As the price of Russia’s flagship crude fell below the $60 per barrel price cap and international benchmarks slumped, India expects to increase its purchases of Russian oil, an anonymous senior government official in India told Reuters on Friday. The price of Russia’s flagship crude, Urals, has dropped below the …
Read More »G7 to Ban Russian Diamonds, Announce Measures on Price Cap, Assets-Sources
G7 leaders are expected to announce on Wednesday a ban on Russian diamonds and measures to manage some 300 billion euros ($323.58 billion) in immobilised Russian central bank assets and the G7 oil price cap, sources familiar with the matter said. G7 leaders are having a virtual meeting later on …
Read More »Sanctioned Tankers could Undermine India’s Push to Buy Cheap Russian Oil
India is still considering whether to allow a now-sanctioned tanker carrying Russian oil to approach and dock at one of its ports—a sign that the U.S. clampdown on Russian crude trade could limit India’s ability to buy and import cheaper oil. The NS Century tanker is owned by Russia’s state-owned …
Read More »Europe is Guzzling Diesel from India, a Key Buyer of Russian Oil
Europe banned most oil shipments from Russia almost a year ago, but it’s binging on diesel that may well have been made from Russian crude. The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, …
Read More »Gazprom Plans $17.6B of Investments in 2024
Russia’s Gazprom PJSC plans to invest $17.6 billion (RUB 1,573.627 billion) in projects next year. The company’s management committee reviewed the preliminary operating results for 2023 and the projected investment program and budget for 2025-2026, the company said in a media release. The committee endorsed the drafts of the investment …
Read More »Russia Set New Record for Daily Gas Deliveries to China
Russia set a new record for daily gas deliveries to China via the Power of Siberia gas pipeline, the press service of the energy corporation Gazprom said on Saturday. “On Nov. 23, the Chinese side’s application for the supply of Russian gas through the Power of Siberia gas pipeline again …
Read More »Russia Claims it will Continue to Adapt to Oil Sanctions
Russia is adapting to the increasingly stricter U.S. sanctions on trade with Russian oil and is acting in accordance with its own interests, Kremlin spokesman Dmitry Peskov said on Tuesday, commenting on reports that the United States was looking into punishing more vessels breaching the G7 price cap on Russia’s …
Read More »Russia and China Tighten Grip on Iraqi Oil Crescent
In line with Moscow and Beijing’s objective of keeping the West out of energy deals in Iraq to keep Baghdad closer to the new Iran-Saudi axis and to “end [the] Western hegemony in the Middle East [that] will become the decisive chapter in the West’s final demise,” Russia has struck …
Read More »Kazakhstan to Transport more Russian Oil and Gas
Kazakhstan will transport more Russian oil and gas, the country’s president, Kassym-Jomart Tokayev, told Russian daily newspaper Izvestia on Wednesday, a day before Russian President Vladimir Putin’s visit to the Central Asian nation. The Kazakh leader appeared to be warming to the idea of a “gas union” with Russia, which …
Read More »Russian Gas Continues to Flow into many EU Countries, including those which Formally Refused it – Gazprom CEO
Russian gas continues to be supplied to a large number of European countries, including the ones which formally refused it, Gazprom CEO Alexei Miller said in an interview with journalist Pavel Zarubin for the Moscow. Kremlin. Putin program on the Rossiya-1 (VGTRK) television channel. “Molecules in the main gas pipeline …
Read More »