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Articles with tag "Oil"

In a Prolonged Israel-Iran Conflict, Russia’s Economy Stands to Reap the Benefits

Moscow benefits most from a protracted conflict that leaves uncertainty over energy supplies but does not spill over into all-out war.

Russian Oil Prices Up Nearly 15% After Outbreak of Israel-Iran Fighting

Despite the increase, prices remain below the government’s expectations for balancing its budget this year.
2 Min read

Oil Prices Surge, Russian Stocks Rise as Israel-Iran Tensions Grow

The Russian stock exchange rose slightly at the start of trading Friday, with oil and gold companies seeing the biggest increases in share prices.
2 Min read

EU Likely to Propose Lowering G7 Price Cap on Russian Oil to $50 Per Barrel

European officials plan to recommend the lower price cap at a meeting of G7 finance ministers in Canada later this week.
2 Min read

India Approves More Russian Insurers to Provide Marine Cover

India now recognizes eight Russian entities eligible to provide protection and indemnity coverage for ships.
2 Min read

Russia's Ties With India and Pakistan, Explained

The Moscow Times examines Russia’s relationship with both India and Pakistan amid a flare-up in tensions between the two countries.
4 Min read

Russia Eyes Budget Cuts as Sliding Oil Prices Drive Deficit Upward

The move would likely force the government to slash spending on civilian programs even further.
3 Min read

Swiss Commodities Giant Glencore Sells Off RussNeft Stake

Glencore first invested in RussNeft in the early 2000s, playing a role in the company’s development at a time when Russia’s oil sector was rapidly...
2 Min read

Russian Economic Officials Brace for Lowest Oil Prices Since Pandemic

The Economic Development Ministry has reduced its 2025 forecast for the average price of Urals crude to $56 per barrel, its lowest level since 2020.
3 Min read

Estonia Says Russian 'Shadow Fleet' Tanker Can't Sail Without Resolving 40 Deficiencies

Estonian transport authorities said Saturday they won't allow the Kiwala oil tanker to pursue its journey until it has resolved 40 legal and safety issues...
2 Min read

In First, Estonia Detains Russian 'Shadow Fleet' Tanker

The Kiwala, which is under Western sanctions, was intercepted as it was heading for the Russian port of Ust-Luga.
2 Min read

Russian Central Bank Warns Falling Oil Prices Could Squeeze Budget

“The risks are there,” Central Bank chief Elvira Nabiullina told lawmakers, adding that Russia “always prepares for such risks.”
2 Min read

Russia's Oil and Gas Revenues Fall 17% Year-on-Year in March

Moscow collected approximately 230 billion rubles ($2.7 billion) less in levies, which account for one-third of its total revenue, compared to March 2024...
2 Min read

Russia Using Crypto in Chinese and Indian Oil Trade – Reuters

While transactions supported by crypto are still a small part of Russia’s overall oil trade, they are reportedly growing. 
2 Min read

Kazakh Oil Exports Expected to Drop After Ukrainian Drones Attack Pipeline in Southern Russia

Russia’s state pipeline operator Transneft said repair work on the pipeline could take two months, with exports from Kazakhstan falling by 30%.
1 Min read

Russian Oil and Gas Budget Revenues Up 17% Year-on-Year

The increase comes despite the Biden administration tightening sanctions on Russia’s oil and gas sector last month.
3 Min read

Russia Probes Explosion on Oil Tanker

Russian officials said "an explosion took place in the engine room" of the Koala ship in Ust-Luga port west of St. Petersburg on Sunday morning.
1 Min read

China and India Halt Russian Oil Purchases for March – Reuters

Offers for ESPO Blend crude supplies to China in March rose to premiums of $3 to $5 per barrel above Brent Crude.
2 Min read

Czech Republic Finishes Pipeline Extension, Ending Reliance on Russian Oil

“Russia can no longer blackmail us, and we have a guarantee that we can completely supply ourselves with oil from the West,” Prime Minister Petr Fiala...
2 Min read

Dozens of Tankers Carrying Russian Oil Stuck Idling After U.S. Sanctions

At least 65 oil tankers were stationary in waters near Russia, off Singapore’s coast and near Chinese ports, ship tracking data showed.
1 Min read
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