Tag Archives: Russia

China on Wednesday defied the US move to ban imports of oil and other energy products from Russia, reiterating its opposition to “unilateral sanctions.” “China and Russia have always maintained sound energy cooperation relations and the two will continue to carry out normal trade cooperation including oil and gas in …

The US government has imposed a ban on crude oil imports from Russia in the light of its invasion of Ukraine. After a close consultation with allies and partners around the world, US President Joe Biden ordered import ban on Russian crude oil and certain petroleum products, LNG, and coal …

Asia’s liquefied natural gas (LNG) demand growth may cool this year as buyers baulk at record-high spot prices pushed even higher by Europe’s shift to the super-chilled fuel amid the Ukraine crisis, analysts and industry sources said. High spot prices since late last year have already slowed trade and are …

Global share markets fell on Tuesday as oil prices climbed yet further, driven by the United States banning Russian oil and other energy imports over Moscow’s invasion of Ukraine. U.S. President Joe Biden made the announcement on Tuesday, while Britain said it would phase out imports of Russian oil and …

Energy giant Shell says it will stop buying Russian oil and natural gas as well as shut down its service stations and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. Shell says in a statement Tuesday that it would withdraw …

Russia has threatened to close a major gas pipeline to Germany and warned of $300 oil prices if the West goes ahead with a ban on its energy exports. “It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market,” Russian Deputy …

Danish turbine manufacturer Vestas plans to stop four Russian wind projects in response to the country’s invasion of Ukraine, Danish newspaper Ekstra-Bladet reported citing company spokesperson. The four projects that are currently in the development phase include Novoalekseevskaya, Grazhdanskaya, Ivanovskaya, and Pokrovskaya. They have a combined capacity of 253MW, according …

European gas futures jumped as much as 32% after Russia threatened to cut natural gas supplies to Europe via the existing Nord Stream pipeline. In a further deterioration relations between Moscow and the European Union, Russia threatened to halt gas flowing along the pipeline to Germany. The warning is part …

European natural gas soared to a fresh record as the U.S. said it was considering curbs on imports of Russian oil, a move that would add to supply fears across all energy markets. Dutch front-month gas, the European benchmark, jumped as much as 17% to an unprecedented 225 euros a …

The US is seeking to ease oil sanctions on Venezuela as part of a broader US strategy to temper oil prices that have skyrocketed due to Russia’s operation in Ukraine, according to people familiar with the matter. US and Venezuelan officials discussed the possibility of easing oil sanctions on Venezuela …