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Russia's oil product exports slumped by 20% in February, but seaborne export volumes remain robust
Russia's oil product exports have slumped by 20% in February, marking the lowest level since May 2022, according to tanker tracking data reported S&P on March 2 in a note. Shipborne exports of crude, however, have held up well and remain robust.
Perspectives | China wants the Line D pipeline. Can Central Asia deliver?
Beijing is leaning toward buying additional Central Asian gas, despite reliability concerns.
Kyiv emerges warm and victorious from worst winter since World War 2
Wind and sleet greeted the first spring morning in Kyiv. Despite the miserable weather, March 1 marks another victory for Ukraine; the survival of the dreaded winter.
Russia’s 500,000 bpd production cut goes into effect as production and exports surge
Russia starts reducing its oil output by 500,000 barrels per day from March 1 in a one-month production cut that is intended to “stabilise the market,” according to Deputy Prime Minister Alexander Novak.
UN inspectors confirm ‘near nuclear weapon-grade’ uranium particles found in Iran
Tehran denies discovery is meaningful. Israel steps up sabre-rattling. CIA chief says his agency has no evidence Iranians are moving to “weaponise”.
AsiaElec: China reacts to end of unofficial ban on Aussie coal
GLNG: Germany eyes fourth-highest global LNG import capacity by 2030
LONG READ: Russia abandons deceptively deep Baltic discounted prices for market prices in Asia
The discounts Russia is being forced to offer on its oil exports after twin sanctions were imposed look big, but thanks to huge changes in the market the real price Russia gets for its oil is much higher.
Bulgarian police raid coal-fired power plants in EPPO fraud probe
Investigation concerns suspected EU Emissions Trading System fraud causing millions of euros of losses to the state and EU budget.
EurOil: Bulgaria seeks regasified LNG via Turkey
FSUOGM: Lukoil, KMG target launch of Caspian oilfields in 2028
AsianOil: Canadian flip-flopping on LNG leaves Japan, Korea hanging
The EU embargo on Russia’s oil products will drive down prices – but not yet
EU sanctions on Russia’s oil products went into effect on February 5 and will take several months to make themselves felt. The products market is very different to the crude oil market.
Russia still earning half a billion dollars a day from oil exports
Despite major efforts by the US, the EU and other countries to restrict Russia's fossil fuel revenues, the country is still earning more than half a billion dollars from oil and gas sales per day.
Urals oil price is increasingly meaningless, allowing Russian-owned refineries in Europe to build up slush funds
After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.
DMEA: Luberef considers 50% dividend
How big is Russia's "ghost fleet" of oil tankers?
How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.
MEOG: ADNOC to list 4% of gas unit
LatAmOil: Guyana’s economy to grow 25% per year thanks to oil sector
AfrOil: TotalEnergies gearing up for drilling programme offshore Namibia
TotalEnergies (France) is preparing to launch a multi-well deepwater drilling programme offshore Namibia to determine the extent of its Venus discovery in the Orange basin.
Fuelling energy woes, Uzbekistan sees drop in gas output
Production is falling as demand increases, forcing country to look to Russia for energy supplies.
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