Source link Ryazan Region and other areas were targeted by Ukrainian UAVs in the early hours of Wednesday Ukrainian UAVs have struck an oil plant in Russia’s Ryazan Region, leaving two people injured and causing a fire at the facility, officials have reported. The incident comes one day after a coordinated raid targeted refineries in […]
Source link Hydrocarbons production will remain relevant for a “very long time,” the Russian president has said The world will continue using oil and gas for a long time despite the focus on renewable energy, Russian President Vladimir Putin has said, adding that jobs in this sector have a secure future. He was speaking at […]
Source link The attack in Oryol caused a fire but no casualties, according to Andrey Klychkov At least one Ukrainian drone has crashed into an oil facility in the western Russian city of Oryol, local Governor Andrey Klychkov confirmed early Tuesday morning. The attack targeted a “fuel and energy complex facility” in the city around […]
Source link A major new oilfield is expected to make Côte d’Ivoire one of the ten biggest producers on the continent A major oilfield has been discovered off the shores of Côte d’Ivoire by Italy’s energy giant Eni in cooperation with state-run Petroci International, Eni announced on Friday. Crude reserves at the site, named Calao, […]
Source link The measure has been proposed in a funding bill unveiled by lawmakers in Washington China could be banned from buying oil from the US Strategic Petroleum Reserve (SPR) under new provisions in budget legislation unveiled by Congress on Sunday, Bloomberg has reported. Lawmakers in Washington are seeking to prevent China from purchasing crude […]
Source link Bulgaria has prematurely waived its exemption from a EU embargo which allowed it to buy crude until the end of 2024 Bulgaria stopped imports of Russian oil from March 1, prematurely discarding its exemption from an EU ban, news outlet Novinite reported on Friday. The Balkan country’s move to completely abandon deliveries of […]
Source link A number of regions have threatened to withhold supplies in what has turned into a standoff with the president Argentina’s key oil-producing provinces have threatened to cut supplies to the rest of the country if President Javier Milei presses ahead with a plan to slash funding and withhold billions in federal tax revenues, […]
Source link Net profits at Rosneft, Russia’s largest oil producer, jumped by 47.2% last year, hitting 1.3 trillion rubles ($14 billion) despite sweeping Western sanctions on Russian oil, the company announced on Monday. Crude oil and gas condensate production reached 193.6 million tons in 2023, Rosneft said, adding that it was working to build up […]
Source link Ukrainian forces have targeted an oil facility in the Russian border region of Kursk with drones, local Governor Roman Starovoyt confirmed early Thursday morning. The enemy attack on the outskirts of the city around 450km south of Moscow targeted a fuel facility, the official announced in a statement. According to preliminary reports the […]
Source link New Delhi reportedly wants to secure a steady supply of crude instead of one-off purchases State oil refiners in India are negotiating long-term agreements for supplies of crude with Russian energy giant Rosneft, Bloomberg reported this week, citing people with knowledge of the matter. According to the report, Indian Oil, Bharat Petroleum, and […]
Source link The energy market is out of balance right now, according to Occidental’s Vicki Hollub The global oil market will face a supply shortage by the end of 2025 as crude reserves are not being replaced fast enough, Vicki Hollub, the CEO of US energy firm Occidental, warned in an interview with CNBC published […]
Source link Indian Oil Minister Hardeep Singh Puri has told RT why his country is confident in cooperating with Moscow on crude imports India has significantly ramped up purchases of Russian crude since the start of the Ukraine conflict and will continue buying as long as prices are favorable, Indian Oil Minister Hardeep Singh Puri […]
Source link Crude will continue to be the main energy source during the transition to renewables, the chairman of a state-owned company has said State-owned energy firm Oil India Limited is interested in joining new oil projects in Russia, a top company official has said. The company is assessing the opportunities and carrying out due […]
Source link Maritime exports or Russian crude oil saw a strong recovery in the week to February 4 after two weeks of disruptions, Bloomberg reported on Tuesday, adding that the flows from the country’s major ports were record-equaling. Weekly average shipments reportedly increased by some 880,000 barrels per day, marking the highest since the beginning […]
Source link Britain has bought over $700 million worth of petroleum products derived from sanctioned oil since 2022, a report has found The UK has been bypassing its own ban on Russian oil by using a “refinery loophole” to import millions of barrels of the sanctioned commodity in the form of fuels processed in third […]