EurOil - Europe Oil & Gas

16 June 2022

Calls growing for a price cap on Russian oil exports

15 June 2022

Europe has been wrestling to get its members to sign up to a full ban on Russian oil products but a ban could send the price of oil up and make Russia even more money. Better to cap prices and starve the Kremlin of revenues.

Russia announces it will slash gas flow via Nord Stream 1 by 60%

15 June 2022

Russia’s Gazprom has announced it is slashing gas flow via the Nord Stream 1 pipeline by 60%, blaming Siemens’ failure to repair compressor units on time and other technical problems at the Portovaya compressor station.

Russian energy export revenues up 40% in May despite sanctions

14 June 2022

Despite the West’s push to phase out Russian energy imports and deprive the Kremlin of revenues to finance its war in Ukraine, the country’s export revenues were in fact up by almost 40% year on year in May.