Russia Bans Tiny US-based NGO for "Sabotaging" Vast Gas Pipeline
Russia accused the Altai Project of "sabotaging" a gas pipeline to China and banned it as an "undesirable organization."
Important Citgo Stock Certificates Recovered by PDV Holding
Stock certificates representing a 49.9% stake in Citgo Holding Inc. have been recovered by Venezuela's PDV Holding Inc. from Rosneft Trading
What's Affecting Oil Prices This Week? (June 26, 2023)
Oil prices remain bumpy due to unstable global economies and geopolitical conflicts—including this weekend's short-lived Wagner revolt in Russia.
Russia-aligned Hackers Pose Threat to Canada Energy Sector, Agency Says
Russia-aligned hackers could seek to disrupt Canada's powerful oil and natural gas sector, especially since Ottawa is a strong backer of Ukraine, a Canadian spy agency said on June 20.
Japan's Mitsui Says No Plans to Exit Russia's Sakhalin-2 LNG Project
"We have no plan to exit the project at the moment," said Toru Matsui, Mitsui's senior executive managing officer.
What's Affecting Oil Prices This Week? (June 19, 2023)
The price of Brent crude ended the week at $76.61 and the price of WTI ended the week at $71.78.
US Says Kremlin Oil Tax Changes to Hit Russia's Crude Output Capacity
U.S. Deputy Treasury Secretary Wally Adeyemo said that the price cap and sanctions against Russia have forced a change to the country's tax plan.
Russia Resumes Oil Exports to North Korea After Long Pause
Russia resumed oil exports to North Korea in December, the first since 2020 as the two countries deepen ties.
Pakistan Paid in Chinese Currency for Discounted Russian Oil: Minister
The first shipment of discounted Russian crude oil arrived in Karachi on June 11.
What's Affecting Oil Prices This Week? (June 12, 2023)
The price of Brent crude ended the week at $74.79 and the price of WTI ended the week at $70.17.