Russia’s Surging Oil Exports to China Fail to Keep Saudis Down
China’s oil purchases from Russia have climbed to reap the benefits of a plunge in European buying as the Ukraine crisis pushes Moscow in search of alternative markets.
Putin Tells Europe: If You Want Gas Then Open Nord Stream 2
Speaking to reporters after a summit in Uzbekistan, President Vladimir Putin blamed what he called “the green agenda” for the energy crisis, and insisted that Russia would fulfill its energy obligations.
Germany Takes Control of Russian-owned Oil Refinery
Rosneft Deutschland, which was previously majority owned by Rosneft, has tested Germany’s resolve to eliminate imports of oil from Russia by the end of the year.
Kremlin Says Other Regions Besides Europe Willing to Buy Russian Gas
Russian Kremlin spokesman Dmitry Peskov said that other buyers would able to offset European demand in light of western European sanctions on Russian gas.
Finland Aims to Start Importing LNG in January: Gasgrid
Gasgrid's LNG floating terminal "enables higher volumes to be transported from the southern part of the Finnish gas network," the company said.
Oil Set for Weekly Drop on Demand Fears, Despite Supply Threats
China’s COVID-19 lockdown and Putin’s threats temper anticipated 2% drop.
Oilfield Services Firm Halliburton Completes Sale of Russia Operations
Halliburton withdrew its operations from Russia, following Equnior, which exited the country earlier this month.
EU Plans to Cap Russian Gas Price as Putin Threatens Supply Halt
European Commission President Ursula von der Leyen called on EU member nations to impose a price cap on Russian gas in retaliation of the war in Ukraine.
LNG Market in Record Divergence Between Spot, Long-term Prices: Column
"While any surge in spot LNG prices in Asia as European buyers seek to draw cargoes away from the top-importing region of the super-chilled fuel is likely to grab the media headlines, it masks important shifts in the overall market dynamics," according to columnist Clyde Russell.
Russia Using Energy as Weapon, White House Says about Nord Stream Shutdown
“It is unfortunately not surprising that Russia continues to use energy as a weapon against European consumers,” a National Security Council spokesperson told Reuters in an email about the shutdown of the Nord Stream 1 pipeline.