Uncategorised Archives | Page 17 of 118

29th April 2022

Germany’s Uniper to Pay for Russian Gas in Rubles

After Russia's announcement last month of a new payment system, Uniper, one of Germany's top gas importers, will pay for Russian gas deliveries in rubles. Uniper announced earlier this week...

28th April 2022

Some Buyers in Europe Have Already Paid for Russian Gas in Rubles

Four European companies have already paid for Russian gas in rubles, according to Bloomberg, citing a source close to Gazprom, while the Russian gas giant halted shipments to Poland and...

27th April 2022

Europe Purchases Oil from Abu Dhabi to Replace Russian Crude

Abu Dhabi crude is on its way to Europe for the first time in two years as the European Union looks for alternatives to Russian oil. This will divert some...

26th April 2022

Libya to Resume Full Oil Production Soon

The oilfields in Libya, which are currently closed due to force majeure, could reopen in days. This was made known by Libya's oil minister, Mohammed Oun, following calls from Libyan...

25th April 2022

EU Companies Can Pay for Russian Gas in Rubles Without Violating Sanctions

Companies in the EU may have discovered a way to pay for Russian gas in rubles without violating sanctions, according to the European Commission on Friday. The companies would have...

11th April 2022

Brent Falls Below $100 For the First Time Since Mid-March 2022

On Monday, oil prices fell more than 4%, with Brent sliding below $100 a barrel as China's COVID-related lockdowns weighed on-demand expectations while a coordinated large release of oil reserves...

10th April 2022

Nigeria’s Fuel Subsidy to Cost 10 Times More Than Budgeted

In a recent letter to MPs, Nigeria's President Muhammadu Buhari stated that the rising cost of crude oil will boost the cost of the country's fuel subsidy by roughly ten...

7th April 2022

OPEC Does Not Have Spare Capacity to Produce More Oil – Timipre Sylva

Nigeria's Petroleum Minister, H.E. Timipre Sylva, told Turkish news agency, Anadolu Agency in an interview on Friday that OPEC does not have the additional spare capacity to raise crude oil...

6th April 2022

Angola’s ANPG Receives Several Proposals from Major Oil Companies in Latest Bid Round

Angola's National Agency of Petroleum, Gas, and Biofuels (ANPG) hosted an invitation-only ceremony in Luanda on Tuesday, April 5, 2022, to open the proposals received for the latest bid round...

5th April 2022

Oil Production in Russia Has Already Begun to Decline

According to Reuters, Russia's crude oil and condensate production declined marginally in March compared to February, citing sources familiar with the data. Russia reportedly produced 11.01 million barrels per day...