Parvin Faghfouri Azar

Russian Gas Flow to Europe on Rise despite War

Russia’s natural gas flow to Europe is on the rise despite Russian attacks on Ukraine, according to data compiled by Anadolu Agency on Wednesday. Gas exports of Russian energy giant Gazprom to the EU via Ukraine stood at 109 million cubic meters per day on Dec. 1 last year but …

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India Looks to Gulf for Oil to Replace Russian Supply

State-run Indian refiner Bharat Petroleum Corp is seeking extra oil from Middle Eastern producers for April, fearing Western sanctions against Russia could hit deliveries of Urals crude, a source familiar with the matter said. BPCL, India’s second biggest state refiner, on average buys two million barrels of Russian Urals every …

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U.S., Allies Set Oil Reserves Release as Prices Soar

The United States and other member states of the International Energy Agency (IEA) on Tuesday agreed to release 60 million barrels of oil reserves to compensate for supply disruptions following Russia’s invasion of Ukraine. Russian oil trade is in disarray after many nations imposed sanctions on Russian companies, banks and …

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