US oil industry struggling with freezing temperatures – Reuters — RT Business News

US oil industry struggling with freezing temperatures – Reuters — RT Business News

Source link An Arctic storm has reportedly affected the operations of multiple refineries from North Dakota to Texas A severe winter storm shut a US Gulf Coast refinery in Texas on Tuesday, caused a glitch at some other petroleum plants, and halved North Dakota oil production, Reuters reported on Wednesday. People familiar with TotalEnergies’ operations […]

Purchasing Russian oil was ‘pragmatic decision’ – New Delhi — RT India

Purchasing Russian oil was ‘pragmatic decision’ – New Delhi — RT India

Source link New Delhi took a “pragmatic” decision to scale up purchases of Russian oil, despite sweeping sanctions on Moscow by the West, and the results of the decision “are for everyone to see,” India’s Petroleum and Natural Gas Minister Hardeep Singh Puri said at the World Economic Forum’s annual meeting in Davos on Tuesday. […]

Will the latest Middle East crisis impact oil markets? — RT Business News

Will the latest Middle East crisis impact oil markets? — RT Business News

Source link The upward moves in crude prices have so far shown no signs of panic-buying, although investors remain on edge Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews Last week’s airstrikes in Yemen by the US and UK are prompting concerns about […]

Russia’s oil industry resilient to Western sanctions – Bloomberg — RT Business News

Russia’s oil industry resilient to Western sanctions – Bloomberg — RT Business News

Source link Production drilling still managed to reach the highest level in a decade last year, data shows Russian oil companies were on track for record drilling at their oil fields last year and showed no signs of harm from sanctions or the departure of some Western oil-field service providers, Bloomberg reported on Wednesday. From […]

US buying Russian oil despite import ban – media — RT Business News

US buying Russian oil despite import ban – media — RT Business News

Source link In November alone, Washington reportedly purchased nearly 10,000 barrels of sanctioned crude The US has continued to buy Russian oil despite being a staunch proponent of anti-Russia sanctions its own ban from early 2022 on energy imports from the country, news outlet RBK reported on Thursday, citing data from America’s foreign trade statistics […]

Ukrainian drones crash into Russian oil facility – authorities — RT Russia & Former Soviet Union

Ukrainian drones crash into Russian oil facility – authorities — RT Russia & Former Soviet Union

Source link The attack in Oryol caused a fire which has since been contained, Governor Andrey Klychkov has said Two Ukrainian drones have crashed into an oil facility in the western Russian city of Oryol, causing a fire and injuring three people, local Governor Andrey Klychkov has said. The “enemy” attack on the city around […]

Major oil producing country to cut imports of petroleum products — RT Business News

Major oil producing country to cut imports of petroleum products — RT Business News

Source link Iraq is planning to halt imports of petroleum products as soon as in 2024 after launching a number of oil refineries, which were stalled during decades of military conflict, according to Oil Ministry spokesman Asim Jihad, as cited by RIA Novosti. The Middle Eastern nation has been purchasing oil products, such as reformulated […]

Russia remains key oil and gas supplier to NATO state – media — RT Business News

Russia remains key oil and gas supplier to NATO state – media — RT Business News

Source link Russia’s share of Türkiye’s energy imports neared 60% in 2023, according to Hurriyet Russia maintained its position as the top oil and gas supplier to Türkiye in 2023, the Hurriyet newspaper reported on Saturday, citing data from Ankara’s Energy Market Regulatory Authority. In October, the share of Russian gas in Türkiye’s imports reportedly […]