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Articles with tag "Oil"
let it flow
Poland Restores Druzhba Pipeline After Leak Discovery
Polish operators halted pumping through a section of the pipeline late Saturday after they discovered a leak at one of its sections.
surging trade
Russian Oil Exports to China Hit New All-Time Record
Russia exported 10.5 million tons of crude oil to China in June, breaking the previous record of 9.71 million tons set in May.
2 Min read
barrel trimming
Russia to Cut Oil Exports in August
Moscow's announcement of a voluntary oil export cut by 500,000 barrels per day builds on production cuts announced earlier this year.
1 Min read
'No limits' partnership
China’s Russian Oil Imports Highest Since Ukraine Invasion
Customs data shows that imports of Russian crude by China have almost doubled since Moscow invaded its neighbor last year.
2 Min read
less competition
Russian Oilfield Service Sees Record Revenue in 2022 – Vedomosti
According to data, Russian oilfield services earned 1.79 trillion rubles ($22.2 billion) in 2022, the highest figure since at least 2018.
1 Min read
revenue source
Russian Oil Exports Hit Post-Invasion High – IEA
Revenues in April were still 27% lower than the same month in 2022 despite the boosted volumes.
2 Min read
News Analysis
Attacks on Russian Oil Facilities Deal a Military, Psychological Blow to Moscow
Drone strikes create logistical problems for the Russian military and puncture a sense of security felt by Russians far from the frontlines.
4 Min read
economic damage
Russia’s Oil Export Revenues Fall One-Third Due to Western Price Cap – Study
European Union and G7 countries imposed a price cap on Russian oil products in response to the invasion of Ukraine.
1 Min read
market forces
Russian Oil Exports Hit Near 3-Year High in March Despite Revenue Drop
Russian oil exports jumped to their highest level in almost three years in March, according to the International Energy Agency.
1 Min read
Friends in need
Russia Begins Fuel Deliveries to Iran by Train – Reuters
In the face of international sanctions, Russia is now exporting fuel products to Iran by rail, Reuters reported on Tuesday.
2 Min read
falling short
Russia Forecasts $1.5Bln Shortage in Excess Oil and Gas Revenue
The Finance Ministry said it will sell 74.6 billion rubles ($940 million) worth of foreign currency to cover the expected shortage.
1 Min read
Peak Oil
Russian Oil Product Exports Reach Record High Despite Embargo
Moscow has developed alternative routes for its deliveries following a Western embargo.
2 Min read
Slashed output
Russia Says OPEC+ Oil Production Cuts 'In Interests' of Energy Markets
The bloc of countries called the decision a "precautionary" move aimed at stabilizing global markets.
2 Min read
shifting market
Russian Oil Exports to India Surge 2,200% Following European Sanctions
Russia increased its oil sales to India by 2,200% in 2022 after sanctions ended exports to the European market.
2 Min read
sanctions adaptation
Russia to Extend Oil Production Cuts Until End of June
The production cuts, which amount to about 5% of daily output, were announced after Western countries announced new sanctions on Russian oil.
1 Min read
shrinking margin
Russian State Oil Giant Rosneft Profit Falls After Sanctions
Western powers have imposed a raft of sanctions against Russia, including a price cap on its crude, over the conflict in Ukraine.
1 Min read
bottom line
Russia's Oil Revenue Sinks as Sanctions Bite – IEA
Russia, however, was still shipping "roughly the same" amount of oil to world markets, according to the IEA.
3 Min read
Steep fall
Russian Gas Exports Sink by 25% Despite Rise in Oil Sales
The European Union, once the largest buyer of Russian gas, drastically reduced its imports last year.
2 Min read
500,000 bpd
Russia to Slash Oil Output Over Western Price Cap
Russia announced Friday it will slash crude oil output by 5% next month after Western countries imposed a price cap over the Ukraine conflict. International...
latest package
West's New Oil Sanctions Aim to Tighten Screws on Russia
The West's latest wave of sanctions on Russian energy exports seeks to hit Moscow harder than its previous moves over the Ukraine war. An EU-wide ban on...
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