EurOil - Europe Oil & Gas

5 May 2022

Europe proposes to ban all Russian oil imports by the end of the year

4 May 2022

The EU will sanction all Russian oil imports, both crude and refined and both oil delivered by ship and pipeline, but the ban will be “phased in in an orderly way,” EU President Ursula von der Leyen told the European Parliament on May 4.

Brussels proposes full ban on Russian oil

4 May 2022

In proposals for its sixth sanctions package, the European Commission will suggest a total ban on all Russian oil in addition to removing Russian broadcasters from the airwaves and disconnecting Russia's largest bank from SWIFT.

EurOil: BP attributes record quarterly loss to Russia exit

4 May 2022

UK-listed super-major BP has posted a record loss of $20.4bn for the first quarter of 2022.

The likely impact of EU sanctions on Russian oil imports

4 May 2022

The EU is mulling proposals for introducing a formal embargo on Russian oil imports, and Russia is already well-versed in embargo evasion techniques.

BP attributes record quarterly loss to Russia exit

4 May 2022

UK-listed super-major BP has posted a record loss of $20.4bn for the first quarter of 2022.

Hungary 'to continue to oppose EU sanctions on Russian oil'

3 May 2022

Zoltan Kovacs, Hungary’s State Secretary for International Communications, says Budapest remains opposed to proposals to ban the import of Russian crude oil and natural gas into the EU.

Bank reportedly bars Litasco from trading oil derivatives

3 May 2022

Geneva-based Litasco, the trading arm of Russia’s largest privately owned crude producer Lukoil, has reportedly lost much of its access to global oil derivatives markets.

Aliyev: TAP pipeline to reach full capacity in 2022, could double later

2 May 2022

Ilham Aliyev, the president of Azerbaijan, said on Friday, April 29 that the Trans Adriatic Pipeline (TAP) was on track to reach full capacity this year and would deliver 10bn cubic metres of natural gas to Italy.

Slovak government refuses to comment on speculation it will pay for Russian gas in rubles

29 April 2022

Slovak Economy Minister Richard Sulik said the answer to this question would be made public "in due course".

Hungary's dependence on Russian energy will make ending those ties very painful

29 April 2022

Viktor Orban opposes energy sanctions on Moscow because Hungary is so dependent on Russian supplies, but it is his regime that has deepened those energy links.

Poland and Germany near agreement on cooperation to ditch Russian oil

28 April 2022

A deal with Poland could help allow Germany to agree to EU sanctions on Russian oil exports, leaving Hungary isolated as the main opponent of tightening pressure on the Kremlin.