Russia's Novak Warns of Oil Shortage in Europe Due to Import Ban
Russian Deputy Prime Minister Alexander Novak warned on June 2 that the EU's embargo on Russian oil products could result in an oil shortage in Europe after the EU's announcement to cut Russian oil imports by 90%.
Kinder Morgan Says Oil Vessel Charter Rates Gain After Ukraine Crisis
According to Kinder Morgan CEO Steven Kean, day rates for vessels moving oil and refined products between U.S. ports increased after the U.S. banned Russian oil and product imports in March.
Russian Gas Producer Gazprom Cuts Supply to Ørsted, Shell Energy
Gazprom has already halted supplies to Dutch gas trader GasTerra, as well as to Bulgaria, Poland and Finland after their refusal to pay for gas in Russian rubles.
Russia Widens Europe Gas Cuts as Gazprom Halts Dutch Trader’s Supply
Moscow had already stopped natural gas supplies to Bulgaria, Poland and Finland citing their refusal to pay in Russian rubles, a demand made in response to Western sanctions.
Oil and Gas Investor Op-ed: At What Price $tarbucks
Americans appear to agree: leave Russia, take the earnings hits.
EU Agrees to Ban Export of Russian Oil
EU Council President Charles Michel said on Twitter the ban would immediately cover more than two thirds of oil imports from Russia “cutting a huge source of financing for its war machine.”
India to Continue Buying 'Cheap' Russian Oil, Discount to be Finalized
India will continue buying cheap oil from Russia, stating that the average crude price is above $100 a barrel. The terms of the discount have not yet been finalized, however.
Analysis: Schroeder Throws in Towel as German Industry Clings on to Russian Gas
Putin recently described Gerhard Schroeder, the former German chancellor, as a “respectable man” who had laid the foundation for Germany’s gas supply from Russia.
Equinor Exits Russia Joint Ventures, Transfers Assets to Rosneft
Before Russia’s invasion of Ukraine earlier this year that spurred the exit, Equinor’s petroleum production in Russia had stood at some 25,000 boe/d, a relatively small part of its overall production of around 2 million boe/d.
Poland Ends Deal to Receive Russian Gas after Rouble Dispute
“Russia’s aggression against Ukraine has confirmed the accuracy of the Polish government’s determination to become completely independent from Russian gas,” Polish Climate Minister Anna Moskwa said.