Tag Archives: Russia

Gazprom could reportedly seek to change the terms of its delivery contracts if countries implemented a price cap on Russian gas. That follows reports which claimed that G7 leaders will start exploring the options around imposing possible price caps on Russian oil and gas imports. It is expected that the …

Oil tankers owned by Russia’s state-backed fleet operator Sovcomflot are still delivering to ports in Europe, according to OCCRP, a global network of investigative journalists. The company disguised its ownership of the vessels by basing subsidiaries in Cyprus and the United Arab Emirates. Once the sanctions came into full effect, …

European natural gas prices fluctuated, with traders weighing the return of flows via Turkey against the risk of a further deterioration in supplies to the continent. Gas shipments via the TurkStream pipeline resumed after maintenance ended on Monday, Russia’s Gazprom said on Telegram. The link, which has an annual transport …

Russia’s reckless and bloody invasion of Ukraine in February set in motion a cascade of events for which it was ill-prepared. Europe began the process of divorcing itself from Russian fossil fuels, the U.S. coordinated sweeping export controls on key inputs such as semiconductors with Asian partners, and the Russian …

Oil prices were rising on Tuesday sparked by renewed supply fears as the G7 group of nations discussed a price cap on Russian crude imports. The front-month contract for Brent crude North Sea oil was last seen up USD 1.27 at USD 116.36/bbl, while the WTI equivalent was USD 1.07 …

Germany is in crisis in the immediate aftermath of Russia’s energy giant, Gazprom, effecting a 60 per cent reduction in the amount of natural gas it supplies to the country. This appears to be the latest move by the Kremlin to punish Europe for sanctions and military support for Ukraine. …

European Union governments are confronting the risk of a splintering energy market as Russian cuts in natural-gas supplies test EU unity in response to the war on Ukraine. An increase in gas supply disruptions following EU sanctions on Russia is prompting member countries to step up winter preparations as they …

Moscow has never made nuclear threats, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Friday following the first Conference of States Parties to the Treaty on the Prohibition of Nuclear Weapons. “Statements about mutual threats of using nuclear weapons, which we heard before the conference, are perplexing, as well as …

European Union leaders on Friday, June 24, warned that “cheap energy is gone” and agreed to boost preparations for further cuts in Russian gas, accusing Moscow of “weaponizing” energy via a supply squeeze which Germany warned could partly shut its industry. A day after celebrations over setting Kyiv on the …

Almost four months after Russia’s invasion of Ukraine, Russian crude oil, Urals, has seen a switch in flow from its traditional market of Europe to Asia. Since the start of the war, based on the average of March to May 2022, Indian imports of Urals crude have picked up by …