FSUOGM - Former Soviet Union Oil & Gas

Moldova buys first 2mn cubic metres of gas from Ukrainian suppliers

Moldova’s state-owned energy company Energocom has purchased its first 2mn cubic metres of natural gas from private Ukrainian suppliers through a Ukrainian exchange, testing a new trading mechanism.

Russia bans benzene, toluene and xylene exports for three months as fuel crisis spreads to petrochemicals

Russia has banned exports of benzene, toluene, xylenes and phenol outside the Eurasian Economic Union for three months to keep chemical plants supplied.

US revives push to sell Russian gas to Europe via Ukraine

US officials promoted a plan for Russian gas to reach Europe through Ukraine via a US intermediary, according to Bloomberg's account of Wall Street Journal reporting.

OPEC+ holds December output steady as 2027 call looms

OPEC+ left December production targets unchanged on November 1, deferring any fresh policy move into next year as the group grapples with Iran war export disruptions

The fragmented cost of energy - IntelliNews Lambda

European gas prices broke €100 per MWh on October 28 for the first time since 2022, with the tanks meant to carry the continent through winter only three-quarters full.

Putin warns Europe faces rising costs from excluding Russian gas

Russian President Vladimir Putin has warned that efforts to exclude Russia from international gas markets will increase energy costs for European businesses and households, arguing that the EU is damaging its own economic competitiveness.

Russia claims US interested in using Novatek LNG technology in Alaska

Russia and the US are discussing the potential use of Russian LNG technology for a liquefaction project in Alaska, according to Kremlin deputy chief of staff Maxim Oreshkin.

World Bank warns Russian gas phase-out could drive European prices higher

European gas prices could face further upward pressure as the EU phases out Russian supplies, with the World Bank warning that difficulties securing replacement volumes could intensify competition with Asia for LNG.

Kremlin urges Europe not to rule out return to Russian gas

The Kremlin has urged European countries not to permanently rule out resuming Russian gas imports, arguing that abandoning cheaper Russian supplies has damaged the continent's economic competitiveness.

First Oil investors face RUB8bn claim as Russian producer's financial crisis deepens

The collapse of a small Russian oil producer has triggered a multibillion-rouble legal battle involving Kazakh investors, highlighting the financial pressures facing independent operators amid sanctions, high borrowing costs and mounting debt.

Russia's fuel crisis spills into petrochemicals as feedstock shortages deepen

Russia's efforts to protect gasoline supplies are squeezing its petrochemical industry, with benzene and styrene shortages driving up prices and disrupting output. November could bring relief, but the market remains vulnerable to further refinery.

Russia says no talks underway on return of ExxonMobil and Chevron

Russia is not currently negotiating the return of US oil majors ExxonMobil and Chevron to its oil and gas projects.

Russia restricts access to oil export and refinery data

Russia has introduced restrictions on the disclosure of oil and petroleum product export data, refinery operations and fuel trading information, further limiting transparency in the country's energy sector.

Azerbaijan's crude exports to Switzerland triple but shipments stall

Azerbaijan's crude oil exports to Switzerland tripled in volume during the first nine months of 2026, although customs data indicate no additional shipments were recorded during August and September.

SOCAR Polymer exports fall despite growth in Azerbaijan's non-oil trade

Azerbaijan's SOCAR Polymer recorded a 4.8% year-on-year decline in export revenues during the first nine months of 2026, despite strong growth in the country's wider non-oil export sector.

Turkmenistan and Iran discuss expanded energy cooperation

Turkmenistan and Iran have discussed expanding cooperation in the energy sector, including opportunities for joint projects, as the two neighbours seek to strengthen economic ties.

Kazakhstan’s KazMunayGas receives first Chinese equipment for Zhanaozen gas plant

Kazakhstan's KazMunayGas has received the first shipment of Chinese-manufactured equipment for its new gas processing plant in Zhanaozen, marking another step towards completion of the 900mn cubic metre (mcm)-per-year facility.

Russian scientists develop process to convert plastic waste into gasoline and diesel

Russian scientists have developed a method of converting plastic waste into petrol and diesel using thermal cracking, potentially providing an alternative source of fuel components while reducing the amount of plastic sent to landfill.

Gazprom advances eastern gas expansion

The Russian gas giant is nearing completion of major Arctic and Far Eastern projects, although its pivot towards Asia remains constrained by export capacity, commercial uncertainties and China's bargaining power.

Moldova buys Ukrainian gas below European prices as winter costs surge

Moldova has secured its first natural gas supplies from Ukraine at prices below European market benchmarks, as Chisinau seeks cheaper alternatives to ease mounting energy costs ahead of the winter heating season.

Russa's Gazprom Neft deploys 200 software robots to automate business operations

Russia's Gazprom Neft has deployed more than 200 software robots across its operations, freeing up over 400,000 working hours over the past year through the automation of administrative processes.

Hungary turns to US as Russian gas dependence faces deadline

Budapest is seeking US support to diversify its energy supplies, but its heavy reliance on Russian gas, long-term contracts and infrastructure costs complicate the transition.

Ukrainian drones target Rosneft refinery as US-brokered strike pause falters

Ukraine reportedly struck a major oil refinery in Russia's Samara region on October 30, in an apparent resumption of attacks on Russian refining infrastructure following a temporary suspension secured under pressure from Washington.

Naturgy sees scope to continue Yamal LNG purchases despite EU ban

Spain's Naturgy sees opportunities to continue purchasing Russian LNG from the Yamal LNG project after the EU's import ban takes effect on January 1 2027.

Kazakhstan’s KazMunayGas partners with Spain’s Exolum to develop aviation fuel hub

Kazakhstan’s state-owned KazMunayGas has signed an agreement with Spain’s Exolum to develop aviation fuel infrastructure across the country, as Astana seeks to capitalise on its position between Europe and Asia and establish itself as a regional hub.

Russia's fuel crisis eases as refineries restart and Ukraine's strikes slow

Russian regions are lifting limits on petrol sales as Ukraine's drone strikes on refineries slow under US pressure and damaged plants come back online.

Uzbekistan’s natural gas output falls 16.4%, car production rises 9.2% in January–September

Azerbaijan crude exports to Switzerland, Indonesia jump as Portugal falls

Russia's weekly seaborne crude export value hits wartime high of $2.76bn

Russia's seaborne crude exports were worth $2.76bn in the week to October 25, the most in a single week since the 2022 invasion of Ukraine.

EU gas storage stalls at record low as central Europe starts drawing down

EU gas storage has all but stopped filling at 74.9%, a record low for late October, with Austria, Slovakia and the Czech Republic drawing gas out for a second week.