Russia has replaced Saudi Arabia as China’s main oil supplier
Russia became the leader in crude oil supplies to China in May with 8.42 million tons, displacing Saudi Arabia, which had held the position for...
Russian crude oil will continue to trade despite the bans
Sunday was the day European Union regulations banning deals with Russian state-owned energy companies come into force. (more…)
Rising gas prices are also worrying the US industry
Rising natural gas prices are increasing transport and production costs and are already beginning to worry the US industry, according to Reuters. (more…)
Hungary wants 750m euros to stop importing Russian oil
Hungary wants 750m euros to stop importing Russian oil. This became clear from the words of Foreign Minister Peter Siarto to the Spanish newspaper "El...
Oil prices rise amid fears about Russian supplies
Oil prices rose in early trading on Monday, although they started the day with a decline, following the decline in stock markets in Asia, caused...
Germany will stop importing oil and gas from Russia
By the end of the year, Germany will completely suspend oil imports from Russia, Foreign Minister Analena Berbok said after talks with counterparts from Estonia,...
France is trying to persuade Europe of an embargo on Russian oil
French Finance Minister Bruno Le Mer has said he hopes to persuade European partners to impose an embargo on Russian oil supplies. (more…)
Dallas Federal Reserve: A global recession is inevitable without Russian oil
The world economy will probably not be able to avoid a recession without a resumption of Russian energy exports this year, according to a study...
Oil has risen in anticipation of new sanctions against Russia
Oil prices rose in early trading on Tuesday as investors awaited the new US and European sanctions against Moscow for alleged Russian war crimes in...