Tag Archives: Russia

Russia became the biggest supplier of natural gas to Europe last month, for the first time since 2022, replacing the United States at the top spot. “It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, …

The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC (FLOT.MM) in a move to limit the Kremlin’s ability to finance its war against Ukraine, Bloomberg News reported this week, citing a document seen by it. The move would follow similar punitive measures imposed on the leading Russian …

Russia will reach its oil production quota in June after exceeding its target output under the OPEC+ deal in May, the Russian Energy Ministry said on Thursday. Russia slightly exceeded its OPEC+ quota in May, based on data from independent sources monitoring the agreement, the ministry said, adding that “the …

The European Union is proposing to sanction Russia’s oil-shipping giant Sovcomflot PJSC in a move to limit the Kremlin’s ability to finance its war against Ukraine, according to a document seen by Bloomberg. State-owned Sovcomflot, the largest shipping company in Russia, has been one of the key companies helping to …

When the EU bombarded Russia with sanctions following the invasion of Ukraine back in 2022, gas was in the spotlight. Russia was the continent’s biggest supplier, and it was about to stop being that. At the time, the dominant mood in Europe was confidence—that even if Russia were to turn …

Russia’s budget revenues from oil and gas soared by 73.5% in January-May of 2024 compared to the first five months of 2023, according to data from Russia’s finance ministry released on Monday. Between January and May 2024, the revenues for the Russian federal budget from oil and gas hit $55.7 …

Western media reported that Russia pummeled Ukraine’s energy infrastructure with a large-scale drone and missile attack on Saturday, injuring at least 19 people. The Ukrainian military claimed that it had downed 35 out of the 53 missiles launched at targets across the country overnight on 1 June as well as …

Russia’s Rosneft, the largest crude oil producer in the country, reported a 92.8% quarterly increase in its net profit for the first quarter of the year. Rosneft also said its average daily production had stood at 5.43 million barrels of oil equivalent daily during the reporting period, of which 3.85 …

An oil products export terminal at Russia’s biggest port on the Black Sea, Novorossiysk, has resumed loadings of tankers for exports following a Ukrainian drone attack at the facility last week, Reuters reported on Monday, citing data from LSEG and industry sources. The terminal, Importpischeprom, suspended operations on Friday following …

Russia became China’s top oil supplier in April for the 12th month, with volumes rising 30 per cent from a year earlier, official data showed, as refiners continued to cash in discounted shipments, while supplies from Saudi Arabia fell a quarter on higher prices. China’s crude oil imports from Russia, …