Russia Sanctions Lead to $237B Decline in Oil Project Pipeline
Novatek’s $21 billion liquified natural gas plant, Yamal Arctic 2, is one of many oil and gas projects in Russia that has been put on hold. The sanctions placed on Continue Reading
India Proposes Settling Russia Trade in Rupees as Purchases Rise
India is proposing to settle trade with Russia in rupees, according to a person with knowledge of the matter, as the South Asian nation presses ahead with purchases of oil Continue Reading
US fears surge in crude prices from ban on insuring Russian oil tankers
he US is urging European capitals to seek ways of easing the impact of their ban on insuring Russian oil cargoes, arguing the measure could cause global crude prices to Continue Reading
Nord Stream 1 gas supply cut aimed at sowing uncertainty, Germany warns
Russia’s Gazprom (GAZP.MM) on Wednesday announced a further cut in the amount of gas it can pump through the Nord Stream 1 pipeline to Europe, a move Germany’s economy minister Continue Reading
Russia Steps Up Energy Wars With Gas Cuts to Europe’s Top Buyers
Flows of gas into Nord Stream will drop to as much as 67 million cubic meters per day. Source: Bloomberg Bloomberg News Russia stepped up the use of energy as Continue Reading
Russia’s economy in for a bumpy ride as sanctions bite
This “anti-sanctions” Lada Granta comes without airbags or GPS “It’s the most affordable new vehicle in Russia. They’re calling it… the anti-sanctions car!” That was Russian state TV putting a Continue Reading
Russian seaborne oil exports could find ways round EU insurance ban: sources
Highlights Freight for clean tankers ex-Black Sea at record highs UK likely to follow EU in insurance ban on vessels carrying Russian oil Russian crude exports largely resilient, product exports Continue Reading
Russian gas flows to Europe fall further amid diplomatic tussle
Supply via Nord Stream 1 to Germany cut to 40% capacity Europe’s benchmark gas price jumps 25% in morning trade Gazprom blames cuts on delayed return of equipment from Canada Continue Reading
Russian army steps up recruitment as Ukraine war losses thin ranks
Russia is scrambling to recruit men to fight in Ukraine after major losses in the early months of the war left the army stretched thin and some soldiers disenchanted. The Continue Reading
Russia seaborne oil exports at 3-year highs despite sanctions shake-up
China, India importing 1 mil b/d more Russian crude Urals trading at almost $40/b discount to Dated Brent EU looks to US, Norway, Egypt to fill crude supply gap Russian Continue Reading