Russia Archives | Page 2 of 3

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...

24th March 2022

An EU Ban on Russian Oil May Have Serious Consequences – OPEC

According to OPEC sources, OPEC is concerned that a prospective European Union embargo on Russian oil imports would harm consumers and has expressed its concerns to the EU. According to...

22nd March 2022

Germany is Considering Substituting Qatari LNG for Russian Gas

Following a visit to Qatar, Germany's Economy Minister, Robert Habeck, declared that the country would import liquefied natural gas. In a Twitter video, Habeck stated that Qatar will export liquefied...

18th March 2022

EU-AFRICA RELATIONS: Italy Negotiating Renewable Energy Deals with Libya and Algeria

Italy is currently in talks with Libya and Algeria about how to mobilise and develop renewable energy resources. The European country is attempting to diversify its energy mix by including...

11th March 2022

China Plans to Buy Stakes in Russian Energy Companies

According to Bloomberg sources, the Chinese government is in talks with four state-owned enterprises to buy shares in Russian oil and metals firms. China National Petroleum Corp (CNPC), China Petrochemical...

9th March 2022

Shell to Halt Purchase of Russian Oil and Gas

Following criticism over its decision to acquire crude oil from Russia last week, UK energy major Shell has decided to halt all imports of Russian oil and natural gas. On...

9th March 2022

Saudi Arabia Reiterates Commitment to the OPEC+ Agreement and Russia

Despite the conflict between Russia and Ukraine, last week, the Saudi Press Agency reported that Saudi Arabia's Crown Prince Mohammed bin Salman (MbS) reaffirmed his country's "commitment to the 'OPEC+'...

8th February 2022

Russia To Supply More Gas to China Via New Pipeline

As China and Russia increase their energy cooperation, Russian gas giant Gazprom and China National Petroleum Corporation (CNPC) have inked a new agreement under which Gazprom would deliver natural gas...

4th February 2022

Russia to Resume Oil Output To 90% Of Pre-pandemic Level – Novak

Russia will be able to restore oil output to 90% of what it was before the virus, according to Russian Deputy Prime Minister Alexander Novak, who spoke to Russian television...

27th January 2022

Oil Prices Hit $90 for the First Time Since 2014

While rising tensions in the Russia-Ukraine war generated market anxieties about potential supply disruptions, oil markets rose behind a broader market bounce. Futures in New York increased by as much...