Suspected Drone Hits Oil Depot in Russia’s Oryol, Officials Say
Unverified images on social media showed what appeared to be a single rupture on the side of an oil storage tank in the Russian region of Oryol, blackened by soot.
Oil Prices Settle Higher on Druzhba Oil Pipeline Disruption
Russia’s state-owned pipeline monopoly Transneft has been notified by Ukraine of the pipeline disruption, the RIA news agency quoted Transneft as saying on Nov. 15.
Russian Oil Output to Fall Next Year as EU Ban Takes Effect: IEA
“The approaching EU embargoes on Russian crude and oil product imports and a ban on maritime services will add further pressure on global oil balances, and, in particular, on already exceptionally tight diesel markets,” the IEA said.
India Can Buy as Much Russian Oil as It Wants, Yellen Says
“Russia is going to find it very difficult to continue shipping as much oil as they have done when the EU stops buying Russian oil,” Yellen said. “They’re going to be heavily in search of buyers. And many buyers are reliant on Western services.”
Global Recession a Bigger Risk to Russia’s Oil Revenue Than Price Cap: Column
"If there is a global economic slowdown in 2023, Russia’s export revenues could fall by between a third and a half, based on experience over the last two decades," columnist John Kemp shared.
TotalEnergies to Reward Consumers Who Cut Their Electricity Consumption
The French government is looking to find ways of lowering energy consumption as energy prices rise due to the Russian invasion of Ukraine.
G7 Coalition Has Agreed to Set Fixed Price for Russian Oil: Sources
"The coalition has agreed the price cap will be a fixed price that will be reviewed regularly rather than a discount to an index," a G7 source reported, adding that an initial price should be set in the coming weeks.
Russia Set to Reroute Most of its Oil Under New Price Cap: Analysts
A recent survey of 42 analysts and economists found that EU and G7 sanctions on Russian oil products would likely have little impact on the country's flows and global prices.
Kremlin: Considering ‘Further Steps’ over Allegation Britain Attacked Nord Stream
Russia’s defense ministry said on Oct. 29 that British navy personnel had blown up the Nord Stream pipelines in September, an assertion that London said was false and designed to distract from Russian military failures in Ukraine.
US Sets Timeline for Russian Oil Cargoes Subject to Price Cap
The U.S. government, the G7 and the EU plan to impose the oil price cap which begins on Dec. 5 as part of sanctions against Russia for its invasion of Ukraine.