Russia
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 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
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
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 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.
News
September 20, 2022
A bipartisan pair of senators is pressing the Biden administration to use secondary sanctions to enforce a cap on the price of Russian oil.
News
September 16, 2022
Russia could find new markets for about half of the crude exports that will be banned by the European Union from December, according to energy-data firm Kpler.
News
September 01, 2022
Lukoil was the only Russian oil producer to call for a “fast resolution of the military conflict” in Ukraine early March, just after Moscow’s invasion of its neighbor entered its second week. Vagit Alekperov, the company’s founder, chief executive officer and also a major shareholder, announced his resignation in April after being targeted by international sanctions.
News
August 30, 2022
Exxon Mobil Corp. took the first step toward filing a lawsuit against Russia after Vladimir Putin blocked the oil major from exiting its only remaining operation in the country.
News
August 17, 2022
U.S. crude exports rose to a record as European refiners rushed to stock up supplies ahead of a ban on Russian imports.
News
August 15, 2022
Russia defied expectations of a collapse in oil production following its invasion of Ukraine. But Moscow will have to redouble its efforts to find new buyers if it’s to keep output from shrinking in the coming months.
News
August 15, 2022
Offshore Energies UK has urged government to prioritize the domestic production of energy after a House of Commons briefing showed that in June 2022, the UK imported no oil, gas or coal imports from Russia.
News
August 01, 2022
Baker Hughes agreed to sell its Oilfield Services business in Russia to its local management team, and the business will operate independently going forward, the company announced.
News
July 22, 2022
Oil tankers that previously carried Iranian oil are switching to haul Russian crude, according to shipping analytics company Vortexa.
News
July 22, 2022
Russia’s President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed continued cooperation within OPEC+ in a phone call, according to a statement from the Kremlin.
