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).
Russia | Egypt Oil & Gas - Part 7
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 ...
Finland to Invest EUR 850M to End Energy Dependence on Russia
The Finnish government announced on Thursday that it would invest up to 850 million euros to ensure sufficient energy supplies and move away from reliance on Russian energy, Reuters reported.
Russian Sokol Crude Attracts Buyers in the Far East Despite Sanctions
Despite Russia's war in Ukraine and the addition of new sanctions, Sokol crude shipments from the Far East have sold out for next month, proving that the pariah nation continues to find buyers.
Shell to Write Off Up to $5B After Exiting Russia
Shell announced that it will write off up to $5 billion after announcing its decision to exit Russia.
ExxonMobil Suspends Russian Far East LNG Project
ExxonMobil has suspended its liquefied natural gas project in Russia's Far East after the company announced plans to leave the country following Western sanctions.
European Gas Moves Forward As EU Considers New Sanctions Against Russia
Throughout Europe, natural gas prices are fluctuating as supply fears intensify alongside calls for further sanctions against Russia.
Lithuania Achieves Energy Independence From Russian Gas Supplies
Lithuania announced that it will not import the Russian gas any more to meet its domestic needs.
