FSUOGM - Former Soviet Union Oil & Gas

1 July 2022

EXPLAINER: how a price cap on Russian oil might work

29 June 2022

Europe is scrambling to find alternatives to Russian crude oil, natural gas and coal. But the fact remains that despite recent cuts in the amount that the EU buys from Russia, Moscow’s revenues from hydrocarbon exports still surged 40% this year.

Europe’s gas storage on track to meet 80% full by start of heating season

29 June 2022

Europe’s gas storage tanks were 58.23% full as of June 26 and are still on course to hit the EU target of 80% full by October 1, the traditional start of the heating season, despite Russian cuts in gas flows to Europe this month.

Nigerian oil minister says OPEC+ group is running low on spare production capacity

28 June 2022

Nigeria’s Minister of State for Petroleum Resources Timipre Sylva said on June 24 that members of the OPEC+ group were running out of capacity to expand crude oil production.

Tug of war emerging over what role Iran (and its oil) should play in new world order

27 June 2022

France calls for efforts to get Iranian oil back on the market as Tehran re-enters nuclear deal talks, Tehran says it has applied to join BRICS and Israel secretly discusses defence coordination against Iran with Saudi Arabia.

US, Canada and allies discuss price cap on Russian oil

24 June 2022

The US has held talks with Canada and other allies to consider imposing a price cap on Russian oil in the latest attempt to limit Moscow’s energy revenue amid the ongoing war in Ukraine.

Gas crisis: Can Europe store enough gas this summer to get through the winter?

23 June 2022

“Winter is coming, and the night is full or terrors.” The Game of Thrones' most famous quote would serve well as a morning greeting for gas traders as they come into work.

African gas pipeline projects revived due to European gas crisis

23 June 2022

A mounting gas crisis in Europe caused by Russia’s decision to reduce flows has revived several African gas pipeline projects to take over from the Russian deliveries.