Tag Archives: Russia

Russia’s main crude grade is still selling well below international benchmarks — and a Group of Seven-imposed price cap — but a huge amount of money for delivering it continues to go into the hands of mystery middlemen. The country’s flagship Urals grade averaged about $52 a barrel so far …

Gazprom is ready to help African countries to produce natural gas, representatives of the Russian gas giant said at a meeting with officials from African countries in Johannesburg this week. “I believe that Gazprom’s experience implementing liquefied natural gas and gas pipeline construction projects could be of interest to South …

Pipeline gas supplies from Russia via Ukraine to Europe may come to an end next year when the transit contract between Moscow and Kyiv expires, the Ukrainian energy minister has told the FT. According to German Galushchenko, the chances of the two sides negotiating a new contract are slim to …

Russia could shut off one of the last arteries carrying Russian gas to Europe by the end of next year when Ukraine’s supply contract with Gazprom expires, the Financial Times said on Thursday, citing an interview with Ukraine energy minister German Galushchenko. The chances of Kyiv and Moscow agreeing to …

Japanese trading house Mitsui & Co has no plans to withdraw from the Sakhalin-2 liquefied natural gas (LNG) project in Russia, a senior executive said on Wednesday, adding the operation was continuing super-chilled fuel exports to Japan. “We have decided last year to keep our stake in the Sakhalin-2 after …

Russia’s crude oil exports by sea fell slightly in the four weeks to June 18, but were still 250,000 barrels per day (bpd) higher compared to February, which serves as a baseline for the 500,000-bpd production cut Russia has promised this year. In the four weeks to June 18, Russia’s …

Chinese imports of Russian oil last month hit their highest level since Moscow’s February 2022 invasion of Ukraine, customs data showed Tuesday, as Beijing offers an economic lifeline to an increasingly isolated Kremlin. China is Russia’s largest economic partner, with trade between them reaching a record $190 billion last year. …

Russian refineries processed 5.49 million b/d of crude in the week spanning June 8-14, a 2-month high, Bloomberg has reported. That’s close to 200,000 barrels a day more than the previous week’s clip as serious questions continue being asked about the country’s commitment to production cuts agreed on by OPEC+. …

Russia may account for almost a third of India’s oil imports by the end of the current financial year, Arun Kumar Singh, the head of India’s Oil and Natural Gas Corp Ltd, was cited as saying on Saturday by Russian news agency Interfax. “The share of Russian oil imports, which …

Russia will continue developing relations with Arab states and Persian Gulf states in particular, including in energy area, Kremlin Spokesman Dmitry Peskov said in an interview for RT. “Russia will continue its cooperation with many states of the Arab world – first and foremost, Persian Gulf states – in the …