India’s government is asking domestic refiners to provide timely and accurate data on a weekly basis of imports of Russian and U.S. crude, as New Delhi plans to show the data to the U.S. Administration as it seeks a trade deal, sources with knowledge of the efforts told Reuters on …
Read More »China Receives 22 Shipments of LNG from Sanctioned Russian Projects in 2025
China received 22 shipments of liquefied natural gas (LNG) last year from two export projects in Russia sanctioned by the United States and European Union, shiptracking data showed. One shipment was from Portovaya and the rest were from the Arctic LNG 2 project, showed data from Kpler and LSEG. The …
Read More »Russia’s Pipeline Gas Sales to Europe Plunge to 50-Year Low
Russia’s pipeline gas exports to Europe collapsed by 44% in 2025, falling to their lowest level since the mid-1970s, according to Reuters calculations. The drop marks the clearest statistical endpoint yet for what was once Moscow’s most lucrative and politically potent energy relationship. The decline was driven primarily by the …
Read More »Oil Prices Tumble with Russia-Ukraine Deal in Sight
Oil prices settled more than 2% lower on Saturday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump. Brent crude futures settled down $1.60 or …
Read More »Russian LNG Exports to China Break Record
Russian liquefied natural gas exports to China broke a record set earlier this year, overtaking Australian shipments in November, according to customs data cited by Bloomberg. The data showed that Russian LNG flows to China in November rose more than twofold from a year earlier to reach 1.6 million tons, …
Read More »Russia Faces Sharp Drop in Oil Tax Revenue at Start of 2026
Russia is heading into 2026 with a familiar problem wearing a sharper edge: the oil revenues that bankroll its budget — and its war — are shrinking fast. According to Reuters calculations released Friday, Russia’s tax proceeds from crude oil production in January could fall to about 380 billion roubles …
Read More »Ukraine Hits Russian Shadow Tanker in Mediterranean for First Time
Ukraine has hit an empty oil tanker of Russia’s shadow fleet in the Mediterranean in the first such drone attack in this sea in another escalation of the Ukrainian strikes on Russian vessels. The Qendil tanker, flying the flag of Oman, was targeted and hit by drones, Ukraine said on …
Read More »Russia’s Crude Price Slips to Lowest since Ukraine Invasion
The price of Russia’s crude has tumbled over the past three months to its lowest level since Russia invaded Ukraine in early 2022, weighed down by intensified U.S. sanctions and falling international benchmarks. Russian crude shipped out of all major export terminals on the Black Sea, Baltic Sea, and Far …
Read More »Arctic Ice Halts LNG Ship at Novatek’s Sanctioned Arctic Project
Advancing ice has prevented an LNG carrier from loading a cargo at Novatek’s Arctic LNG 2 plant, Bloomberg reported today, citing ship-tracking data. The Buran, an Arc4 ice-class vessel that can move through icy waters, but up to a point, set off for the Arctic LNG 2 project on the …
Read More »Russia-China Gas Pipeline could Take 10 Years to Build
The construction of the second Power of Siberia gas pipeline from Russia to Northern China could take up to 10 years because it involves “tremendous work, jobs and negotiations,” the president of the research division of China’s state energy giant CNPC said this week. Lu Ruquan, president of the CNPC …
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