Oil

Moscow will stop exporting oil to the world market if the Western price cap on Russian crude makes it unprofitable, the deputy PM says

Bloomberg: Restrictions on Oil Prices from Russia Will Not Work Soon

OPEC+ ministers have decided to confirm the previously prepared plan on increasing oil production quotas.

The President of Sri Lanka offered his Russian counterpart to cooperate in oil purchases.

Media: Russia Kept its Lead as Turkey's Top Oil Supplier in April

The leaders of the G7 countries agreed to study the possibility of introducing a complete ban on services for the transportation of crude oil and petroleum products from Russia.

The Ministry of Energy and Mining of Ecuador warns that oil production in Ecuador could be halted in two days due to protests in the country.

German Chancellor Olaf Scholz said that no one in the EU believes in Gazprom's version of the technical reasons for the reduction in gas supplies via Nord Stream 1.

The German Ministry of Finance plans to nationalize the Nord Stream 2 section passing through Germany.

The Minister of Economy and Climate Protection, German Vice-Chancellor Robert Habeck said that in the event of a shortage of gas, a number of industries will have to stop working.

Britain has significantly reduced the volume of gas and oil imports from Russia, said the Minister for Business, Energy and Industrial Strategy of the Kingdom of Kwazi Kwarteng.

The Financial Times doubted the validity of the annual scheduled maintenance of the Nord Stream.

Russia in the coming weeks may suspend the supply of gas and oil to the Czech Republic. This was stated by the Prime Minister of the Czech Republic Petr Fiala, TASS reports.

FAZ: Germany to Declare a State of Emergency over Gas Supplies on July 8

Biden: U.S. Needs to Refine More Oil