2022

First proposed on May 4, the EU's sixth sanctions package against Russia was designed to ban its crude imports into the bloc within six months and halt flows of its oil products by the year-end to help hit Moscow's oil revenues.

Oil still posted its longest run of monthly gains in more than a decade.

In late April, Urals cargoes for late May or early June delivery were trading at a discount of around $5-6/b to benchmark ICE Brent crude futures on a DES Shandong basis,

While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year of discounted Russian supplies.

The war in Ukraine has triggered a scramble among some countries to buy more non-Russian fossil fuels and burn coal to cut their reliance on Russian supplies.

«Газпром» полностью остановил поставку газа компании GasTerra B.V. (Нидерланды) в связи с неоплатой в рублях

Renewable energy now forms a quarter of India’s total installed power capacity – 110 gigawatts (GW) as of March 2022 – and accounts for 13% of the country’s electricity generation.

India imported 84% of its oil needs and 54% of its gas needs in 2020. After coal (44%), oil represented 44% of the country’s total consumption in 2020, against 6% for natural gas.

The Vietnamese government has agreed to increase the capacity of the Sơn La hydropower plant on the Black River in Ít Ong, Mường La District, Sơn La Province, from 2.4 GW to 3.2 GW.

Brent rose $2.31, or 1.9%, to $123.98 a barrel, WTI crude was trading at $119.34 a barrel.