India has announced plans to prohibit the unloading of Russian oil tankers subjected to US sanctions, marking another instance of Washington’s measures influencing the global oil market. The decision reflects…
Russian energy company Novatek, the largest liquefied natural gas (LNG) producer in Russia, has launched an extensive lobbying campaign in the United States to seek relief from sanctions imposed on…
Russia’s Arctic LNG 2 project, a major liquefied natural gas (LNG) terminal, has halted gas liquefaction due to mounting restrictions under Western sanctions. The facility, situated close to the Arctic…
On Wednesday, 2 October 2024, Saudi Arabia issued a stern warning that global oil prices could plummet to $50 per barrel if OPEC+ member states fail to adhere to agreed…
Russian oil giant Lukoil has ceased transporting oil to Hungary as of late June 2024, following the imposition of expanded sanctions by Ukraine’s National Security and Defence Council (NSDC). This…
Oil production in Russia is projected to remain stable over the next five years, despite international sanctions, as the state-owned company PJSC “Rosneft” begins extraction at a new major Arctic…
Russia’s efforts to finalise the significant Power of Siberia 2 gas pipeline deal with China have hit a stumbling block due to Beijing’s stringent demands on price and supply levels, according to…