France’s gas network manager, meanwhile, said no gas had flowed into the country through its border with Germany since Wednesday. And in Italy, the eurozone’s third-biggest economy, Eni SpA said Continue Reading
Hackers on Friday delayed the start of President Vladimir Putin’s speech to Russia’s flagship economic forum, shorn of strong Western participation as Russia adjusts to the “new reality” of life Continue Reading
Russia’s Rosneft PJSC is proceeding with its flagship Vostok Oil project in the Arctic, Chief Executive Officer Igor Sechin said, just over a week after a key partner announced it’s Continue Reading
As Russia tries to take the initiative in eastern Ukraine, Moscow has had to find fresh manpower from some unlikely places for what is shaping up to be a crucial Continue Reading
All parties agreed to suspension in advance’: Gazprom Suspension comes amid major European supply disruptions Bulgaria received gas via TurkStream prior to April 27 cut-off Russia’s Gazprom said June 18 Continue Reading
As the Biden administration contemplates expanding punitive measures on Russia for its invasion of Ukraine, a big hurdle lies closer to home: the American consumer. U.S. drivers are embarking on Continue Reading
Russia could continue its participation in the OPEC+ oil production agreement even after it officially expires at the end of this year, Russian Deputy Prime Minister Alexander Novak said on Continue Reading
Highlights Exportable surplus set to grow to 41 mil mt for 2022-23: IKAR Russia will struggle to export over 3 mil mt/month: traders Panamax owners most reluctant to load from Continue Reading
Flows of Russian gas to France via Germany have been halted since June 15, French pipeline operator GRTgaz said on Friday. The group said it had no information on the Continue Reading
European gas prices have soared by as much as 50% in just one week. The surge in prices was spurred by reduced Russian flows and an outage at a key Continue Reading
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 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
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
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
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
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
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
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
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
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
Russia said it would no longer disclose monthly figures breaking down how much the government spent on various budget items including defense, even as it released data showing the ruble’s Continue Reading
Russian forces have advanced in eastern Ukraine over recent weeks behind overwhelming artillery barrages, a shift in fortunes made possible by better access to rail lines delivering tons of ammunition Continue Reading
The European Union’s top aviation safety regulator said on Tuesday that he is “very worried” about the safety of Western-made aircraft continuing to fly in Russia without access to spare Continue Reading
Gazprom said Tuesday it’s reducing flows through Nord Stream. Gazprom PJSC has cut gas supplies to Italy, state-controlled oil giant Eni SpA said Wednesday, citing a communication from the Russian Continue Reading
Russia’s oil-export revenues surged to around $20 billion in May despite shipping lower volumes, as a rally in global energy prices buoyed its coffers, according to the International Energy Agency Continue Reading
A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas NEW DELHI, June 13 (Reuters) – Russia Continue Reading
Russia’s seaborne crude flows are taking on a new pattern as Moscow seeks to deal with impending European sanctions on its exports. India has moved from being an insignificant buyer Continue Reading
India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Continue Reading
The United States has a new plan to curb Russia’s oil revenue. The U.S. is in talks with European allies over a potential price cap on Russian crude. The goal Continue Reading
Andrey, a young car mechanic, was walking through the city of Horlivka in separatist-controlled eastern Ukraine with his friend Elena in late March when they were stopped by a military Continue Reading
Current tactics risk $150/b oil, $6/gal gasoline Import tariffs, transfer caps among options Energy sanctions against Russia need to be reconfigured to better target the country’s revenues from oil and Continue Reading
Even before the start of the war in Ukraine, an international alliance to rally the world against a Russian invasion came together so quickly that President Biden later marveled at the “purpose Continue Reading
State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance firms withdrew cover for Russian shipowners, three people familiar with Continue Reading
Russia’s population is declining even as it emerges from the worst of the Covid-19 epidemic, underlining the government’s difficulties in reversing the slump as President Vladimir Putin wages war in Continue Reading
Russian forces around Ukraine’s Sievierodonetsk had not made advances into the south of the city as of Friday, Britain’s Defence Ministry said on Saturday. “Intense street-to-street fighting is ongoing and Continue Reading
Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns Continue Reading
Image caption, Russia’s President Vladimir Putin has openly compared himself to Peter the Great Vladimir Putin’s admiration for Peter the Great is well known but he now seems to have Continue Reading
The Biden administration’s leading international energy adviser has called on India not to go “too far” as it increases imports of discounted Russian crude that has lost buyers in Europe. Continue Reading
Russian President Vladimir Putin said on Thursday that Russian companies will not block off their oil wells despite the West’s efforts to lessen its dependence on energy supplies from Moscow. Continue Reading
Russia said on Thursday it did not expect Gazprom (GAZP.MM) to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in Continue Reading
Russia’s war in Ukraine is causing a significant negative effect on the global economy and is pushing inflation higher and for longer, Mathias Cormann, Secretary-General of the Organization for Economic Continue Reading
Russian gas delivery to Europe via the Nord Stream 1 pipeline across the Baltic Sea and through Ukraine remained stable on Friday morning, while eastbound flows rose along the Yamal-Europe Continue Reading
Russia may be getting more revenue from its fossil fuels now than shortly before its invasion of Ukraine, as global price increases offset the impact of Western efforts to restrict Continue Reading
Some analysts have predicted that Western sanctions on Russia, combined with the EU’s embargo on Russian crude oil and tanker insurance, would lead to the inevitable shut down of Russian Continue Reading
Russia’s Rosneft (ROSN.MM) is holding back on signing new crude oil deals with two Indian state refiners, three sources with knowledge of the matter said, as it has committed sales Continue Reading
EIA: Russia’s oil output could fall 18 percent by the end of next year. The EIA forecasts that Russian oil output will decline from 11.3 million bpd in the first Continue Reading
Supplies of grain from Ukraine have taken a major hit due to Russia’s blockade of the country’s ports. The UN has accused Russia of weaponizing food, warning that its actions Continue Reading
The EU has just taken another drastic step to curb Russian oil revenues. Joining the UK, the EU has placed a ban on insuring and financing the marine transportation of Continue Reading
Russia hiking Kozmino oil supplies by 150,000 bpd – sources ESPO Blend exports from Kozmino to reach record in July-sources Kozmino port can potentially increase loadings to 1.1 mln bpd Continue Reading
The United States is involved in “extremely active” discussions with European countries aimed at limiting the revenues Russia can generate by selling oil, U.S. Treasury Secretary Janet Yellen said on Continue Reading
