Wintershall Dea Q1 2022 Results: Strong Performance Despite Russia-Ukraine Conflict
Wintershall Dea demonstrated strong operational and financial performance for Q1 2022 despite the Russia-Ukraine war, according to the company's latest report.
Russia | Egypt Oil & Gas - Part 6
Wintershall Dea Decides to Keep Its Assets in Russia
Wintershall Dea’s CEO Mario Mehren announced that his company decided to keep its projects in Russia after conducting intensive discussions noting that it will never import natural gas from Russia or conduct any c ...
Russian Crude Oil Exports Decline by 25% in a Week
This comes as crude oil shipments to Asia from the ports on the Arctic, Baltic, and Black Sea coasts declined to its lowest levels in two months.
China’s Crude Oil Imports From Saudi Arabia Drop by 13% in March
China imported around 13% less crude oil from Saudi Arabia in March 2022, compared to a year earlier, while its imports from Russia dropped by 14%.
Russia to Expand Oil Storage, Exporting Outlets
Russia plans to establish several oil storage facilities and a number of new exporting outlets, in a move to help offset sanctions hampering the country’s oil sales, officials told Reuters.
Major Oil Traders to Reduce Russian Oil Purchases Starting From Mid-May
To avoid falling foul of European Union sanctions against Russia, major global trading decided to reduce purchases of crude and fuel from Russia's state-owned oil companies as early as May 15, Reuters reported.
Russian Oil Supply to Plummet to Double in May
The effects of sanctions and buyer reluctance on Russian oil will be fully obvious starting in May, according to the International Energy Agency (IEA).
Greece to Accelerate Gas Exploration to Cut Back on Russian Energy Imports
Greece, which imports around 40% of its annual energy from Russia, has previously produced tiny amounts of oil and attempted to investigate its hydrocarbon potential. However, prior years' low oil prices, a shift ...
Indian Oil Excludes Russian Urals From Its Latest Tender
A number of high-sulphur crude grades, including Russian Urals, have been excluded from Indian Oil Corporation (IOC)'s latest tender, trade sources have said, Reuters reported.
Oil Prices Dip Amid China Lockdown, Release of Reserves
On Monday, oil prices declined more than $2 per barrel for the second straight week as world consumers announced plans to release a record amount of crude oil and oil products from strategic stocks in addition to ...
