World Oil (Bloomberg) — Russia will find new buyers for its oil, natural gas and coal both at home and abroad as some traditional customers reject its deliveries, said President Vladimir Putin. While most countries haven’t imposed direct sanctions on Russian energy sales in retaliation for its invasion of Ukraine, shipments have been curtailed as buyers look elsewhere or grapple
CNBC Russian President Vladimir Putin has sought to ratchet up the pressure on foreign buyers of natural gas, telling so-called unfriendly countries to pay in rubles from Friday — or have their supplies cut off. Perhaps surprisingly, however, the leaders of Germany and Italy appear unfazed by Putin’s rhetoric. That’s because they believe European customers won’t be bound by the Kremlin’s new mechanism
Nasdaq March 23 – Russian President Vladimir Putin said on Wednesday Russia would start selling gas to “unfriendly countries” in roubles, after a freeze on Russia’s assets by foreign nations had destroyed Moscow’s trust. Putin said the changes would only affect the currency of payment and that the government and central bank had one week to come up with a
World Oil (Bloomberg) –European gas futures continued their march upwards on Thursday, even after Russia pledged to deliver as much supply as the continent needs. Europe’s largest gas supplier is ramping up deliveries in line with requests from customers and is “prepared to discuss any additional steps” to stabilize the market, President Vladimir Putin said on Wednesday. He blamed the
World Oil MOSCOW (Bloomberg) – Russia is ready to deliver all of the natural gas that Europe needs, said President Vladimir Putin, blaming the continent’s current energy crisis on flawed policies rather than a lack of supply. Europe’s largest gas supplier is raising deliveries in line with requests from its customers and is “prepared to discuss any additional steps” to
CNBC As world leaders congratulate Democrat Joe Biden for his projected victory in the U.S. presidential election, Russia’s decision not to do so speaks volumes. Analysts noted that while many European leaders congratulated Biden, expressing a desire to renew erstwhile tense relations with the U.S. and work constructively with the new administration, Russia did not comment on the projected win for
Reuters WASHINGTON – President Donald Trump said on Monday he planned to speak with Russian President Vladimir Putin and said Saudi Arabia and Russia “both went crazy” in their oil-price war, a battle begun just as the spread of the coronavirus around the world squashed oil demand. “I never thought I’d be saying that maybe we have to have an
LAWFARE Oil & Gas Publishers Note: Todd Carney, a first year student at Harvard Law School, posted a good article. Worth your time. Since 2014, Russia and Ukraine have been locked in a conflict in Donbas that has killed thousands. Despite the fighting, the two countries have been able to maintain an economic relationship centered around one industry: energy. A new Russian energy project
Reuters MOSCOW/LONDON – Russia is likely to call on fellow oil producers to change the way Moscow’s output is measured when most of the world’s biggest oil-producing nations meet next month in Vienna, Russian and OPEC sources say. For three years OPEC and non-OPEC nations have curbed oil output in order to balance the market and support prices, but Russia
Reuters Russian President Vladimir Putin said on Thursday that Saudi Arabia was taking a tough stance on the output deal between OPEC and its allies because of Saudi Aramco’s initial public offering, but that Moscow respected Riyadh’s interests. Speaking to reporters in Brazil at a summit for BRICS countries, Putin said Moscow should continue to work with OPEC and that
From AP News From a helicopter, Greenland’s brilliant white ice and dark mountains make the desolation seem to go on forever. And the few people who live here — its whole population wouldn’t fill a football stadium — are poor, with a high rate of substance abuse and suicide. One scientist called it the “end of the planet.” When U.S.
By Tyler Losier, Energy Reporter, Oil & Gas 360 Security Service of Ukraine detains Russian oil tanker, releases crew after threats from Moscow A Russian oil tanker is being detained by Ukrainian authorities in the port of Izmail near the Black Sea in what appears to be an act of retaliation for a similar incident that occurred last November. According
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