Tag Archives: Russia

Greek shipping tycoons and their tanker companies are moving large volumes of Russian oil and are making a lot of money off these trades, which are mostly shunned by other Western ship owners after the West moved to sanction Russia’s crude. Tankers owned by EU member Greece, one of the …

Gas production in Russia decreased by 10% to 180 billion cubic meters this year mostly from Gazprom’s declining capacities, the Kommersant business daily reported Wednesday, citing an unnamed source familiar with the data. State-owned gas giant Gazprom has classified its production statistics since the start of 2023. Kommersant’s source said …

A new report by the Center for Research on Energy and Clean Air (CREA) has found that European countries that banned Russian oil imports are instead importing huge amounts of oil commodities from India, China, United Arab Emirates, Singapore and Turkey, therefore qualifying them as laundromats. The report, titled Laundromat: …

Dividends worth $300 million to $400 million to Indian oil companies for their stakes in Russian oil assets are stuck due to sanctions by the US and the west after Kremlin’s invasion of Ukraine, said a person aware of the matter. The dividends are due since last year. Talks are …

President Vladimir Putin has backtracked on an earlier move that banned Russian companies from exporting crude oil in compliance with the G7 price cap of $60 per barrel. In a decree issued at the end of December, Putin prohibited Russian producers from exporting crude oil and refined products on terms …

Saudi Arabia and the United Arab Emirates have increased purchases of Russian oil products, Russia’s trade representatives to these countries said at the National Oil and Gas Forum. Russia significantly increased exports of oil products, primarily diesel and fuel oil, to Saudi Arabia in 2022, the trade representative to the …

Record imports of cheap Russian crude into India have undermined OPEC’s share of supply to the world’s third-biggest crude importer so much that OPEC’s share of all Indian oil imports has hit the lowest in at least 22 years, according to a Reuters analysis of data from industry sources. As …

The European market is fairly balanced, with prices and renewable energy generation fairly stable. The only downside is the low level of gas injection into underground storage facilities, but the season for this has only just begun. UKRAINIAN TRANSIT Gas Transport System Operator of Ukraine, or GTSOU, has accepted a …

The first quarter of 2023 saw Kazakhstan ramp up oil exports bypassing Russia as the Central Asian country seeks to reduce its dependency on Moscow, data from industry sources and Refinitiv cited by Reuters showed. While Kazakh oil exports through the Caspian Sea and the Caucasus are relatively small, they …

India and China have snapped up the vast majority of Russian oil so far in April at prices above the Western price cap of $60 per barrel, according to traders and Reuters calculations. That means the Kremlin is enjoying stronger revenues despite the West’s attempts to curb funds for Russia’s …