil The UK Continue Reading
Russia’s record employment signals a surprisingly smooth decoupling from the West. Its rapid replacement of McDonald’s and Starbucks says business as usual. Yet pressures are building inside its economic machine. Continue Reading
Russia and Iran are building the foundation for a potential natural gas cartel. The Russia-Iran alliance aims to control as much of the two key elements in the global supply Continue Reading
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft (ROSN.MM) affiliate, as they are worried about Western sanctions over Russia’s invasion of Ukraine, Continue Reading
Russia’s economy has avoided the meltdown many predicted after Moscow sent its forces into Ukraine six months ago, with higher prices for its oil exports cushioning the impact of Western Continue Reading
Russia and Ukraine have been at war for 6 months Armies have been locked in grinding war of attrition No immediate prospect of meaningful peace deal Europe is facing a Continue Reading
China’s coal imports from Russia jumped 14% in July from a year earlier to their highest in at least five years, as China bought discounted coal while Western countries shunned Continue Reading
Martin Kopf needs natural gas to run his family’s company, Zinkpower GmbH, which rustproofs steel components in western Germany. Zinkpower’s facility outside Bonn uses gas to keep 600 tons of Continue Reading
The daughter of a Russian nationalist ideologist who is often referred to as “Putin’s brain” was killed when her car exploded on the outskirts of Moscow, officials said Sunday. The Continue Reading
Russia will halt natural gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom (GAZP.MM) said Continue Reading
Russia’s idle primary oil refining capacity in September has been revised down to 3.826 million tonnes, 11% lower than the previous estimate, sources citing refinery maintenance data said and Reuters Continue Reading
Russia needs strategic oil storage facilities to help its oil industry and oil trade with the Western sanctions, Russian experts and industry officials say. “As of today, it is necessary, Continue Reading
Higher oil export volumes, coupled with rising gas prices, will boost Russia’s earnings from energy exports to $337.5 billion this year, a 38% rise on 2021, according to an economy Continue Reading
Below are a number of Crude oil plus Condensate (C + C ) production charts for Non-OPEC countries created from data provided by the EIA’s International Energy Statistics and updated Continue Reading
The $40Bn Iran–Russia deal for joint development of offshore fields in the Middle Eastern country could fall through due to corrosion issues. Iran and Russia face significant challenges in their Continue Reading
Russia’s gas giant Gazprom said on Tuesday that its natural gas exports slumped by 36.2 percent to 78.5 billion cubic meters between January and the middle of August, as deliveries Continue Reading
On a sunny October morning, the nation’s top intelligence, military and diplomatic leaders filed into the Oval Office for an urgent meeting with President Biden. They arrived bearing a highly classified Continue Reading
Russia’s Gazprom (GAZP.MM) has ramped up flows to Hungary via the Turkstream pipeline that brings gas to Hungary via Serbia, a Hungarian foreign ministry official said on Saturday. European Union Continue Reading
The Russian economy contracted steeply in the second quarter as the country felt the brunt of the economic consequences of its war in Ukraine, in what experts believe to be Continue Reading
Ukrainian farm company HarvEast said Russia stole as much as 200,000 tons of crops from its farms in eastern occupied areas, as Kyiv urges buyers to seize suspicious grain shipments. Continue Reading
Moscow and Kyiv have traded accusations of targeting the Zaporizhzhia plant in southern Ukraine, which has been under Russian control since March following Russia’s full-scale invasion of its neighbor. The Continue Reading
Russian oil production and exports have been holding resilient in recent months, with much smaller declines than initially expected, the International Energy Agency (IEA) said on Thursday. But the agency’s Continue Reading
President Vladimir Putin’s invasion of Ukraine set Russia’s economy back four years in the first full quarter after the attack, putting it on track for one of the longest downturns Continue Reading
Standard Chartered: “The power of Russia’s gas ‘weapon’ has deteriorated significantly,”. Europe started the 2021/2022 winter heating season with gas in storage below seasonal norms. Even if Russia cuts off Continue Reading
