India’s state-owned refiner Hindustan Petroleum Corp Ltd (HPCL) is facing payment issues for its purchases of Russian crude oil due to a price cap imposed on exports from the OPEC+ producer.
A recent UK government report shows how much the country spent on Russian fossil fuels in 2022 - figures trade body Offshore Energies UK (OEUK) said showed the “terrible damage” being done to consumers.
China is importing a wider variety of Russian crudes, including the lesser-known Arco grade, just as the nation doubles down on purchases.
Germany rejected a claim that it plans to buy Russian oil early next year, saying that it will instead import crude oil from Kazakhstan.
The European Union is closing in on a deal to cap the price of Russian crude oil at $60 a barrel, their latest attempt to clinch an agreement before a Monday deadline, according to people familiar with the matter.
A full European embargo on Russian energy supplies will drive inflation in the U.K. even higher than the 40 year record that it is on track to reach, the Bank of England’s chief economist said.
OPEC and its allies once again ratified a small monthly increase in production, even as global markets look set to tighten because the European Union is considering banning supplies from Russia.
Equinor has confirmed that it will stop trading in Russian oil as the company shuts down its operations in the country.
Russian President responds to heightened scrutiny over energy connections with Pyongyang.
The pioneers of the Russian oil and gas industry were honoured in a ceremony held in the oil region of Perm.
SCHLUMBERGER has inaugurated a $100million-plus training facility in Tyumen, Siberia, the gateway city to many of Russia's oil&gas resources.