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Russia
Crude Oil
Oil Demand to Take a Severe Hit if Russia’s War in Ukraine is Prolonged
War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, research by Norway’s energy intel…
Crude Oil
Russia’s Oil Exports Are Plunging Even Without Sanctions
While Western leaders are yet to put any sanctions on Russia’s energy exports, the country’s oil industry is already struggling as international refiners are …
Natural Gas
Russian Gas Via Yamal Pipeline Halts Flows to Germany
Natural gas flows from Russia to Germany via the Yamal pipeline stopped in the westward direction on Thursday, according to data from the Gascade pipeline opera…
Nuclear Power Plant
Europe's Largest Nuclear Power Plant on Fire After Russian Attack
The Zaporizhzhia nuclear power plant in Ukraine, the largest of its kind in Europe, was on fire early on Friday after an attack by Russian troops.
Natural Gas
European Gas Rally Continues with Focus on Sanctions on Russia
European natural gas surged for a fourth day as the market continues to focus on sanctions on Russia in response to its invasion of Ukraine.
United Kingdom
Jump in Energy Prices Leaves Price Cap Predictions at Over £2,900 a Year
Wednesday’s significant rise in the price of wholesale gas has once again sent predictions for the Winter Default Tariff Cap rocketing upwards, with Cornwall I…
United Kingdom
Energy Costs Extremely Volatile After Russia Invades Ukraine
Cornwall Insight’s modelling for the Default Tariff Cap shows extreme volatility in the market, with Winter cap predictions jumping by over £200 from 23 Feb t…
Oil Price
Unmoved by Surging Oil Prices, OPEC+ Delegates Say Another Modest Output Hike on Tap
OPEC and its allies, including Russia, remain on track to approve a 400,000 b/d production hike for April, according to delegates, insisting that no oil supply …
Crude Oil
Russian Urals Differentials Weaken $6.805/b Day on Day to New Record Low
Russian Urals crude has collapsed by $6.805/b day on day, further breaking its lowest ever discount to Brent as the pressure from international sanctions takes …
Oil & Gas Trade
Russia’s Feb Oil Output Rises, Trading Paralysed by Sanctions
Russia’s oil and gas condensate output C-RU-OUT rose in February to 11.06 million barrels per day (bpd), according to Reuters calculations based on an Interfax…
Crude Oil
Russian Oil Firms Move Bank Accounts to Keep Business Running- Sources
Some Russian oil companies have stopped banking with sanctioned lenders including VTB and Sberbank and switched to those that do not face restrictions, includin…
Europe Looks for Alternatives to Russian Energy
As fighting raged across Ukraine over the weekend, western countries moved quickly to disrupt Russia’s links to the global economy.
Oil Price
IEA’s Reserves Release Won’t Stop Oil Prices Rising, Says Goldman
The International Energy Agency (IEA)’s decision to release 60 million barrels from emergency oil reserves is not sufficient to meet the supply shortfall cause…
Oil & Gas Supply
Sanctions on Russian Energy ‘on the Table,’ White House Says
The United States is “very open” to imposing sanctions on Russia’s oil and gas industry, White House spokeswoman Jen Psaki said on Wednesday, adding that it …
Crude Oil
Oil Markets Hit Multiple Records as Russia Sanctions Bite, Disrupt Trade Flows
Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows conf…
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