Tag Archives: Russia

Russian crude oil supplies increased 50% this spring despite the G7 countries imposing sanctions due to war in Ukraine, the Financial Times reported on Sunday (24 September) citing data from analytics company Kpler. The European Union, G7 countries and Australia introduced a price cap of $60 a barrel on Russian …

A German company that was previously nationalized due to its ties to Russia has resumed trading liquefied natural gas (LNG) with Russia. According to Ukrinform, Bloomberg reported this. “The German government is facing criticism over its energy ties as a taxpayer-backed company re-enters the liquefied natural gas trade with Russia,” …

Russia has made a downward revision to its forecast for natural gas exports for 2024-2026, data from Russia’s economy ministry showed on Friday. According to the Economy Ministry, Russia is now forecasting that its natural gas exports to countries outside the ex-Soviet Union will be $434.6 per 1,000 cubic meters …

Russia is again reviving the possibility that it could ban all crude oil product exports in order to stabilize volatile fuel prices in the country, Russia’s TASS new agency said . Alternatively, Russia could increase its oil product exports duty to $250 per tonne. This duty will be refunded for …

Czechia has dramatically increased its reliance on Russian oil, with imports via the Druzhba pipeline reaching 65% this year, up from 56% in the previous year, Barbora Putzová, the spokesperson for the state-owned firm Mero, told the Czech News Agency. Even with the EU’s significant sanctions on Russia, Czechia recorded …

Trade at Russia’s three largest ports has been surging and is approaching prewar levels despite sweeping sanctions by the Group of Seven (G7) leading economies, according to a new report. “Activity in Russia’s ports is surprisingly high. For the first time since the outbreak of the Ukraine war, the volume …

Russia is still expecting its oil export revenues to continue to increase through the next three years—even in the face of Western price caps and embargos, according to a government created forecast that was submitted to Prime Minister Mikhail Mishustin and seen by Bloomberg. The forecast, which covers the years …

Lukoil PJSC’s trading unit Litasco SA is launching a Mexico operation as the oil giant seeks new markets for Russian products under widespread sanction. Litasco hired oil products trader Yuri Carreno for its new office in Mexico City, according to people with knowledge of the situation. Carreno, who previously spent …

Saudi Arabia and Russia moved with determination to support oil prices, extending their respective ongoing production and export cuts through the end of the year. In an initial response to Tuesday’s news, oil prices jumped and hit the highest level so far this year, with Brent Crude prices exceeding the …

India’s import of cheap Russian oil plunged to lowest in seven months in August as monsoon rains dampened demand, industry data showed. The world’s third largest oil consumer reduced imports from Russia for a third consecutive month in August. It took 1.46 million barrels a day from Russia in August, …