News
2022, June, 1, 10:50:00
EUROPEAN BAN ON RUSSIAN OIL
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.
2022, June, 1, 10:45:00
OPEC EXPLORING THE IDEA
Oil still posted its longest run of monthly gains in more than a decade.
2022, June, 1, 10:40:00
RUSSIAN OIL FOR CHINA UP AGAIN
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,
2022, June, 1, 10:35:00
RUSSIAN OIL FOR INDIA UP
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.
2022, June, 1, 10:30:00
EUROPE ISN'T WITHOUT COAL
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.
2022, June, 1, 10:25:00
RUSSIAN GAS FOR NETHERLANDS STOPPED
Gazprom completely suspends gas supplies to Netherlands’ GasTerra B.V. due to failure to pay in rubles
2022, June, 1, 10:20:00
INDIA'S RENEWABLES 110 GW
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.
2022, June, 1, 10:15:00
INDIA OIL GAS INVESTMENT $4 BLN
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.
2022, June, 1, 10:10:00
VIETNAM HYDROPOWER UP
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.
2022, May, 31, 13:40:00
OIL PRICE: BRENT NEAR $124, WTI NEAR $119
Brent rose $2.31, or 1.9%, to $123.98 a barrel, WTI crude was trading at $119.34 a barrel.
2022, May, 31, 13:35:00
OPEC OIL PRICE: $120.01
The price of OPEC basket of thirteen crudes stood at $120.01 a barrel on Monday
2022, May, 31, 13:30:00
RUSSIA, TURKEY COOPERATION
Striving to further promote mutually beneficial ties, in part, in energy, transport and tourism, the leaders agreed to hold more meetings.
2022, May, 31, 13:25:00
RUSSIAN SANCTIONS FOR EUROPE
Vladimir Putin explained the real reasons for the unstable food supplies, saying that the disruptions were due to Western countries’ erroneous economic and financial policies, as well as their anti-Russia sanctions.
2022, May, 31, 13:20:00
RUSSIA, SERBIA COOPERATION
Striving to further promote mutually beneficial ties, in part, in energy, transport and tourism, the leaders agreed to hold more meetings.
2022, May, 31, 13:15:00
RUSSIA, AUSTRIA COOPERATION
Vladimir Putin reaffirmed Russia’s commitment to its contractual obligations with regard to natural gas supplies to Austria.
