Russia Boosts LNG Exports to Europe by 20% in 2022
According to Refinitiv data, Russian gas exports to Europe dropped to a new post-Soviet low in 2022, but its total LNG exports rose to approximately 33 million tonnes, with more than half of it going to Europe.
What's Affecting Oil Prices This Week? (Jan. 30, 2023)
Imposition of Russian oil exports is set to take effect on Feb. 5, which is expected to negatively affect Europe's diesel market due to the region's dependence on diesel fuel imported from Russia.
Oil Steadies as Rate Hikes Loom, Russian Flows Stay Strong
Oil steadied on Jan. 30 as looming interest rate hikes by major central banks and signs of strong Russian exports balanced rising Middle East tension over a drone attack in Iran and hopes of higher Chinese demand.
Russian Minister: Pakistan to Pay for Oil Purchases in Currency of 'Friendly Countries'
Pakistan's Petroleum Minister Musadik Malik said that Islamabad wants to import 35% of its total crude oil requirement from Russia.
Yellen Says Russian Oil Price Cap Could Save African Countries $6 Billion Annually
U.S. Treasury Secretary Yellen says Russia's war in Ukraine is harming Africa's economy and presses for 'timely' debt relief for African countries.
BASF Shareholders Say Russia Exit Sets Up Oil and Gas IPO
Though ruled out for now given the Russia-Ukraine war, BASF still plans to pursue IPO plans for Wintershall Dea.
SLB Wins Russia Business as Oilfield Rivals Exit After Ukraine Invasion
Some argue SLB's compliance with Russia's military mobilization is an example of being complicit in the conflict.
Russia Ramps Up Diesel Supplies to Turkey, Morocco Ahead EU Embargo
Russia has already supplied Turkey with approximately 450,000 tones of diesel since the beginning of the year.
BASF Takes Huge Writedown as Wintershall Dea Exits Russia
According to Wintershall Dea, maintaining its Russian operations and business is "not tenable" given the political climate.
Nord Stream Partner to Withdraw from Russia
Wintershall Dea takes a 5.3 billion euro hit as it shuts down all of its operations in Russia.