The Zaporizhzhia nuclear power plant in Ukraine, which has been under Russian control since early 2022, could resume operations within a year and a half after a potential end to the war, the head of the plant’s Russian operating company said on Monday. “If this (the end of the conflict) …
Read More »Oil Prices Tumble with Russia-Ukraine Deal in Sight
Oil prices settled more than 2% lower on Saturday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of talks this weekend between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump. Brent crude futures settled down $1.60 or …
Read More »Ukraine Hits Russian Shadow Tanker in Mediterranean for First Time
Ukraine has hit an empty oil tanker of Russia’s shadow fleet in the Mediterranean in the first such drone attack in this sea in another escalation of the Ukrainian strikes on Russian vessels. The Qendil tanker, flying the flag of Oman, was targeted and hit by drones, Ukraine said on …
Read More »Russia’s Crude Price Slips to Lowest since Ukraine Invasion
The price of Russia’s crude has tumbled over the past three months to its lowest level since Russia invaded Ukraine in early 2022, weighed down by intensified U.S. sanctions and falling international benchmarks. Russian crude shipped out of all major export terminals on the Black Sea, Baltic Sea, and Far …
Read More »Kazakhstan Condemns Attack on Caspian Oil Pipeline in Russia’s City of Novorossiysk
Kazakhstan’s Energy Ministry condemned an attack on the Caspian Pipeline Consortium (CPC) on Saturday, following Russian assertions that Ukraine was responsible. In a statement, the ministry declared that attacks on international energy infrastructure cause “substantial harm to the economic interests of consortium participants.” It further stressed that such “actions against …
Read More »Oil Prices Decline to $62.42 as Oversupply and Ongoing Ukraine Negotiations Weigh on Market Stability
Oil prices saw a modest decline on Tuesday amid persistent concerns about oversupply and heightened market caution as investors closely monitored ongoing peace talks between Russia and Ukraine. Brent crude oil traded at $62.42 per barrel, showing a 0.49 percent dip from recent levels, pressured primarily by a growing glut …
Read More »Ukraine to Get U.S. LNG from Greece to Secure Winter Gas Supply
Ukraine this weekend signed agreements to receive natural gas from U.S. LNG cargoes arriving in Greece as it aims to secure gas supply for the winter amid intensified Russian attacks on Ukrainian energy infrastructure. During a visit of Ukrainian President Volodymyr Zelenskyy in Athens, Ukraine’s national oil and gas firm …
Read More »Ukraine Looks to Boost Gas Imports by 30% after Russian Attacks
Ukraine has discussed with G7 countries additional natural gas imports as it seeks to boost imports by 30% to offset the damage from Russian strikes on its gas infrastructure, Ukrainian Energy Minister Svitlana Grynchuk said on Tuesday. In recent weeks, Russian strikes have caused “significant” damage to the gas production …
Read More »Ukraine to Cut Imports of Indian Diesel over Russian Oil Links
Ukraine is restricting imports of diesel from India due to India’s continued purchases of Russian crude, which holds about a third of total Indian oil imports. Effective October 1, Ukraine will restrict imports of Indian diesel and will check samples of the diesel in laboratories to detect the presence of …
Read More »Could NATO-Style Security Guarantees Help Bring about Peace in Ukraine?
Security guarantees for Kyiv are a key issue at the heart of efforts to bring an end to fighting amid Russia’s ongoing invasion of Ukraine, and now White House special envoy Steve Witkoff has put the term “Article 5-like” center stage. Witkoff told CNN on August 17 that it was …
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