OPEC has maintained its forecast for Russian\noil production this year at 10.28mn barrels per\nday in its latest monthly report, despite the government's\nrecently announced plan to curtail\nexports by 500,000 bpd in August. The International\nEnergy Agency (IEA) likewise estimates\nthat there...
EU Council President Charles Michel said the agreement covers more than two-thirds of oil imports from Russia. Ursula Von der Leyen, the head of the EU's executive branch, said the punitive move will "effectively cut around 90% of oil imports from Russia to the EU by the end of the ye...
BEIJING, March 20 (TMTPOST) – China’s crude oil imports from Russia in January and February 2023 jumped by nearly 24% year-on-year to 15.68 million tons at an average price of approximately $539.64 per ton, down 11.71% from that of the previous year. According to the data from China...
Russian crude oil exports by sea continued to decline in July and averaged below 3 million barrels per day (bpd) in the four weeks to July 30, the lowest four-week average since the start of the EU embargo, tanker-tracking data monitored by Bloomberg showed on Tuesday. Russia is estimated...
Russian crude oil exports outside the former Soviet Union, including via pipe and rail and bypassing the system of national pipeline operator Transneft, averaged 4.349 million b/d (17.799 million metric tons) in November, up 8% on the year. Another 561,200 b/d were sent to neighboring Ukrai...
ROME, May 4 (Xinhua) -- European Commission President Ursula von der Leyen said on Wednesday that the European Union (EU) will phase out Russian supply of crude oil within six months and refined products by the end of the year. However, Italy-based analysts said the move -- if adopted ...
According to the note, Russia's oil exports this year are now forecast at 255.7 million tons, up from expected 249.3 million tons, and those of natural gas -- at 216.2 billion cubic meters (BCM), compared to the previous estimate of 200.6 BCM. ...
The importance of natural gas exports for Russia is hard to overestimate. From 2015 to 2017, the oil and natural gasindustryin Russia generated up to 40% of federal budget revenues, peaking in 2018 at more than 46% [37], with projections to increase further [38]. A decrease in natural ...
This article analyses the potential for Russian oil export growth through the next decade. It concludes that supply for exports will continue to grow, albeit moderately. The greater or lesser intensity of that growth will depend on the evolution of both production and internal consumption, and espe...
According to the note, Russia's oil exports this year are now forecast at 255.7 million tons, up from expected 249.3 million tons, and those of natural gas -- at 216.2 billion cubic meters (BCM), compared to the previous estimate of 200.6 BCM. ...