Russian oil companies are relying more heavily on little-known trading firms domiciled in the United Arab Emirates to market their crude, as EU sanctions force traditional players such as Vitol, Trafigura and Glencore out of […]
Iran and Russia face significant challenges in their attempt to jointly develop offshore Iranian gas fields as sanctions against the two countries are likely to pose supply problems, according to Rystad Energy’s research. Rystad Energy […]
(Bloomberg) — Russia defied expectations of a collapse in oil production following its invasion of Ukraine. But Moscow will have to redouble its efforts to find new buyers if it’s to keep output from shrinking […]
(Reuters) — Kazakhstan is expected to sell some of its crude oil through Azerbaijan’s biggest oil pipeline from September, as the nation seeks alternatives to a route Russia threatened to shut, three sources familiar with […]
Germany’s gas storage facilities have reached a fill level of 75%, two weeks ahead of schedule, the country’s top regulator said, as Europe’s biggest economy tries to shore up supplies cut by Russia. “The first […]
Russian gas giant Gazprom PJSC has started providing Hungary with additional volumes requested by Prime Minister Viktor Orban’s government to address winter energy supply concerns, according to a Foreign Ministry official in Budapest. Effective Friday, Gazprom stepped […]
Boosting domestic consumption and diversifying exports underpin Moscow’s new energy strategy as the EU seeks to phase out Russian gas imports by 2027. Both will require major investments, and domestic sales will bring lower returns […]
Europe could run short of natural gas this winter, market sources have told S&P Global Commodity Insights, as winter 2022 wholesale contracts extended record highs Aug. 11. While debate remains about whether or not the […]
As Russia prepares to allow traders from “friendly” countries which have not sanctioned the nation to trade on the Moscow Exchange, the Russian central bank announced steps Monday which will prevent investors from “unfriendly” countries […]
NEW DELHI, Aug 10 (Reuters) – Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the U.S. dollar and cutting the risk […]
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