Russian officials have revealed that two oil refineries located approximately 40-50 miles (65-80 km) east of Russia’s largest oil export terminals were targeted by drone attacks, according a Reuters report. According to the report, One of the refineries, Afipsky, has experienced a fire because of the attack, but the other refinery, Ilsky, sustained no damage. […]
Russia
Posted inNews
Saudi Arabia, Russia confirm oil production cuts until end of 2023
Saudi Arabia and Russia reaffirmed their commitment to the recent OPEC+ decision to cut production until the end of 2023 during a high-level meeting held in Riyadh on Thursday, Saudi Gazette reported. Saudi Energy Minister Prince Abdulaziz bin Salman, who is also the head of the Saudi side in the Joint Saudi-Russian Intergovernmental Commission on […]
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Russia retaliates to Western sanctions; announces oil output cut
The price of Brent crude rose to $86.6 per barrel on the news of the output cut
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All you need to know about the ‘unprecedented’ Nord Stream pipelines leak
Scientists fear that methane erupting from the burst Nord Stream pipelines could be one of the worst natural gas leaks ever
Posted inMarkets
Russia threatens to halt energy supplies to Europe as energy crisis deepens
Putin’s comments follow G7’s plans to impose a price cap on Russian oil exports last week
Posted inExploration & Production
The global LNG shake up
The US has claimed the title of the world’s top LNG exporting, reversing trade trends from West to East
Posted inNews
Rosatom begins onsite works on Egypt’s first nuclear reactor El Dabaa’s unit 1
The contract stipulates that Rosatom will finance and build the plant, supply Russian uranium to fuel it, and begin a 10-year training programme to give Egyptian engineers the skills needed to run the reactors
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Nord Stream: Russia restarts gas flow to Europe at 40% of pipeline’s overall capacity
Further disruptions are expected as winter approaches, according to Wood Mackenzie, which outlines two scenarios for Europe in case of Nord Stream flows
Posted inNews, Exploration & Production
Europe gas supply at risk as Russia’s rubles payment deadline approaches
Russia says it demands only rubles for its gas and will not ship gas for free
Russia’s insistence that its “unfriendly” nations pay in rubles for Russian natural gas risks disrupting European supplies as soon as this week as the deadline set by Putin for moving to ruble payments is drawing closer. Europe, which depends on Russian natural gas for more than one-third of its demand—with some countries, including the biggest […]
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Russia to demand roubles for payment of gas exports to “unfriendly countries”
The announcement was made during a government meeting chaired by Russian President Vladimir Putin
Russia will now demand that payments for Russian gas supplies that head to “unfriendly countries” must be settled in roubles, President Vladimir Putin announced during a government meeting, Interfax, a Russian news agency, reported Wednesday. Putin called for the Russian central bank and government to determine within one week “the order of operations for the […]
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