Russia & FSU
News
December 30, 2022
As the year comes to an end, World Oil looks back on all of our breaking news items. Record-breaking crude exports and billion-dollar oil projects are only some of the incredible feats the industry accomplished. Read our final collection of top news stories of 2022 here.
News
December 28, 2022
U.S. oil producers recouped pandemic losses, while Russian war-time efforts disrupted other operations in 2022. However, that’s a small glimpse into this year’s most interesting headlines. Read more of the top industry news stories here, courtesy of World Oil.
News
December 26, 2022
2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no shortage of ground-breaking news. Read World Oil's top news stories of 2022 here.
News
December 23, 2022
While Russian Deputy Prime Minister Alexander Novak described the potential output declines as “insignificant,” a cut of that size could still tighten the global oil market at a time when many analysts predict demand in China will be rebounding.
News
December 13, 2022
The framework outlined in the MOU can support Ukraine's energy infrastructure and the country’s recovery and rebuilding process after Russia’s war against Ukraine ends, thereby helping to deliver energy to Europe and strengthen the continent’s energy independence.
News
December 12, 2022
The EU faces a potential shortfall of almost 30 billion cubic meters of natural gas in 2023 – but they can close gaps and avoid shortages by improving energy efficiency, deploying renewables, installing heat pumps, promoting energy savings and increasing gas supplies.
News
December 09, 2022
Russia may cut its oil production in response to the G-7 cap on the price of its crude, President Vladimir Putin said. A decision on Moscow’s response will be announced in a presidential decree within the next several days
News
December 08, 2022
Russia’s Energy Ministry rebuffed concerns that the oil price cap imposed by the Group of Seven nations will throw the country’s production into turmoil.
News
December 07, 2022
Europe is facing high natural gas prices and high uncertainty due to the substantial reduction in Russian imports, according to a new report from Rice University’s Baker Institute for Public Policy.
News
December 06, 2022
The U.S. raised its forecast for oil production next year, reversing course after five straight months of cuts that stoked concern about a slowdown in output from shale fields.
News
November 23, 2022
Talks between European Union nations on where to set a proposed Group of Seven price cap on Russian oil bogged down Wednesday evening, as governments split over how to design the plan, according to people familiar with the matter.
News
November 14, 2022
Poland introduced compulsory administration over Gazprom PJSC’s stake in the company that owns the local part of the Yamal-Europe gas pipeline, tightening the government’s grip over Russian assets in the country.
News
November 14, 2022
Germany moved to nationalize a second major gas company in two months as Berlin seeks to secure supplies for the winter and contain the financial shock from Russia’s squeeze on European energy.
News
November 14, 2022
Moscow may have found an important new outlet in the UAE for some of its crude shunned by Europe after Russia’s invasion of Ukraine. Tracking data shows a tanker recently delivered about 700,000 barrels of Russian crude to an ADNOC refinery.
News
November 11, 2022
The European Union’s impending sanctions on oil imports from Russia aren’t quite as exclusionary as they might seem at first sight. It will still be possible for what are arguably still Russian oil molecules to legitimately enter the European Union.
News
November 08, 2022
Many of the world's oil refineries are rushing to secure supplies of Middle East crude for next year as nearly all European Union countries will be barred from purchasing seaborne cargoes from Russia within a month.
News
November 07, 2022
An oil tanker hauling a cargo of Russian crude has been sitting off the coast of the United Arab Emirates for three days, raising the prospect that the gulf state might become customer for Moscow.
News
November 01, 2022
Russia started swapping oil products with Iran, Interfax reported, the latest sign of deepening ties between the two sanctioned countries pushed closer by Russia’s war in Ukraine.
News
October 21, 2022
In an interview with “Economichna Pravda,” DTEK CEO Maksim Timchenko talked about how much damage missile attacks and kamikaze drones have caused to the energy industry and DTEK, in particular, what is the safety margin of the country's energy industry and what consumers should expect in the event of continued attacks on energy facilities.
News
October 18, 2022
Exxon Mobil Corp. completed its exit from Russia, calling the departure an “expropriation” of its main Russian operation and potentially setting up a future legal challenge.
News
October 03, 2022
Hungary is one of the EU nations most reliant on Russia for energy, and has seen the cost of oil and gas imports soar to an estimated $19 billion this year from $4 billion in 2019, according to government data.
