Russian oil and gas giants on the LSE have seen their stock prices implode following the Russian invasion of Ukraine. Shares in Rosneft, Gazprom, Lukoil, and Surgutneftegas collapsed on the Continue Reading
Italy has halted its share of the financing for the Arctic LNG 2 project, as Western companies and countries continue to sell their stakes in Russian energy projects, even absent Continue Reading
Russia is estimated to have increased its crude oil production by 0.2 percent in February compared to January, but it is still likely more than 130,000 barrels per day (bpd) Continue Reading
The government must immediately intervene to stop two Russian tankers – containing enough liquid gas to supply the UK for up to 12 days – from docking in Kent at Continue Reading
China signalled it was ready to play a role in finding a ceasefire in Ukraine as it “deplored” the outbreak of conflict in its strongest comments yet on the war. Beijing Continue Reading
Chinese buyers of coal are having trouble securing financing to buy coal from Russia, the world’s third-largest coal exporter, as China’s banks are wary of sanctions themselves after selected Russian Continue Reading
China’s independent refineries have turned cautious of procuring Russian crudes following the escalation of the Russia-Ukraine military conflict , while difficulties faced in the issuance of letters of credit dampen Continue Reading
Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result Continue Reading
Russian oil trade was in disarray on Tuesday as producers postponed sales, importers rejected Russian ships and buyers worldwide searched elsewhere for needed crude after a raft of sanctions imposed Continue Reading
Russia’s oil and gas condensate output rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax report on Wednesday, while trading has Continue Reading
