Russia
News
April 21, 2022
Russia’s second-largest oil producer Lukoil PJSC said Chief Executive Officer Vagit Alekperov will resign, in the latest sign of growing pressure on the nation’s energy industry since the invasion of Ukraine.
News
April 20, 2022
Baker Hughes Co. tumbled by the most in two years after warning that sales in Russia would continue to erode amid sanctions on the warring nation.
News
April 17, 2022
Europe can reduce energy dependence on Russia quicker than previously estimated, Mario Draghi said in an interview with Corriere della Sera.
News
April 15, 2022
Russian tanker operator Sovcomflot PJSC is set to close its Cyprus-based payment center as a result of sanctions imposed on Russia for its invasion of Ukraine, according to people familiar with the matter.
News
April 14, 2022
Oil rallied Thursday afternoon after a report that the European Union is moving toward adopting a phased-in ban on Russian oil.
News
April 13, 2022
Eni SpA signed a framework agreement to boost flows of liquefied natural gas from Egypt to Italy, as European nations step up efforts to wean themselves off Russian energy in the wake of Moscow’s attack on Ukraine.
News
April 13, 2022
Russia will find new buyers for its oil, natural gas and coal both at home and abroad as some traditional customers reject its deliveries, said President Vladimir Putin.
News
April 11, 2022
OPEC’s top diplomat told European Union officials that the current crisis in global oil markets caused by Russia’s invasion of Ukraine is beyond the group’s control.
News
April 08, 2022
DTEK CEO Maxim Timchenko said the Ukrainian people and armed forces of Ukraine have demonstrated persistent and strong resistance in facing the Russians, while DTEK Group has made its contribution to a Ukrainian victory.
News
April 07, 2022
The House passed and sent to President Joe Biden for his signature legislation that would bar U.S. imports of Russian oil, gas and coal.
News
April 07, 2022
Shell Plc said its withdrawal from Russia will result in $4 billion to $5 billion of impairments, while also warning investors that extreme energy price volatility in the first quarter could hit cash flow.
News
April 04, 2022
Exxon Mobil Corp. expects to take a writedown of as much as $4 billion on the Sakhalin-1 oil development in Russia as the company attempts to exit the operation following the invasion of Ukraine.
News
April 01, 2022
In the last couple of days, World Oil has received data from a credible European military source about the situation in Ukraine. This information regards the strength and status of both Russian and Ukrainian forces.
News
March 28, 2022
Only a handful of nations -- including the U.S. and the U.K. -- have imposed explicit bans on imports of Russian oil. Still, many of the country’s traditional customers have undertaken a self-imposed buyers’ strike in response to the war.
News
March 23, 2022
DTEK Group, NJSC Naftogaz of Ukraine and NPC Ukrenergo called on the international business community to stop buying Russian energy resources and stop any supplies of components and technologies for the fuel and energy sector to Russia.
News
March 22, 2022
TotalEnergies SE said it will stop buying Russian crude and diesel by the end of the year, becoming the latest energy giant to shun the country’s oil in protest against the invasion of Ukraine.
News
March 22, 2022
Russian refiners are trimming their output, threatening to exacerbate a European diesel market already in short supply, Gunvor Group Chief Executive Officer Torbjorn Tornqvist said.
News
March 21, 2022
As the situation has developed, Schlumberger has been evaluating its path forward, and has decided to immediately suspend new investment and technology deployment to Russia operations.
News
March 16, 2022
Russia’s oil output may slump by about a quarter next month, inflicting the biggest supply shock in decades as buyers shun the nation’s exports following its invasion of Ukraine.
News
March 14, 2022
German Finance Minister Christian Lindner remains opposed to a boycott of Russian oil and gas, even with leading members of his Free Democratic Party saying restrictions should be imposed to punish Russia.
News
March 13, 2022
Oil resumed its decline after Iran carried out a missile strike in Iraq following the suspension of nuclear talks, while Russia’s bombardment of Ukraine prompted more calls to sideline the OPEC+ producer.
