Page 7 - Russia Oil Production

Russia replaces Saudi Arabia as China's biggest crude oil supplier

The imports into China, which include supplies pumped through the East Siberia Pacific Ocean pipeline and shipments by sea, totalled nearly 8.42m tonnes last month

Russia to temporarily suspend gas supply via Turkish Stream pipeline

Russian gas giant Gazprom has announced that it will stop gas delivery via both strings of the Turkish Stream pipeline from June 21 to June 28 due to scheduled annual maintenance.

Lankan PM open to buying Russian oil amid crushing economic crisis

PM Ranil Wickremesinghe also indicated he would be willing to accept more financial help from China, despite his country's mounting debt

Germany: G7 rejects Russia's demand to pay for gas in rubles

In our situation, it's hardly possible and feasible to engage in charity for Europe, Peskov said

Canada imposes fresh sanctions on Russia's oil, gas, chemical industries

Canadian Foreign Affairs Minister Melanie Joly has announced that Canada is imposing new sanctions on Russian oil, gas and chemical industries

Russia has no extra oil to sign deals with two Indian buyers: Report

A lack of new term supply deals with Rosneft may push Indian refiners to turn to the spot market for more expensive oil

Fundamentals for oil weaken, witness 1st surplus since June 2020: Goldman

Modest declines in the Russian exports, record large sales by Strategic Petroleum Reserve and severe Chinese lockdowns brought the oil market to its first surplus since June 2020, said Goldman Sachs

'No political messaging' in India importing Russian oil: Jaishankar

If Europe manages to procure oil and gas from Russia in a way to ensure that the impact on its economy is not traumatic, that freedom should exist for others too, S Jaishankar said on Friday.

Oil prices steady on doubts OPEC+ hike can make up Russian deficit

Oil prices were roughly unchanged on Friday, clinging to gains made in the previous session

EU sanctions on Russia fuel high inflation, expose internal rifts

EU's decision earlier this week to ban 90 per cent of oil imports from Russia by the end of the year is aimed at crimping the Russian economy amid the high-profile crisis in Ukraine

Oil prices rise after US crude inventories drawdowns, supply tightness

US crude oil stockpiles fell last week by 5.1 million barrels to 414.7 million barrels, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel drop.

India's Russian revolution in oil: Why refiners are buying more Urals crude

Refiners have jumped on to the bandwagon of opportunistic buying of heavily discounted Urals crude, which could, ironically, make the country Europe's refining hub

Oil little changed after OPEC-plus agrees to boost output by 648,000 bpd

Oil prices could get more support later on Thursday if analysts' forecasts are correct that US crude inventories declined by around 1.4 million barrels last week

Oil skids $3 a barrel as investors take profits ahead of Opec+ meeting

The benchmarks have marched higher for several weeks as Russian exports are being squeezed by EU and US sanctions

Oil prices firm up as EU agrees to Russian energy ban, China ends lockdown

Brent crude was up $1.71, or 1.5%, at $117.31 a barrel by 0817 GMT. U.S. West Texas Intermediate (WTI) crude rose $1.67, or 1.5%, to $116.34.

Pvt refiners profit from cheap Russian crude, state refiners suffer: Report

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

High energy prices, Asian markets could blunt EU ban on Russian oil

EU's decision to ban Russia oil over Ukraine invasion is a blow to Moscow's economy but its effects may be blunted by rising energy prices and other nations willing to buy petroleum, experts say

Oil prices open higher on EU Russian oil ban, end of Shanghai lockdown

Oil prices rose in early Asian trade today after EU leaders agreed to a partial and phased ban on Russian oil and China ended its Covid-19 lockdown in Shanghai

Brent tops $124 as European Union to ban 90% of Russia oil by year-end

Ban likely to cost moscow billions of dollars every year

Oil prices' bull run continues as EU agrees to ban Russian oil supply

LONDON (Reuters) -Oil prices extended a bull run on Tuesday after the EU agreed to a partial ban on Russian oil and China decided to lift some coronavirus restrictions amid rising demand ahead of peak U.S. and European summer driving season.