Talks to revive the Nord Stream gas pipelines to relaunch Russian gas flows to #Germany would be "completely the wrong direction" to go, Germany's economy and energy minister said on Monday.
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#China's state-owned oil companies are scaling back purchases of Russian crude due to concerns over U.S. #sanctions, Reuters reported on March 14, citing industry sources.
The Kyiv Independent · Chinese state oil firms cut Russian crude purchases over sanctions fears, Reuters reports"They are taking a break for now while contemplating if there are ways to work around," a source told Reuters.
#Russia has successfully found ways to bypass the $60 price cap on oil set in December 2022 by the G7 countries, earning an extra $53 billion from this strategy in just the first three quarters of 2024.
The InsiderOil’s well that ends well: How Russian oil exports sail past the G7’s price cap — with European helpRussia has successfully found ways to bypass the $60 price cap on oil set in December 2022 by the G7 countries, earning an extra $53 billion from this strategy in just the first three quarters of 2024. Oil is being purchased above the cap by intermediary companies from the UAE and Hong Kong, as well as by national oil companies from India, Turkey, and China. Moreover, as The Insider has discovered, ships leaving Russian oil terminals in the Baltic are being lightened in European waters — despite a ban on importing Russian oil into Europe by sea. European ship owners are also involved in these schemes.
#Russia is using cryptocurrencies in its oil trade with China and India to skirt Western #sanctions, Reuters reports.
Russian and European officials say the US is exploring ways to work with energy giant Gazprom on global projects, a step toward forging closer ties with the Kremlin while trying to broker a peace deal on Ukraine.
Archive: https://archive.is/qXkib
The Kyiv Independent · Russian diesel exports to Africa reportedly plummet amid Ukrainian drone strikes
Crude oil shipment via the Druzhba pipeline has been suspended after an Ukrainian drone attack on a metering station, #Hungary' Foreign Minister Peter Szijjarto said in a Facebook video on Tuesday.
European energy firms have filed lawsuits against Russian energy giant Gazprom totaling 18 billion euros over gas supply cuts, the Moscow Times reported on March 10.
The Kyiv Independent · Russia's Gazprom faces almost $20 billion in lawsuits from European energy firms
European leaders have proposed restarting the flow of Russian pipeline gas as part of a compromise deal designed to prevent #Slovakia from vetoing support for Ukraine.
https://www.politico.eu/article/eu-poised-back-return-russian-gas-slovakia-vetoing-support-ukraine/
POLITICO · EU poised to back return of Russian gas for Slovakia
Russian oil deliveries to the Czech Republic via the Druzhba pipeline have been halted, #Czech news channel CT24 reported on March 4, citing Industry and Trade Minister Lukas Vlcek.
The Kyiv Independent · Russian oil deliveries to Czech Republic via Druzhba pipeline suspended, Czech official says"We control the situation and are prepared for such circumstances. Refineries in the Czech Republic are well prepared, and the state material reserve system is reliable, so I can assure everyone that there are enough oil reserves for both households and businesses," Czech Industry and Trade Minister Lukas Vlcek said.
A former spy and close friend of #Putin has been engineering a restart of #Russia’s Nord Stream 2 gas pipeline to #Europe with the backing of US investors, a once unthinkable move that shows the breadth of #Trump’s rapprochement with Moscow.
https://www.ft.com/content/dc9c51ab-03cb-47ba-ad0a-09c4deed9b50
Archive: https://archive.is/52zCE
Turkish imports of Russian oil have quietly plummeted since harsher #sanctions were imposed earlier this year, the Moscow Times reported on Feb. 27.
https://kyivindependent.com/turkish-imports-of-russian-oil-drop-nearly-fourfold-amid-sanctions/
The Kyiv Independent · Turkish imports of Russian oil drop nearly fourfold after new sanctions
The United States has suspended sanctions for 30 days on Serbian oil company NIS, which is majority owned by Russian companies, President Aleksandar Vucic said on Thursday.
The EU is spending more money on Russian fossil fuels than on financial aid to #Ukraine, a report marking the third anniversary of the invasion has found.
The Guardian · EU spends more on Russian oil and gas than financial aid to Ukraine – report
The European Union will seek more gas from countries including the U.S. to replace Russian supplies, and expand renewable energy faster to cut its overall reliance on the fuel, the EU's energy commissioner has said.
Syzran oil refinery, operated by #Russia's oil giant Rosneft, suspended oil processing on Wednesday due to a fire at the primary unit (CDU-6) following an attack by a Ukrainian drone, Reuters reports.
#Kazakhstan is seeking discussions with #Ukraine after an attack by its drones on Russian territory affected flows through its important crude export conduit.
Archive: https://archive.is/Zsww4
Two explosions took place on the oil tanker Seajewel, moored in the Italian city of Savona on Feb. 18, with the vessel allegedly transporting Russian oil to Europe, Italian publication IVG reported.
The Kyiv Independent · Explosions reported on Russian shadow fleet oil tanker in Italy
Ukrainian drones hit a major oil pipeline in southern #Russia, the operator said Monday, affecting supplies from Kazakhstan.
https://www.barrons.com/news/ukrainian-drones-hit-oil-pipeline-in-southern-russia-fa256b18
Barrons · Ukrainian Drones Hit Oil Pipeline In Southern Russia