FSUOGM - Former Soviet Union Oil & Gas

Moody’s expects Red Sea disruptions to cause oil price volatility

Ongoing tensions in the Red Sea may lead to volatility of oil prices amid trade disruptions in the area and elevated shipping, insurance and freight costs.

Household gas consumption in Iran sets fresh record

Domestic gas consumption has hit yet another daily record in Iran amid a cold snap sweeping many parts of the country, said the dispatching director of the National Iranian Gas (NIGC).

Kazakhstan aims to boost oil transportation via TITR to 3mn tonnes in next two year

FSUOGM: Is this the last year of Russian gas transit via Ukraine?

Tajikistan grants just two certificates permitting gasoline imports

UKOG concludes no commercial rates of hydrocarbons present in Turkey’s Pinarova-1 well

Glencore to sell 23.5% stake in Russia's Russneft

Disruptions dent Russia’s gasoline output by 2% in January

Moldova’s separatist Transnistria not willing to share Russian gas

The UK bought almost GBP1.5bn worth of oil from Azerbaijan from October 2022 to September 2023

Trade turnover between Azerbaijan and the UK for the period from October 2022 to September 2023 increased by 20.7%, to approximately GBP1.5bn, the UK Department of Business and Trade said.

Adding Saudi Arabia to the BRICS to create a commodities powerhouse

The potential inclusion of the United Arab Emirates, Iran, and possibly Saudi Arabia into the BRICS group of nations would create a commodities powerhouse that controls the bulk of global oil and gas deposits, analysts at S&P Global suggest.

Azerbaijan increased condensate production by 3.9% in 2023

Gas condensate production in Azerbaijan in 2023 amounted to 5.215mn tonnes, which is 3.9% higher than in 2022, the State Statistics Committee said.

Shell’s LNG output drops 5% in 2023 after unloading Sakhalin-2 project

Oil major Shell reported a 5% fall in its LNG output in 2023 following the sale of its stake in Russia’s Sakhalin-2 project.

TSX-listed Condor Energies secures contract to boost natural gas production and cut emissions in Uzbekistan

Kazakhstan takes over firm responsible for constructing processing facility for Kashagan oil and gas project

Moldova may return to Russian gas if it’s cheap

Russia oil product exports fall by a third due to Ukrainian drone attacks on refineries

Russia is increasingly struggling to maintain the export of oil products after at least half a dozen long-distance Ukrainian drone attacks on refineries caused fires causing temporary halts in production at facilities across western Russia.