Tag Archives: Russia

Oil rallied to a three-week high and clinched a second straight weekly gain after Russia warned it may cut output by as much as 700,000 barrels a day in response to sanctions on the nation’s crude. With trading volumes dwindling heading into the Christmas holiday, Russia’s threat outweighed the impacts …

Russian President Vladimir Putin on Wednesday has inaugurated the Kovykta natural gas field in eastern Siberia, located strategically to allow Russia to increase gas exports to China amid growing tensions between Moscow and the West. The inauguration is the culmination of efforts that began about a decade ago to develop …

Europe’s biggest economy, Germany, has seen the share of Russian gas in its gas mix drop to some 20% this year from 55% last year, per data from energy lobby group BDEW cited by Bloomberg on Tuesday. Russia started gradually cutting gas supply via the Nord Stream pipeline to Germany …

Russia’s Transneft has received requests for oil for 2023 from Poland and Germany, the state oil pipeline monopoly’s head told Rossiya-24 TV station, according to TASS news agency. The EU has pledged to stop buying Russian oil via maritime routes from December 5, with Western nations also imposing price caps …

Europe’s move to cap natural gas prices threatens to curb supply to the region and intensify its energy crisis. European nations this week reached a deal to put a ceiling on gas prices, ending months of political wrangling over whether to intervene in its energy sector. But while the mechanism …

Russia is still considering its response to the $60 price cap on its crude oil, but it is close to completing the work on the countermeasures, Kremlin spokesman Dmitry Peskov said on Monday. The EU banned from December 5 maritime transportation services from shipping Russia’s crude oil to third countries …

India is taking most of Russia’s Urals crude oil loading in December as it remains top buyer for a second month in a row, according to traders and Refinitiv data. Volumes and India’s share of the exports are expected to rise month on month despite a shorter loading plan for …

Ukrainian Prime Minister Denys Shmyhal said an agreement on moving heavy weapons from Ukraine’s Zaporizhzhya nuclear power plant is still being worked out but said a decision had been made to send IAEA teams to all Ukrainian nuclear power plants. There are no specifics yet, Shmyhal said on December 13 …

Lower oil prices and steeper discounts for Russian oil sent Russia’s oil revenues down in November despite the highest export volumes since April this year, the International Energy Agency (IEA) said on Wednesday. Last month, total oil exports out of Russia rose by 270,000 barrels per day (bpd) from October …

The energy ministers of the 27 European Union member states are holding an emergency meeting in Brussels on Tuesday to try to reach an agreement over capping the price of natural gas to shield customers and businesses from spikes in prices. Early on Tuesday before the meeting, the EU was …