Tag Archives: Russia

Russia’s Gazprom on Thursday said no turbines used on the Nord Stream 1 gas pipeline were undergoing maintenance in Canada, a day after a Canadian minister was quoted as saying five turbines were there. Canada’s foreign affairs minister Melanie Joly in a report was quoted by broadcaster CBC News as …

Russia has approached several Asian countries to discuss possible long-term oil contracts at steep discounts, as U.S. officials continue to push a plan that would cap the price of the country’s oil, according to a Western official. The tentative conversations to offer some Asian buyers discounts of up to 30% …

Europe faces fresh disruption to energy supplies due to damage to a pipeline system bringing oil from Kazakhstan through Russia that was reported by the pipeline operator on Monday, adding to concerns over a plunge in gas supplies. CPC, which handles about 1% of global oil and whose largest shareholder …

Oil prices declined on Monday over the double whammy of increasing demand woes and the rising dollar value, discouraging investors in the market trading in more expensive US dollar-indexed oil. International benchmark Brent crude traded at $95.12 per barrel at 10.08 a.m. local time (0708 GMT) for a 1.65% decrease …

Turkey doubled its imports of Russian oil this year, Refinitiv Eikon data showed on Monday, as the two countries are set for broader cooperation in business and especially energy trade in the face of western sanctions against Moscow. Trade between Turkey and Russia has been booming since spring as Turkish …

Asian liquefied natural gas prices extended gains as concern mounts that Russia’s announcement of maintenance on a key pipeline to Europe will further tighten global supplies. Producers offered LNG spot cargoes for winter above $60 per million British thermal units on Monday, traders said. The Japan-Korea Marker spot benchmark slipped …

A key Russian natural gas pipeline will shut down for three days of maintenance at the end of this month, the state-owned energy company Gazprom announced, raising economic pressure on Germany and other European countries that depend on the fuel to power industry, generate electricity and heat homes. The latest …

Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival suppliers such as Angola and Brazil. Imports of Russian oil, including supplies pumped via the East Siberia …

Russia’s natural gas production plunged by 18 percent in June compared to May, new data from the Joint Organisations Data Initiative (JODI) showed on Wednesday, cited by the International Energy Forum. Russia’s natural gas output in June was 30 percent below the March level, just after the Russian invasion of …

Natural gas in Europe rose again, extending a rally as a scorching summer boosts demand while supplies from Russia remain limited. Benchmark futures jumped as much as 4.7%, reversing earlier declines. Energy market concerns are deepening as the hot and dry weather boosts gas consumption for cooling. It’s also drying …