Post Tagged with: "russia"

Source: Reuters

Russia cuts power exports to Finland over failed payments

Reuters


Russia had cut all its exports of electricity to Finland on Monday, flow data showed, after Russian utility Inter RAO said last week it would halt them because it had not been paid.

Inter RAO said on Friday it …

Source: World Oil

Russia oil revenue up 50% this year despite boycott, IEA says

World Oil


Bloomberg) — Russia’s oil revenues are up 50% this year even as trade restrictions following the invasion of Ukraine spurred many refiners to shun its supplies, the International Energy Agency said.

Moscow earned roughly $20 billion each month …

Source: Reuters

Oil jumps as Russia gas flow to Europe falls, EU Russian oil ban looms

Investing


LONDON – Oil jumped almost 5% on Wednesday after plunging nearly 10% in the last two sessions, buoyed by supply concerns as flows of Russian gas to Europe fell and the European Union worked on gaining support for a …

Source: World Oil

TotalEnergies starts pullback from Russia with $4 billion writedown

World Oil


(Bloomberg) — TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country two months after the invasion of Ukraine.

The …

Source: CNBC

Russia accused of ‘blackmail’ after halting gas supplies to two European countries

CNBC


Russia’s gas supplies to Eastern Europe are looking highly uncertain after the country’s state-run gas giant Gazprom told Poland and Bulgaria that it would halt supplies.

 

The move comes after both countries refused Moscow’s recent demand to pay

Source: Reuters

Exxon declares force majeure on Russian Sakhalin-1 operations

Yahoo Finance


Exxon Mobil Corp said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations, where it has become increasingly difficult to ship crude out of due to sanctions on Russia.

The …

Source: Reuters

Russia oil flow jumps to 4 million barrels a day as Asia buys

World Oil


(Bloomberg) — Asia is still snapping up cheap Russian oil that European buyers don’t want.

 

Seaborne exports of the nation’s crude rebounded in the seven days to April 22. One-fifth of the volume shipped from ports on …

Source: Reuters

Russian Deputy PM says several buyers agree to pay in roubles for Russian gas

Yahoo Finance


Several buyers of Russian gas have agreed to switch to payments in roubles, Russian Deputy Prime Minister Alexander Novak said on Friday.

“We expect the decision (to switch to roubles) from other importers,” he added, in comments published …

Source: World Oil

Putin says Russia will find new markets as West rejects oil exports

World Oil


(Bloomberg) — Russia will find new buyers for its oil, natural gas and coal both at home and abroad as some traditional customers reject its deliveries, said President Vladimir Putin.

While most countries haven’t imposed direct sanctions on …

Source: Reuters

Russia maintains gas deliveries as Europe mulls tighter sanctions

Investing


BRUSSELS -The European Union’s foreign ministers disagreed on Monday on whether and how to slap sanctions on Russia’s lucrative energy sector over its invasion of Ukraine, with Germany saying the bloc was too dependent on Russian oil to decide …

Source: CNBC

Saudi energy minister says oil alliance OPEC+ will leave politics out of output decisions

CNBC


Saudi Arabia’s energy minister said Tuesday that OPEC+ will keep politics out of its decision-making in favor of the “common good” of stabilizing energy prices.

Governments and international organizations around the world have imposed punitive sanctions and severed economic …

Source: Reuters

Russia and West at odds over gas payments in roubles

Reuters


Russia said on Monday it will not supply gas to Europe for free as it works out methods for accepting payments for its gas exports in roubles but G7 nations refused the demand.

At a meeting of European Union …

Source: CNBC

Russia will ‘always’ be a part of OPEC+, UAE energy minister says

CNBC


The United Arab Emirates’ energy and infrastructure minister has insisted that Russia will always be a part of OPEC+ even as governments across the globe shun the oil exporter over its war in Ukraine.

Speaking to CNBC on Monday, …

Source: CNBC

EU strikes gas deal with the U.S. as it seeks to cut its reliance on Russia

CNBC


The U.S. said Friday it will work with international partners to provide at least 15 billion cubic meters more of liquified natural gas to Europe this year, seeking to end the bloc’s dependence on Russian energy exports following the

Source: Reuters

Russia warns West: gas bills in roubles are just days away

Yahoo Finance


LONDON – Russia warned the West on Friday that billing in roubles for billions of dollars of natural gas exports to Europe could be just days away, Moscow’s toughest response yet to crippling sanctions imposed by the West …

Source: Reuters

Putin says Russia will start selling gas to ‘unfriendly’ countries in roubles

Nasdaq


March 23 – Russian President Vladimir Putin said on Wednesday Russia would start selling gas to “unfriendly countries” in roubles, after a freeze on Russia’s assets by foreign nations had destroyed Moscow’s trust.

