Oil

China is reducing gas purchases from Russia due to the end of the heating season, lockdown and geopolitics, ABN reports.

Oil refineries in India have complained about the high cost of Russian oil. Reported by Bloomberg.

Federation Council Speaker Matvienko said that European countries may refuse Russian energy resources, RIA Novosti reports.

Ruble settlements for gas with Minsk minimize the negative impact of sanctions on Belarus.

President of Ukraine Volodymyr Zelensky called on the European Union to set specific deadlines for the complete or partial withdrawal of EU countries from Russia's gas and oil.

Transit of Russian gas through Ukraine to Europe on Tuesday will decrease by more than 20% and will reach the level of the past weekend.

The Danish energy company Ørsted refused to make payments to Gazprom in rubles, Reuters reports with reference to the head of the enterprise, Thomas Thune.

MEPs by a majority vote adopted a resolution calling on the European Union to impose an embargo on the supply of Russian gas, oil, coal and nuclear fuel.

The incident occurred at the Devonport base, located in the city of Plymouth in the southwestern part of England.

German Finance Minister Christian Lindner said he sincerely would like to ban Russian energy imports, but at the moment this is not possible.

The use of US strategic oil reserves is a gesture of desperation, Americanist political scientist Malek Dudakov told Tsargrad.

If the United States fails to replenish the previously unpacked strategic oil reserves, then problems may begin in the country.

Gazprom announced the resumption of gas transportation to China via the Power of Siberia gas pipeline.

Chinese importers of liquefied natural gas (LNG) are planning to purchase this raw material in Russia, as it is sold at a large discount to the market price.

The head of the Austrian company OMV, Alfred Stern, said that Austria is not ready to give up Russian gas.