Oil

Pakistan Has Lifted Subsidies on Petroleum Products and Tax Relief

From November 1, 2022, Belgrade will not be able to import oil from Russia due to the sixth package of EU sanctions, Serbian President Aleksandar Vucic said.

British Economy Slept 0.3% on Rising Energy Prices

Nord Stream May Cut Gas Supplies to Europe by 22%

Bulgaria is excluded from the European Union embargo on Russian oil imports until the end of 2024.

The Minister of Climate and Environment of Poland, Anna Moscow, called the assertion that "Russian raw materials are always cheap" a myth, TASS reports.

Denmark's largest energy company, Ørsted, said it had not changed its position regarding the refusal to pay for Russian gas in rubles and allowed for the imminent termination of its supplies.

Aleksey Ryabchin, adviser to the head of NJSC Naftogaz of Ukraine, said that 140 Russian gas stations will be transferred to a state-owned company to create a state network of gas stations.

Pipeline oil supplies from Russia may not fall under the embargo of the European Union. It is reported by Reuters.

Germany plans to abandon gas and oil supplied by Russia. However, in this case, the country will depend on the supply of Chinese solar wind power generators.

Bloomberg, citing the analytical firm Kpler, noted that in April the Asian macro-region overtook Europe in terms of oil purchases from Russia.

The sanctions imposed on oil against Russia actually increase Moscow's revenues from the export of this energy carrier, writes columnist Robert Rapier for the Oil Price portal.

The sanctions imposed on oil against Russia actually increase Moscow's revenues from the export of this energy carrier, writes columnist Robert Rapier for the Oil Price portal.

Oil production in Russia in 2022 is expected to reach 480-500 million tons against 524 million tons a year earlier, that is, the indicator will decrease by 5-8%

The European Commission may consider the possibility of building a gas pipeline between the Spanish city of Barcelona and the Italian city of Livorno across the Mediterranean.