Tag Archives: Russia

Germany could end Russian oil imports this year, Chancellor Olaf Scholz said on Friday, signaling the urgency driving Europe’s biggest economy to wean itself off energy from Russia. “We are actively working to get independent from the import of (Russian) oil and we think that we will be able to …

Ukraine’s gas grid warned that flows through Europe could be affected as Russia and illegal armed forces are disrupting operations at a key compressor station. Occupiers are interfering with operations at the Novopskov gas compressor station in the in Luhansk region, Gas TSO of Ukraine said in a statement. The …

At least two Indian refiners plan to buy less Saudi oil than usual in May, after the kingdom raised the official selling price (OSP) to record highs for Asia, two sources said on Wednesday, as India increases purchases of cheap Russian crude. India, the world’s third biggest oil importer and …

Hungary said on Wednesday, April 6, it was prepared to pay roubles for Russian gas, breaking ranks with the European Union which has sought a united front in opposing Moscow’s demand for payment in the currency. Hungary will pay for shipments in roubles if Russia asks it to, Prime Minister …

Russia’s invasion of Ukraine has given a new boost to long-running efforts of Eastern Mediterranean states to tap into regional gas reserves amid concerns over energy security in Europe, experts have said. On Tuesday, Israeli Foreign Minister Yair Lapid travelled to Athens to meet with his Greek and Cypriot counterparts, …

Over the past week, the world saw three major developments in the oil industry directly linked to the interests of three powers. Each wanted to push their own agenda and which is heralding successive changes in global relations and alliances. The developments came in the form of a three-act play …

European Union countries are wrangling over how to rapidly fill their gas storage ahead of next winter and share the burden of quickly buying large stocks at current sky-high prices. Europe is facing a race to build a buffer of stored gas ahead of winter, to help cope with potential …

Oil futures extended gains on Tuesday as the United States and Europe planned new sanctions to punish Moscow over alleged war crimes by Russian troops in Ukraine, adding to concerns about supply disruptions, while Iran nuclear talks stalled. Brent crude futures rose $1.20, or 1.1per cent, to $108.73 a barrel, …

Natural gas prices in Europe rose as supply fears intensified amid a push for further sanctions against Russia. Benchmark futures rose as much as 7%. Some European Union members are pushing for the bloc to quickly impose new penalties against Russia after reports of atrocities near Kyiv. German Chancellor Olaf …

Slovakia is willing to pay for Russian gas in rubles to keep its gas supply, the country’s Economy Minister Richard Sulik said on national television on Sunday. “If there is a condition to pay in rubles, then we will pay in rubles,” Sulik said, adding that the EU member state …