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.
Tag: Oil and Gas News in Russia
‘EU Sanctions Could Cost Russia $300mpd From Feb 5’
Russia stands the risk of losing about $300 million per day, once new European Union restrictions on Russian oil products come into force on...
Russia Denies ‘Noticing’ Price Cap On Its Crude Oil Sale
Russia has denied noticing any a price cap on its crude oil on sale. The embattled invader of Ukraine also claims not having seen...
Russia To Monitor Its Oil Discount As Plunging Revenues Blow Up...
Russia has unveiled plans to monitor international crude oil prices to limit barrel discounts. The move is aimed at combating the price cap from...
India Boosts Imports With Russia’s Arctic Oil
India is reported to be taking advantage of cheap Russian cargoes boost it import with large volumes of discounted Russian crude, while importing some...
Ahead Of Russia, Norway Emerges Germany’s Top Gas Supplier
Total German gas imports dropped by 12.3% compared to 2021, with an indication that Norway emerged Germany’s single-largest natural gas supplier in 2022, ahead...
China, India Buying Up Russia’s Arctic Oil Crude Grades
China and India have taken up positions and are now buying Russia’s crude grades from the Arctic, which used to be sold in Europe...
Oil: Putin Bans Sales To Countries Complying With G7 Oil Price...
In fulfillment of his promise to take the sanctions back to the promulgators or and supporters anytime soon, the Russian leader, President Vladmir Putin...
Russia Projects 7.5% Oil Exports Growth By 2022
Russia’s deputy prime minister, Alexander Novak has said that his country’s oil exports will grow by 7.5% to 242 million metric tons in 2022,...
Russia Looks To Cut Its Dependence On The US Dollar
...By buying up Chinese Yuan on the currency market
Putin is sure not sitting and grappling with the effect of Western sanction. Reports yesterday said...
Putin Opens Siberian Natural Gas Field To Increase Exports To China
Moscow is beginning to feel the heat of its war in Ukraine, and could be losing as much as $4 billion a month in...
Sanctions: Russia’s Oil Exports from Baltic Seaports Could Fall by 20%
It is expected that exports of Russia's flagship Urals crude blend from the Baltic Sea ports will probably fall to around 5 million tonnes...
EU Regulator Expresses Reservation Over Price Cap On Russian Oil
...Says it may backfire
Head of the European Union Agency for the Cooperation of Energy Regulators (ACER), Christian Zinglersen, has argued that, after all, the...
China’s Oil Imports From Russia Surges By $27bn Since Ukraine Invasion
As effects of the Western sanctions on Russian oil kick in and Western buyers shun or banned imports of many Russian energy products, reports...
Russian Oil Exports Crash By 54% A Week After EU Sanctions
It is the first full week of G7 and EU economic sanctions against Russia, and data compiled by Bloomberg shows that Russian oil exports...
Germany Has Dramatically Slashed Its Dependence On Russian Gas
Europe’s biggest economy, Germany, has seen the share of Russian gas in its gas mix drop to some 20% this year from 55% last...
Chinese Refiners Rake Profits From Price Cap On Russia Oil
...Despite China not joining pro cap nations
From either side of the coin, the consequences of the newly introduced price cap to Russian oil seem...
Russia To Consider Retaliation for Western Oil Embargo In Early 2023
Russian Central Bank Governor, Elvira Nabiullina, has said that the country would assess the impact of the Western oil embargo, and could consider retaliation...
As Sanctions Kick In, Putin Vows To Deepen Trade Ties With...
Russian President, Vladimir Putin has vowed to deepen trade ties with Russia's, especially China who represent a big oil and natural gas customer since...
Russia Undecided On Nord Stream Gas Pipelines Repairs
Russia said yesterday that it has not made any decision yet to repair the Nord Stream pipelines in the Baltic Sea. The pipelines were...
Russia: Oil Revenue Dips Despite High Volume of Exports
The International Energy Agency (IEA) has reported that lower oil prices and steeper discounts for Russian oil sent the country’s oil revenues down in...
