Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday. Two Continue Reading
Underlining Russia’s widening isolation on the world stage, Prime Minister Narendra Modi of India told President Vladimir V. Putin on Friday that it is no time for war — even Continue Reading
Saudi Arabia emerged as the second-biggest oil supplier to India after a three-month gap, overtaking Russia by a thin margin, while Iraq retained the top spot in August, data from Continue Reading
Ongoing coronavirus lockdowns impacting Chinese demand China also diversifying crude imports from other suppliers Further expanding energy cooperation is set to be high up the agenda when Russian President Vladimir Continue Reading
IEA: EU ban on Russian seaborne crude may take 2.4 million bpd off the market. IEA: Total Russian oil production will decline to 9.5 million bpd. European countries are importing Continue Reading
Russia and China are making moves to dethrone the U.S. dollar in global oil markets. Russian and Chinese hydrocarbon giants, Gazprom and China National Petroleum Corporation, have agreed to switched Continue Reading
Russia’s oil-export revenue contracted to $17.7 billion in August, the lowest since at least March, as a decline in crude prices more than offset higher supplies abroad, according to the Continue Reading
Public Policy This is part two of a condensed and lightly edited transcript of an interview with Soviet and Russian energy specialist Thane Gustafson. In part one, he described the Continue Reading
The Kremlin said on Tuesday there was no discussion of a nationwide mobilization to bolster the country’s military campaign in Ukraine, days after a surprise Ukrainian offensive drove Russia out Continue Reading
China and India hold the key to the success, or failure, of a price cap on Russian oil proposed by the G7. Asia’s largest oil consumers are expected to buy Continue Reading
