The most important implication that Russian government needs to recognize as soon as possible is that the era of cheap oil and hydrocarbon windfall profits is coming to an end. While oil industry is capable of maintaining production and exports, given the aforementioned efforts, it is inevitable ...
According to Rosstat, cumulative corporate profit this year has reached RUB7.6 trillion, which is well ahead of the RUB5.6 trillion for the same month a year earlier. On a month-on-month basis profits in July were up to RUB1.2 trillion in July, which is also twice as much as in the s...
and as much as 24.8 trillion cubic feet of global natural gas supplies come from the country.123As such, Russia is home to some of the world's largestintegrated oil and gas companies. In fact, several
The U.S., Europe and the Group of 7 democracies have agreed to put a price cap on Russian oil exports to other countries. The cap proposed by U.S.
despite being made with security of supplies at the forefront of our thinking — was not the right one and we are sorry," CEO Ben van Beurden said. "As we have already said, we will commit profits from the limited, remaining amounts of Russian oil we will process to a dedicated fund...
Profits from Alrosa do flow into the Kremlin war chest, according to Hans Merket, a researcher with the International Peace Information Service - but it is nowhere near as important as oil and gas. Why Does The G7 Want To Track Russian Diamonds?
As we have already said, 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 fro...
Oil & Gas industry Joe Biden tells US oil refiners rising profits ‘not acceptable’ as war rages “We’re just interested in making sure of two things — that our market complies and that we get as much joined-up thinking between governments as possible,” said one senior figure at Lloyd...
Hawaiian grid operators have the job from hell. Green obsessed Hawaiian politicians have demanded their grid operators keep the electricity flowing without buying oil, despite a forced coal shutdown and serious delays to renewable energy projects.
“At the start of this year, Russia’s gross domestic product (GDP) was still projected to grow by a total of about 5% in 2022–2023 (Chart 1). As a result of the war, confidence on Russian economy has collapsed. The economic sanctions imposed on Russia due to the war have isolated...