Russia
News
April 27, 2022
European Commission President Ursula von der Leyen warned companies not to bend to Russia’s demands to pay for gas in rubles, as the continent scrambles to respond to Moscow’s move to start switching off supplies.
News
April 27, 2022
European gas prices surged more than 20% as Russia’s Gazprom PJSC confirmed that it halted gas flows to Bulgaria and Poland, saying it will keep supplies turned off until the two countries agree to Moscow’s demand for rubles -- a dramatic escalation with Europe as its invasion of Ukraine presses forward.
News
April 27, 2022
European refiners continue to lap up North Sea crude to seek replacements for Russian oil in response to the war in Ukraine.
News
April 26, 2022
Economy Minister Robert Habeck said Germany has already cut its reliance on Russian oil enough to make a full embargo “manageable,” potentially laying the groundwork for a continent-wide ban that would upend the global trade in petroleum.
News
April 26, 2022
Seaborne exports of Russia’s crude rebounded in the seven days to April 22. One-fifth of the volume shipped from ports on the Black Sea, Baltic and Arctic coasts is on tankers showing no final destination, with most expected to end up in Asia.
News
April 25, 2022
Halliburton Co. said that sanctions imposed by the U.S., the EU and others require the company to wind down certain contracts in Russia by May 15.
News
April 22, 2022
The world’s biggest oilfield-services provider said its suspension of future investment in Russia, a market that has represented about 5% of its total sales, means it can shift its own spending to other parts of the world.
News
April 21, 2022
Russia’s second-largest oil producer Lukoil PJSC said Chief Executive Officer Vagit Alekperov will resign, in the latest sign of growing pressure on the nation’s energy industry since the invasion of Ukraine.
News
April 20, 2022
Baker Hughes Co. tumbled by the most in two years after warning that sales in Russia would continue to erode amid sanctions on the warring nation.
News
April 17, 2022
Europe can reduce energy dependence on Russia quicker than previously estimated, Mario Draghi said in an interview with Corriere della Sera.
News
April 15, 2022
Russian tanker operator Sovcomflot PJSC is set to close its Cyprus-based payment center as a result of sanctions imposed on Russia for its invasion of Ukraine, according to people familiar with the matter.
News
April 14, 2022
Oil rallied Thursday afternoon after a report that the European Union is moving toward adopting a phased-in ban on Russian oil.
News
April 13, 2022
Eni SpA signed a framework agreement to boost flows of liquefied natural gas from Egypt to Italy, as European nations step up efforts to wean themselves off Russian energy in the wake of Moscow’s attack on Ukraine.
News
April 13, 2022
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.
News
April 11, 2022
OPEC’s top diplomat told European Union officials that the current crisis in global oil markets caused by Russia’s invasion of Ukraine is beyond the group’s control.
News
April 08, 2022
DTEK CEO Maxim Timchenko said the Ukrainian people and armed forces of Ukraine have demonstrated persistent and strong resistance in facing the Russians, while DTEK Group has made its contribution to a Ukrainian victory.
News
April 07, 2022
The House passed and sent to President Joe Biden for his signature legislation that would bar U.S. imports of Russian oil, gas and coal.
News
April 07, 2022
Shell Plc said its withdrawal from Russia will result in $4 billion to $5 billion of impairments, while also warning investors that extreme energy price volatility in the first quarter could hit cash flow.
News
April 04, 2022
Exxon Mobil Corp. expects to take a writedown of as much as $4 billion on the Sakhalin-1 oil development in Russia as the company attempts to exit the operation following the invasion of Ukraine.
News
April 01, 2022
In the last couple of days, World Oil has received data from a credible European military source about the situation in Ukraine. This information regards the strength and status of both Russian and Ukrainian forces.
News
March 28, 2022
Only a handful of nations -- including the U.S. and the U.K. -- have imposed explicit bans on imports of Russian oil. Still, many of the country’s traditional customers have undertaken a self-imposed buyers’ strike in response to the war.
