With the looming EU embargo in Dec’22 for crude oil and in Feb’23 for refined products, a decline in Russian oil output could be more evident by year-end, with Russian oil producers trying to maximize profits westward while retaining market share eastward. Despite financial and logistical ...
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BRUSSELS (AP) — European Union countries should set a price cap on Russian natural gas and seek a “solidarity contribution” from European oil and gas companies making extraordinary profits as the war in Ukraine drives up energy costs, European Commiss
we will commit profits from the limited, remaining amounts of Russian oil we will process to a dedicated fund. We will work with aid partners and humanitarian agencies over the coming days and weeks to determine where the monies from this fund are best placed...
The colossal profits are possible because, due to Western sanctions against the Kremlin, Russian oil is sold significantly cheaper than competing grades, and at the same time, the fuels produced from it in Bulgaria are sold at high European prices. The final prices of gasoline and diesel in Bu...
Donald Trump has pushed for a deal that would allow the US to share in profits of Ukraine's natural resources and critical minerals. This is what he casts as repayment for military aid provided by Washington to Ukraine under the previous presidenc...
Earnings before interest, tax, depreciation and amortisation (EBITDA) at E.ON's Russian business declined by a quarter to e1/4268 million as a weakening Russian rouble hit profits when converted back to Europe's main currency. E.ON posts 12% H1 profit fall on Russian business LONDON, Muharra...
Russia's biggest oil firm, state-run Rosneft, had to suspend refining several times this year at its large, but relatively unsophisticated Tuapse plant on the Black Sea due to weak margins, the sources said. Rosneft did not reply to a request for comment. Other major Russian oil firms...
Today the Russian press reports that the country has a shortfall in profits from the sales of oil and gas to the amount of 54.5 billion roubles and that it is sellling Chinese yuan to make up the deficit. Elsewhere it is reliably reported by Anna Golubova, highlighted on Kitco.com, that...
MOSCOW. July 13 (Interfax) - The Russian government proposes to limit the amount of the windfall tax from previous years to 10% of profits for this year for those companies whose profits dropped over 50% in 2022, on the condition that these companies did not pay dividends in 2021 and 2022...