Page 26 - Russia Oil Production

Russian pipeline sanctions raise fear of interruption in gas supplies

Natural gas prices rose Friday after Russian state-owned exporter Gazprom said it would no longer send supplies to Europe, citing new sanctions that Moscow imposed on European energy companies.

Halting Russian gas imports would cause supply problems for Italy: Minister

Italy will face short-term energy supply problems if Russia opts to cut gas sales to the country, Italian Ecological Transition Minister Roberto Cingolani has said.

Russia's Rosneft ramps up oil sales to Indian Oil in May: Traders

Russia's Rosneft sold 700,000 tonnes of Urals oil loading from Baltic ports of Primorsk and Ust-Luga in May to Indian Oil Corp (IOC), the country's top refiner

European farmers plan to use biogas to substitute Russian fossil fuels

The European Biogas Association says the European Union could quickly scale up the production of bio-methane, which is pumped into natural gas networks

Controversy over India's decision to buy Russian crude is overblown

Because the economics and logistics don't work out for Indian refiners to accept larger volumes

Oil edges up 0.3% on EU's sanctions on Russia, proposed crude ban

The sanctions proposal, which was announced by European Commission President Ursula von der Leyen and needs unanimous backing by the 27 EU countries to take effect

Our dependency on Russian energy significantly reduced: German President

Germany's dependency on Russian oil is currently 15 percent, said President Frank Walter Steinmeier on Wednesday

India says sudden halt to Russian oil imports would hurt citizens

The European Union, the biggest buyer of Russian energy, on Wednesday proposed phasing out imports of Russian crude within six months and refined products by end-2022

India wants Russia to discount its oil to below $70 a barrel amid war

India is trying to get deeper discounts on Russian oil to compensate for the risk of dealing with the OPEC+ producer as other buyers turn away, according to people with knowledge of the matter

European Union to propose phasing out Russian oil by the end of the year

The EU will also push for more banks from Russia and Belarus to be cut off from the international payment system SWIFT, including Sberbank, said the people

EU leans towards ban on Russian oil imports by year-end, say diplomats

The European Union is preparing a sixth package of sanctions against Russia over the invasion just over two months ago of Ukraine

Russia's weaponisation of oil could backfire by destroying demand for it

Oil is a fungible commodity in a global market: If one source cuts off shipments, importing countries can just buy more oil from other suppliers, although they may pay higher prices on spot markets

We've to look after our interests: Hardeep Puri on oil trade with Russia

Petroleum Minister Hardeep Singh Puri on Friday said India imports a very small portion of its oil requirements from Russia and was open to buying it if the terms were right

Indian refiners negotiating 6-month deal with Russia to import oil: Report

India has already bought more than twice as much crude from Russia in the two months since its invasion of Ukraine on Feb.

Centre asks state-run companies to consider buying Russian oil assets

Oil ministry also asked OVL, the overseas investment arm of Oil and Natural Gas Corp, to consider buying a 30% stake held by Exxon Mobile Corp, in the Sakhalin 1 project in Russia's Far East

Ukraine war: Germany says now ready to stop buying Russian oil

In Germany, Chancellor Olaf Scholz said on Thursday that preparations to limit Germany's exposure to Russian energy imports were underway even before President Putin ordered the invasion of Ukraine

Why Bulgaria and Poland can withstand Russia cutting off their gas supply

By cutting off gas supplies, Russia has landed its latest economic blow against Poland and Bulgaria. But with international support, it is a blow that can be withstood.

Germany top buyer of Russian energy since Ukraine war began: Report

Using data on ship movements, real-time tracking of gas flows through pipelines and estimates based on historical monthly trade, the researchers reckoned Germany paid Russia about 9.1 billion euros

Oil prices dip as Europe turns away from Russian oil, dollar soars

Oil prices dipped on Wednesday as a soaring dollar made barrels more expensive and Europe's biggest economy Germany was speeding up plans to wean itself off Russian oil

Russia says it's cutting gas to 2 European Union nations in escalation

Russia decided to shut off gas to two European Union nations that staunchly back Kyiv