Russia & FSU
News
March 03, 2022
The Biden administration’s objections to banning oil imports from Russia puts it at odds with a bipartisan clamor to punish Moscow for the invasion of Ukraine despite the inevitable pain it would cause by soaring gasoline prices.
News
March 03, 2022
Canada is ratcheting up sanctions on Russia in response to the invasion of Ukraine in coordination with Western allies, unveiling new restrictions on energy companies and steep tariffs on exports.
News
March 03, 2022
Western European nations are scrambling for ways to live without Russian natural gas, bracing for the possibility that either the Kremlin switches off the taps or political pressure for tighter sanctions erupts into a full energy embargo.
News
March 02, 2022
Wintershall Dea AG will write off its financing of the Nord Stream 2 natural gas pipeline project totaling as pressure grows on energy companies to exit business interests connected to Russia.
News
March 02, 2022
The Biden administration it is seeking to degrade Russia’s status as a top world producer of oil and natural gas by restricting exports of the technology that enables those flows.
News
March 02, 2022
Exxon Mobil Corp. plans to cede its stake in a Russian oil development to Kremlin-controlled Rosneft PJSC and other partners as sanctions make it harder to operate in the country.
Article
March 2022
As the Russian invasion of Ukraine continues, we at World Oil think it’s important to review the amount of oil and gas infrastructure that is at risk in Ukraine. Please note that some of the facts and figures cited here come from the U.S. Energy Information Administration (EIA)....
News
February 28, 2022
If the lights are going to stay on and homes are to keep warm in the harsh Ukrainian winter, Oleg Tolmachev is going to have to find a way to keep the gas flowing.
News
February 28, 2022
Shell Plc is exiting its Russian gas ventures, including a massive LNG facility, after the invasion of Ukraine changed the rules of engagement between Western companies and Moscow.
News
February 28, 2022
Norway’s biggest energy company Equinor ASA joined U.K. energy giant BP Plc in starting to withdraw from Russia in response to the invasion of Ukraine.
News
February 27, 2022
BP Plc moved to dump its shares in oil giant Rosneft PJSC, taking a financial hit of as much as $25 billion by joining the campaign to isolate Russia’s economy.
News
February 27, 2022
While oil last week briefly passed $100 a barrel for the first time since 2014, the gains were partly reversed as the U.S. and European nations avoided sanctioning Moscow’s massive energy supplies for punishment.
Article
February 2022
Tensions between Russia and Ukraine, combined with surging demand, caused oil prices to increase approximately 20% this year, with WTI and Brent hitting $90.61/bbl and $96.43/bbl, respectively, in February.
News
February 25, 2022
The impact of Russia’s invasion of Ukraine rattled global markets. There will be lasting implications for commodities, energy policy and the energy transition.
News
February 25, 2022
The Biden administration won’t sanction Russian crude oil because that would harm U.S. consumers and not Vladimir Putin, a U.S. State Department official said Friday.
News
February 24, 2022
Oil pared most of its gains after Biden said the U.S. is working with major consuming nations to coordinate a collective release from strategic petroleum reserves, while continuing to spare Russian supplies from sanctions.
Article
February 2022
While last year Covid seemed to be withering away, this year Covid is still around but definitely on the decline. Spot prices are high enough for everyone to make a profit, and then some, averaging lately in the high $80s to low $90s (perhaps too high).
News
February 24, 2022
Oil surged above $105 a barrel for the first time since 2014 after Russia attacked sites across Ukraine, triggering fears of a disruption to energy exports at a time of already tight supplies.
News
February 22, 2022
Russia’s Rosneft PJSC aims to develop new natural gas reserves regardless of whether the Kremlin allows the company to export the fuel through pipelines.
News
February 14, 2022
Oil importers are racing to assess the risk of purchasing Russian supplies as tensions over Ukraine enter a potentially decisive week.
News
February 07, 2022
LNG imports will not be able to meet shortfall and the additional supply levers required if Russian gas delivery disruption spreads beyond Ukraine to all European exports.
