Russian oil

Crude Oil

Treasury Department Assures Wall Street It Can Still Trade Russian Oil and Gas

The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas.

Natural Gas

No Challenge in Selling from Russian Oilfields, Says ONGC

Oil prices rallied to $119 per barrel on Thursday on fears that Russian supplies will be disrupted by the volley of Western sanctions that are aimed at non-ener…

Crude Oil

Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources

Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, includin…

Oil & Gas Supply

ExxonMobil to Exit Russian Oil and Gas Operations Amid Ukraine Crisis

The American energy major is beginning the process to pull out from the Sakhalin-1 venture, in Russia.

Crude Oil

Russian Banks' Exclusion from SWIFT to Hurt Indian Oil Companies

Sanctions and exclusion of Russian lenders from the SWIFT system, the most important international payment network, will hurt Indian state-run firms' abilit…

Crude Oil

Can the U.S. Replace Russian Oil Imports?

Following Russia’s invasion of Ukraine, one of the issues being discussed a lot in the West is what an ongoing military conflict may do to oil prices.

Oil Price

Oil Could Jump Back Above $100 as Traders Assess Russia SWIFT Ban

A decision by Western allies on Saturday to block certain Russian banks from the SWIFT payments system is likely to lift oil prices well above $100 a barrel as …

Oil Price

Biden Administration Is 'Scared' of the 'Green Lobby', Will Not Abandon Russian Oil

Economist and former naval intelligence officer John Jordan weighs in on how the Russian invasion of Ukraine impacts the American economy.

LNG

Germany Plans to Become Independent from Russian Oil

Spurred by its growing domestic demand for electricity parallel to its increasing population and rapid urbanization, imports of liquefied natural gas (LNG) by C…

Oil & Gas Trade

BP to Exit its 20% Stake in Russian Oil Giant Rosneft

BP Plc will exit its shareholding in Russia’s largest oil company Rosneft PJSC, potentially taking a financial hit of as much as $25 billion.

Crude Oil

Factbox: Asian buyers of Russian oil, gas and coal

As the Ukraine-Russia crisis intensifies, Brent crude futures have hit fresh seven-year highs as analysts warn trade sanctions may have implications for Asian c…

Oil&Gas Drilling

Lukoil Strikes Oil in Waters off Mexico

Russian oil and gas company Lukoil has made an oil discovery within the Yoti West structure at Block 12 located offshore Mexico.

Russian Federation

Russian Oil And Gas Discoveries Plunge To Five-Year Low

Russia’s oil and gas discoveries fell to the lowest in five years in the first half of 2021, after last year’s crisis resulted in steep cuts in capital expend…

Hydrogen Technology

Rosneft, ExxonMobil to Explore Low Carbon Technologies such as Hydrogen

Russian oil company Rosneft has teamed up with ExxonMobil to explore low-carbon technologies such as hydrogen as a means to reduce its greenhouse gas emissions.

Natural Gas

Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas

State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom …