Tag Archives: Russia

Nigeria may lose its largest crude oil buyers, China and India, as both countries plan to negotiate Russian oil at discount prices. India is said to be asking Russia for below $70 per barrel discount price. The duo’s move comes as Europe considers banning Russian oil due to the country’s …

Russia plans to put the Nord Stream 2 gas pipeline to domestic use after the fuel exports to Germany and Europe that were envisaged in its decade-long construction were called off because of the war in Ukraine. The Baltic Sea pipeline was completed last year but had not yet entered …

The European Union has proposed a revision to its Russia oil sanctions ban that would give Hungary and Slovakia an extra year, until the end of 2024, to comply, according to people familiar with the matter. The Czech Republic would also be granted an exemption until June 2024, the people …

The Russian invasion of Ukraine has put the European energy and climate policies through their most difficult test so far. The spike in energy prices aggravated by the slow pace of energy transition in Europe and the excessive reliance on Russian fossil fuel imports have demonstrated the need for a …

The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions over the war in Ukraine. European Commission President Ursula von der Leyen, addressing the European Parliament in …

The European Union’s proposed phased embargo of Russian oil, as part of a new round of sanctions against Moscow for its invasion of Ukraine, means Russia will inevitably look to Asia, one analyst said on Wednesday. The EU proposed its toughest sanctions yet against Russia on Wednesday, including a phased …

A refinery owned by French supermajor TotalEnergies in Germany is expected to continue importing Russian crude oil via pipeline at least through the end of this month, sources familiar with the matter told Reuters on Tuesday. The 240,000-barrels-per-day refinery Leuna in eastern Germany is one of two facilities in Germany …

The European Union’s top diplomat said Brussels will impose new sanctions on Russia for waging war against Ukraine, targeting Moscow’s oil industry, banks, and those responsible for disinformation. “We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation actors, and tackle oil imports,” …

Russian President Vladimir Putin has threatened to terminate exports and deals with the West and add certain individuals and entities to the Kremlin’s sanctions list in retaliation for sanctions imposed by the United States and the European Union. Russian President Vladimir Putin introduced a package of economic measures on Tuesday …

About 30% of planned U.S. LNG export capacity has been booked since war disrupted European energy supplies, a dramatic reversal of fortune for as many as 10 new projects, some of them long stalled. Among the latest deals are French utility Engie SA locking in nearly 2 million tons of …