Russian Oil and Gas

New oil and gas market for both Russia and the EU

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Both Russia and the EU are heading towards Africa, where emerging oil and gas suppliers are expected to replace Moscow in Europe, while Russia looks to expand investment in the black continent.

EU may exempt 2 member states from Russian oil embargo

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The European Commission is proposing a blockade of Russian oil, but could exempt Hungary and Slovakia to reach EU consensus.

Russian energy giant Gazprom announces sky-high profits

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Russian energy giant Gazprom announced its highest annual profit ever thanks to sharp increases in gas prices.

EU President calls on India to cut off oil and gas trade with Russia

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European Commission President Ursula von der Leyen called on India to cut off oil and gas trade with Russia, stressing that such business activities are not sustainable.

Russian oil depot fire near Ukrainian border

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A Russian oil depot caught fire in a Rostov region city near the Ukrainian border.

Finally, the EU has been paid for Russian gas in rubles

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The European Union has issued guidelines for paying for Russian gas in rubles.

China's oil and gas giant calculates replacement for gas project in Russia

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The Chinese oil and gas giant is looking to participate in a major gas export project in Russia after Shell withdrew.

Russian ruble overcomes "storm" of sanctions, spectacular recovery

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The Russian ruble recovered almost completely in a spectacular comeback despite the "storm" of sanctions.

Russia continues to pump gas to Europe via Ukraine

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The Ukrainian war has not disrupted the supply of Russian gas to Europe via Ukraine.

Russia "lives well" with a stack of gas despite the war in Ukraine

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Russia supplies 45% of the EU's gas imports, earning $900 million per day. Despite the war in Ukraine, neither side is ready to cut off relations.

Banning Russian oil and gas could cause the worst shock in history

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OPEC has warned the EU that there is no replacement for Russian oil and that a ban would cause the worst shock in history.

EU floods to ban Russian oil imports

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The current EU package of Russian sanctions has not yet finalized Russian oil sanctions.

More damage to Russian oil and gas, oil prices are at risk of increasing sharply

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Experts warn of the risk of a sharp increase in oil prices after one of Russia's key oil pipelines broke down.