Putin said the changes would only …

Source: CNBC

Oil prices jump again on Russia-Ukraine fears, as IEA calls for cut in energy usage

CNBC


Oil prices jumped even higher on Monday after Russia-Ukraine talks appeared to yield no sign of progress, and markets continued to fret over tight supply — sparking a call by the International Energy Agency to reduce oil demand.

Crude …

Source: Reuters

Saudi prince, rebuked by West, faces dilemma over Russia and China

Yahoo News


RIYADH – The United States and Britain are ramping up pressure on Saudi Arabia to pump more oil and join efforts to isolate Russia, while Riyadh has shown little readiness to respond and has revived a threat to …

Source: World Oil

Ukraine war threatens oil demand and investment, OPEC says

World Oil


(Bloomberg) — Russia’s invasion of Ukraine threatens to intensify the surge in global inflation, hurting oil demand and investment, the Organization of Petroleum Exporting Countries warned.

International crude prices briefly hit a 13-year high of almost $140 a …

Source: Reuters

EXCLUSIVE Russia’s Surgut works with China to allow oil sales to go on

Reuters


SINGAPORE :Russian producer Surgutneftegaz has allowed Chinese buyers to receive oil without providing guarantees known as letters of credit (LC) in order to bypass Western sanctions, three people with knowledge of the matter said.

The change in terms is …

Source: CNBC

EU considers energy sanctions on Russia after nuclear power plant attack

CNBC


The European Union is debating new sanctions against Russia — and this time they could hit the energy sector.

Three European officials, who did not want to be named due to the sensitivity of the talks, told CNBC that …

Source: CNBC

U.S. oil price surges 11% to $106 a barrel, a 7-year high prompted by Russia’s assault on Ukraine

CNBC


Oil prices surged Tuesday, with U.S. crude hitting its highest level since June 2014 as Russia bears down on Ukraine’s capital.

Prices first topped the $100 mark last Thursday when Russia invaded Ukraine, prompting fears of supply disruptions from …

Source: Reuters

Exxon faces new pressure over dealings with Russia’s Rosneft

Yahoo Finance


HOUSTON – Exxon Mobil likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake.

Russia’s attack on Ukraine has unleashed broad economic and political …

February 28, 2022 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: CNBC

Gas is key in the Russia-Ukraine conflict — and supply could be disrupted around the world

CNBC


Russian forces on Thursday launched their long-feared attack on Ukraine, sending shockwaves through financial markets and ratcheting up fears about the ramifications for gas supplies around the world.

Russian President Vladimir Putin cast aside international condemnation and the …

Source: CNBC

Oil prices jump 8% as Russia invades Ukraine; Brent tops $100 for first time since 2014

CNBC


Oil prices on Thursday jumped following Russia’s invasion of Ukraine, with international benchmark Brent crude surpassing $100 a barrel for the first time since 2014.

The attack is expected to have far-reaching implications for energy markets given Russia’s role …

Source: Reuters

Germany freezes Nord Stream 2 gas project as Ukraine crisis deepens

Yahoo Finance


BERLIN – Germany on Tuesday halted the Nord Stream 2 Baltic Sea gas pipeline project, designed to double the flow of Russian gas direct to Germany, after Russia formally recognised two breakaway regions in eastern Ukraine.

Europe’s most …

Source: Reuters

Oil eases as Ukraine hints at concessions to Russia

Reuters


Oil eased on Monday, after earlier hitting its highest in more than seven years, as Ukraine hinted at possible concessions to Russia that could alleviate tensions between the two countries that Western governments say are on the brink of …

Source: CNBC

Oil will hit $120 a barrel if Russia invades Ukraine, strategist predicts

CNBC


Oil will “certainly” hit $120 a barrel and the global economy will be “radically altered” if Russia invades Ukraine, veteran strategist David Roche has predicted.

 

Moscow has denied that it plans to invade neighboring Ukraine, but has moved

February 9, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Political News
Source: Reuters

Russia warns of power price spike if energy transition is hasty

Nasdaq


MOSCOW, Feb 2 – A rushed transition away from fossil fuels risks driving electricity prices higher, a senior Russian official said on Wednesday, responding to German government comments that an EU carbon tax may make renewables more attractive in …

Source: Reuters

U.S. in talks with energy producers to supply Europe if Russia invades Ukraine

US News


WASHINGTON – The United States is in talks with major energy-producing countries and companies around the world over a diversion of supplies to Europe if needed in the event of a Russian invasion of Ukraine, senior Biden administration …