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US Treasury Secretary Janet Yellen warned that the European Union's immediate withdrawal from the Russian oil could harm not only Europe itself, but the entire world. "We need to be careful when we …
Lukoil has received commercial inflows of natural gas and condensate at a recently discovered Titonskaya structure on the shelf of the Caspian Sea and reserves ranging from 140 to 150 mln tonnes of equivalent fuel will be presented to the State …
Major global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15, sources said, to avoid falling foul of European Union sanctions on Russia. Trading …
Russian Energy Minister Nikolai Shulginov told Izvestia newspaper that Moscow is ready to sell oil and oil products to “friendly countries in any price range”. Shulginov said crude prices in the range of $80 to $150 a barrel …
OPEC's Secretary-General Mohammad Barkindo said it would be "nearly impossible" to replace Russian oil. According to Barkindo, the highly volatile market is not based on fundamentals and is out of its control. …
The European Union’s foreign ministers have not agreed on a ban on Russian oil and natural gas imports, Head Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell said on Monday, adding that discussions …
The United States is increasing gas supplies to Europe and considers reducing European dependence on Russian energy a matter of priority, White House National Security Adviser Jake Sullivan said on Sunday. “He [U.S. President Joe …
A fifth round of European Union sanctions on Russia, including a ban on coal imports, could be agreed by the bloc on Thursday or on Friday, the EU's top diplomat Josep Borrell said. "Maybe this afternoon, or tomorrow at the …
Australia, Britain, Canada and the United States have imposed outright bans on Russian oil purchases following Moscow's operation in Ukraine
The U.S. and the EU have announced the creation of a 'task force' to reduce Europe's dependence on Russian gas. U.S. President Joe Biden said during his meeting with European Commission President Ursula von der Leyen on …
Indian Oil Corp, the country's top refiner, on Wednesday bought 3 million barrels of Russian Urals and 2 million barrels of West African oil through a tender for May loading, trade sources said. Urals crude has been purchased from …
Crude oil exports from Kazakhstan's Caspian Pipeline Consortium (CPC) terminal on Russia's Black Sea coast stopped fully on Wednesday after damage caused by a major stormand continued bad weather, a port ship agent told Reuters. …
Germany on Tuesday reiterated its opposition to energy sanctions on Russia, warning that it could have negative consequences for European economies. Speaking at a joint news conference with European Parliament President Roberta Metsola …
Even though many Western clients are proclaiming their intention to shun Russian barrels, the oil is still flowing from export channels
India may import from Russia around 15 million barrels of cheap crude oil in 2022, Business Standard reported. On Tuesday, IIndian Petroleum and Natural Gas Minister Hardeep Singh Puri said that New Delhi was negotiating with Russia the …
The Gulf state would not act on its own to raise production and remained committed to OPEC+ policy
U.S. President Joe Biden announced a ban on Russian oil and other energy imports. The latest sanctions are likely to push up oil prices - resulting in even higher prices at the pump. Brent crude was up $1.68, or 1.3%, at $129.66 a …
Russia has been a reliable supplier of gas for over three and a half decades and will remain so, Turkish Deputy Minister of Energy and Natural Resources Alparslan Bayraktar said on the sidelines of the Cambridge Energy Research …
UK-Dutch petroleum giant Shell announced on Tuesday its intention to gradually withdraw from all oil and gas projects in Russia, adding it will stop all spot purchases of Russian oil as a first step. "Shell plc (Shell) today …
Oil prices rose for a fourth day on Wednesday as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates. The price …
