Tag: Russia

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Russia Says It May Continue With OPEC+ Deal Even After 2022

According to Russian Deputy Prime Minister Alexander Novak, Russia's participation in the OPEC+ oil output pact could continue even after it officially expires at the end of this year. Novak...
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Russia and Saudi Arabia Indicate that OPEC+ is Still Going Strong

Despite a report in the Wall Street Journal yesterday that the OPEC+ alliance was considering suspending Russia from the agreement, details of a meeting between Russian Foreign Minister Sergey Lavrov and...
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EU Approves Payment of Russian Gas in Rubles

The EU has put an end to the lingering ambiguity surrounding how EU members can pay for Russian gas without violating sanctions. Russia has demanded that countries pay for its...
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It’s Impossible to Trace Russian Crude in Refined Products – Shell CEO

According to Reuters, Chief Executive of Shell, Ben van Beurden, told journalists on Thursday that there is no way to know whether Russian crude oil is present or how much...
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Hungary and Slovakia Say They Still Need Russian Oil

On Tuesday, Hungary and Slovakia said they were unwilling to cut off Russian oil imports, increasing the prospect of countries opting out if the EU seeks to impose an embargo...
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Italy Signs a Gas Supply Deal with the Republic of Congo

The letter of intent was signed by Congo's Minister of Hydrocarbons, H.E. Bruno Jean-Richard Itoua, and Luigi Di Maio, Italy's Foreign Minister, in the presence of Eni CEO Claudio Descalzi....
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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...
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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...
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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...
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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...
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