Gas Cargoes Stranded Near Russia Due to Crimea Bridge Restrictions
Tankers have been loaded with LPG in the Azov Sea port of Temryuk since December, but have been unable to proceed further south into the Black Sea.
OPEC Chief: EU’s Severing Dependence on Russia is ‘Typical’ Market Redirection
As worldwide oil and gas flows have been altered due to Russia’s invasion of Ukraine, OPEC Secretary General Haitham Al Ghais said a slowdown in the U.S and Europe “concerns us more.”
Europe Won’t Be Dependent on Russian Oil and Gas Again, Official Says
The invasion of Ukraine convinced Europe to shift away from Russian oil and gas, energy official says at CERAWeek.
Barclays Cuts 2023 Oil Price Forecasts on Resilient Russian Output
The cut is due in part to more resilient output from Russia than expected.
Nord Stream Pipelines’ Saboteurs Still Unknown, NATO Chief Says
The New York Times reported on March 7 that new intelligence reviewed by U.S. officials had indicated that a pro-Ukrainian group sabotaged the Nord Stream pipelines that carried natural gas from Russia to Europe.
Chevron CEO Mike Wirth on Structural Changes to Gas Markets, Permian ‘Challenges’
Speaking during the CERAWeek by S&P Global conference, Chevron Chairman and CEO Mike Wirth said Russia’s invasion of Ukraine will have long-lasting effects on global natural gas markets while labor, supplies remain challenging in the Permian.
Kremlin: Nord Stream's Future is Decision for All Shareholders
Moscow does not see relations with the West improving enough in the foreseeable future for the Nord Stream gas pipelines to be needed.
Russia Set to Mothball Damaged Nord Stream Gas Pipelines: Sources
Russia maintains that the Nord Stream pipelines, which were ruptured by blasts last September, were tampered with by western nations.
China's March Imports of Russian Oil May Hit Record: Shiptracking Data
Tanker tracking consultancies Vortexa and Kpler estimated nearly 43 MMbbl of Russian crude oil are set to reach China by March.
Tighter Market to Push Oil Prices Above $90 in Second Half of the Year
Russian output is set to fall amidst Western sanctions curbing revenues and will divert to countries such as China and India that have not sanctioned Moscow over its invasion of Ukraine.