EU Can Pay for Russian Gas Without Violation Sanctions
Companies in the EU may have discovered a way to pay for Russia’s gas in rubles without violating sanctions, the European Commission said on Friday. The companies would need to Continue Reading
Some EU Members Ready To Veto Oil Embargo
Some members of the European Union stand ready to veto any bloc-wide attempts to impose an oil embargo on Russia, Russia’s TASS reported , citing an interview with the EU Continue Reading
EC says ‘appears possible’ to make Russian gas payments under new decree
Putin approved new ruble payment scheme March 31 EC warns of legal implications of new mechanism EC sent new guidance to member states April 21 The European Commission believes it Continue Reading
Western sanctions raise hurdles for Russia in Iraq
Western sanctions are creating new challenges for Russia in Iraq, according to several industry officials, who said Russian companies have had trouble making and receiving payments and faced hesitancy from Continue Reading
China Energy Giants in Talks for Shell’s Russian Gas Stake
China’s key state-run energy companies are in talks with Shell Plc to buy its stake in a major Russian gas export project, according to people with knowledge of the matter. Continue Reading
Exxon Could Withdraw Completely From Russia Within Two Months
U.S. supermajor ExxonMobil, which joined other international majors in announcing withdrawal from Russian oil and gas projects, plans to shut down all its businesses in Russia by June 24, Reuters Continue Reading
Russia’s Oil Production Has Dropped By 10% Since The Start Of The War In Ukraine
OilX data suggests that Russian production has declined by 10% since the start of the Ukraine War. IEA: Russian oil supply is expected to fall by 1.5 million bpd in Continue Reading
Gazprom aims to fill Russian gas storage sites to 72.662 Bcm ahead of winter
Would be all-time high for Russian storage levels Slightly up on the level reached by end-October 2021 To hike the maximum withdrawal rate to 852.4 million cu m/d Russia’s state-controlled Continue Reading
Russian oil exports resilient to sanctions, boycotts for now as trade routes adjust
Seaborne product exports hit most but crude flows little changed India buys more crude while China flows hold steady Diesel imports surge to the Netherlands’ oil refining/storage hub Russia’s seaborne Continue Reading
Chinese credit card processor rebuffs Russian banks
China’s credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its war on Ukraine, cutting off a possible alternative after Continue Reading