Tag Archives: Russia

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified at the weekend, though concern about fuel demand in China, the world’s second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 29c, or 0.4%, to $71.33 a barrel by 5.02am …

Russia is eyeing yet another pipeline to China, this time via Kazakhstan, capable of delivering up to 35 bcm of natural gas annually. Announced by Deputy Prime Minister Alexander Novak, the plan comes as Moscow pivots hard toward Beijing, already shipping 40 bcm of gas to the Asian giant this …

Exports of Russian refined oil products by sea fell by 7% in October compared to September, due to an increase in idled refining capacity because of maintenance, Reuters estimates based on data from industry sources showed on Wednesday. Russia’s oil product shipments dropped to 8.861 million metric tons last month, …

Russia may be considering the creation of a massive state oil company by combining current state assets Rosneft and Gazprom Neft, and private Lukoil, the Wall Street Journal reported, citing unnamed sources. According to the report, the mechanism discussed is for Rosneft to absorb the two smaller companies, which would …

European Commission President Ursula von der Leyen said Friday that the European Union may consider replacing Russian liquefied natural gas (LNG) imports with supplies from the United States. “We still get a lot of LNG from Russia and why not replace it by American LNG, which is cheaper for us …

Russia is pressing ahead with a whole new form of gas transport, unveiling designs for nuclear-powered submarines to ferry LNG from the Arctic to Asia. The Kurchatov Institute, Russia’s leading research and development institution in the field of nuclear energy, is working with energy giant Gazprom to build the underwater …

Russia’s Novatek recently halted operations at its Arctic LNG 2 project, and it has no plans to restart it this winter, according to an anonymous Reuters source familiar with the matter. The development is a significant setback for the country’s gas ambitions. This project, primarily located on the Gydan Peninsula …

Russian crude oil exports by sea continue to rise as heavy domestic refinery maintenance leaves more crude available for export. Russia exported on average 3.47 million barrels per day (bpd) of crude in the four weeks to October 20, up by 140,000 bpd compared to the four-week average to October …

Russia’s role in the European Union’s liquefied natural gas market is growing, even as the bloc weighs how to clamp down on supplies from the nation. Moscow’s share of the EU’s LNG imports climbed to 20% in the first half of the year, compared with 14% a year earlier, according …

The UK on Thursday imposed the largest round of sanctions to date against Russia’s shadow fleet, designating additional 18 oil tankers and four LNG tankers as it seeks to cut critical revenues for Vladimir Putin. In June, the previous UK government explicitly targeted vessels identified as belonging to the shadow …