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Tag: Oil and Gas News in Russia

Discover the latest oil and gas news in Russia right here! Stay up-to-date on all the latest news about Russian oil and gas as it happens! We cover everything from major oil companies to fracking in this vast country.

Russian Oil Revenue Has Been Effectively Affected By Sanctions, Despite Resilient...

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The International Energy Agency has noted that Russia's oil revenue has been seriously affected by price caps and sanctions imposed by Western nations,...

Banks Linked To Russia To Suffer Sanctions

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...As EU Say Russia Must Rebuild Ukraine The United States is introducing punishments for banks with ties to Russia to ensure that they do not...

OPEC+ May Not Respond To Russia’s Production Cut Plan

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OPEC+ has said that it is not willing to respond and change its oil production targets after Russia announced a cut in its output...

Sanctions: Russian Oil Price Cap Hitting Target – G7

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The G7 price cap coalition against Russia has announced authoritatively that the mechanism is still meeting the objectives over which it was put together. An...

Putin Has Lost The Energy War

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A frontline, global energy trader, Pierre Andurand, has said that Russia is losing the gas war as Europe seems to have moved past the...

India Plans To Boost LNG Gas Consumption With Long-Term Deals

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The biggest gas importer on the subcontinent, Petronet, is looking to secure some 12 million tons of liquefied natural gas annually in additional...

The Price Of Russia’s Flagship Oil Will Now Be Set By...

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As greater percent of Russia’s flagship Urals oil blend head to Asia, the continent, not Europe, will henceforth determine the price of Russia’s petroleum...

Russia Turns Its Oil Flows To Asia As New EU Sanctions...

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Russia is reported to have diverted most of its fuel oil and vacuum gasoil (VGO) exports to Asia and the Middle East even before...

EU Embargoes Russian Oil Products As New Sanctions Set In

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As the EU/US coalition made real their threat to open the second phase of their sanctions’ kit on Sunday against Russia, reports said oil...

US/EU Sanctions: When The New Gear Set In Against Russia

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EU Agree On $100 Russian Diesel Price Cap To Third Party Countries Last weekend the EU agreed to support a price cap level of $100...

3 Days To Dateline, EU Fails To Agree On Russian Oil...

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Member nations of the European Union are hoping to strike a deal on a price cap for Russian oil products this Friday, after delaying...

WoodMac Predicts That $100 Price Cap On Russia’s Oil Products Won’t...

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WoodMac has predicted that the Western-invoked price cap on Russian refined products coming into effect on February 5 won’t “severely impact” Russian refiners, contrary...

Western Sanctions Shrink Russia’s Economy By 2.7%

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America believes that the result of Western sanctions against Russia is at the corner and would be noticed shortly.  A US official said the...

Russian Oil Exports To India Heading New High In 2023

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Observers believe that crude oil exports from Russia to India could reach a new record this year if prices and other terms remain favorable. Russia...

EU Leaders Fail To Agree Over Price Cap On Russian Oil...

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Last weekend, European Union officials failed to agree about the price cap of Russian crude oil products that go into effect on February...

Russia Hopes On Its $45bn Reserve In Yuan To Weather Plunge...

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Russia has been reported to have a $45 billion stash of Chinese Yuan, capable of covering the country’s oil revenue losses in the next...

Italy Hints On Weaning Self Off Russian Gas Within 2Yrs

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Italy has said that it is working towards eliminating imports of Russian natural gas by the winter of 2024/2025. The chief executive officer energy...

Is The Price Cap On Russia Oil Working?

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...Ukraine calls for review The G7 and the EU coalition is set to soon implement another price cap on Russia oil, this time, on the...

Russia Still Top Seaborne Oil Supplier To EU Despite Sanctions

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Reports say Russia still enjoyed status as the top seaborne oil supplier to the European Union bloc despite sanctions. Meanwhile, the European Union’s seaborne imports...

Russia Resorts To More Use Of Its Tankers To Avoid EU...

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Russia has been reported to have resorted to increased use of its own oil tankers to deliver its crude oil to buyers. EU and its...