Page 5 - Russia Oil Production

Russia may step up exports of fuels to Asia as EU sanctions tighten

Moscow's invasion of Ukraine has caused turmoil across energy markets this year, and that disruption is set to extend into 2023

Europe gas prices jump as latest Russian cut plan stokes supply fears

European gas prices surged after Moscow's move to shut a major pipeline ramped up fears of a prolonged supply halt, leaving Germany once again guessing as to how much Russian fuel it can count on

At $4.3 bn, imports from Russia jump nearly 7 times in June: Govt data

Oil makes up 71% of total imports from the country

Indian ship used to move Russia-linked fuel to New York: US tells India

The US Treasury Dept told India that an Indian ship picked up oil from a Russian tanker on the high seas and brought it to a port in Gujarat, said RBI Deputy Governor Michael Patra

Never been defensive about stand on buying Russian oil: Jaishankar

The US and other nations in the world may not appreciate India buying Russian oil, but they have accepted it as New Delhi has not been defensive about its stand, EAM said

Oil prices see-saw, settle on Russian pipeline constraints, recession fear

Crude prices have been under pressure for weeks as fears mounted that a recession could cut oil demand

EU plan to deal with halt in Russian gas supplies to come into force today

The European Union's (EU) emergency plan to prepare for a possible halt in Russian gas supplies will come into force on Tuesday, after it was published in the bloc's official journal the previous day

Iraq discounts heavily to muscle out cheaper Russian oil in India

After a dip in market share, suppliers from the West Asian nation are discounting heavily to muscle out cheaper Russian oil

Russia undercuts Saudi Arabian oil in India as competition heats up

Russian barrels were cheaper than Saudi crude during April through June, with the discount widening to almost $19 a barrel in May

Why discounted Russian crude oil hasn't cooled retail fuel prices

Russian crude oil, which was less than 1 per cent of imports prior to Russia's invasion of Ukraine in February, rose to 8 per cent of India's crude oil import volume in April

GAIL rationing gas as former Gazprom unit cuts supplies: Report

An industrial consumer said GAIL has restricted its gas quantities to a 'take or pay level', the lowest level at which it will not attract a penalty from the customer

Russia asks Sakhalin-2 gas buyers to pay via Moscow-based bank: Report

A second source said the energy company was in discussions to switch payment currencies away from US dollars for supply contracts

More oil middlemen muscle in to supply India with cheap Russian crude

Companies include Wellbred and Montfort have been marketing Russian oil to Indian buyers, joining the likes of Coral Energy and Everest Energy

EU embargo on Russian gas 'impossible', says Austrian Chancellor Nehammer

Austrian Chancellor Karl Nehammer has said that an embargo on Russian gas in the European Union (EU) is "impossible" due to EU countries' heavy dependence on Russian energy

Oil prices rise on tight supply as attention turns to OPEC+ meeting

Oil prices gained about $1 in early trade on Friday, lifted by supply concerns and a weaker US dollar as attention turns to what OPEC and allies including Russia agree at a meeting next week

Siemens failed to fulfill obligations: Gazprom on Nord Stream repair

Russia's gas giant Gazprom has said that Siemens failed to fulfill its obligations and had not returned a repaired turbine engine for the Nord Stream 1 pipeline

Oil rises on US inventory drop, Russian gas cuts as Fed decision looms

LONDON (Reuters) -Oil rose by $1 a barrel on Wednesday as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a looming U.S. interest rate hike.

Russia's Gazprom cuts gas through Nord Stream 1 to 20% of full capacity

Russia's Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It's the latest reduction to Nord Stream 1 that Russia has blamed on technical problems, but Germany calls a political move to sow uncertainty and push up prices amid the war in Ukraine. The Russian state-controlled energy giant announced Monday that it would carry out the reduction citing equipment repairs, further raising fears that Russia could cut off gas completely to try to gain political leverage over Europe as it tries to bolster its storage levels for winter. Data on the Nord Stream website and the head of Germany's network regulator, Klaus Mueller, confirmed the reduction. Gas is now a part of Russian foreign policy and possibly Russian war strategy, Mueller told Deutschlandfunk radio. Prices surged to the highest levels since early March for natural gas, which is used to power industry, generate electricity and heat homes in the ...

Top Headlines: 5G spectrum bids on Day 1, IMF cuts India's GDP forecast

The opening day of the biggest telecom auction in the country ended with top telecom firms buying spectrum worth more than Rs 1.45 trillion across frequency bands including 5G

China facing stiff competition for its favourite Russian oil from India

India has ramped up purchases of crude from Russia's far east, a grade that's typically favored by Chinese oil refiners