KMG: Sanctions against Russia do not affect crude oil from Kazakhstan
European Union approved on June 3, 2022, the sixth package of sanctions, which provides for a phased release of crude…
EU: Gas is getting cheaper amid declining worries about Russian supplies
European gas reference prices continued to fall on Friday, heading for the third week in a row, following worries about…
Poland ended Russian gas supply agreement following the ruble payment dispute
Warsaw authorities announced on Monday that they have terminated the agreement with Russia on the supply of natural gas through…
Russian natural gas substitution – scenarios proposed by FEL Romania
The escalation of the Russian-Ukrainian conflict has amplified the effects of the energy crisis and calls for a rethinking of…
Austria will increase its strategic gas reserves by 58% to reduce its dependence on Russia
The Austrian government decided on Wednesday to increase its strategic gas reserves to 58.5% – enough to cover consumption for…
Germany will reduce the authorization procedures for new LNG terminals
Germany is poised to become a force in the liquefied gas market within a year thanks to the rapid approval…
Cutting off Russian gas exports will significantly affect the economies of the EBRD region
A sharp halt in Russian gas exports could cause a recession in the economies of emerging Europe, Central Asia and…
Eastern Europe could receive more EU funding to accept the embargo on Russia
The European Commission is considering offering more money to Eastern European member states to upgrade their oil infrastructure in a…
Engie calls on the EU for clear instructions on the payment of Russian gas
French utility Engie is still paying in euro for Russian gas, according to its contracts, and hopes to receive clear…
EU adjusts plans to sanction Russian oil to persuade reluctant states
The European Commission has proposed a series of changes to its Russian oil embargo in a bid to persuade reluctant…
Romania supports the embargo on Russia, some CEE states have objections
Representatives of the EU states did not reach an agreement on Wednesday on an embargo on oil and petroleum products…
AEI: It’s hard to believe that Russia will cut off the gas
Gas prices in Romania, traded on the Romanian Commodity Exchange (BRM) have a level comparable to those in Europe, on…
Gas prices have risen as the EU looks at new sanctions against Russia
Reference prices for natural gas in Europe rose by 7% on Monday morning amid growing fears about gas supplies due…
The war on natural gas and oil dependence
Europe and the United States are part of the war in Ukraine, through the military, logistical and intelligence support they…
EU Commissioner for Economy: If Russia cuts off gas supplies, we are ready to face the decision
The payment of Russian gas in rubles means a breach of existing contracts, and if Russia decides to suspend deliveries,…
OMV still intends to pay in euro for gas purchased from Russia
OMV CEO Alfred Stern announced on Wednesday that the Austrian group will continue to pay in euro for gas purchased…
Traders: There will be problems with the supply of petrol and diesel due to the war
Energy and commodity markets are in shock after Russia’s invasion of Ukraine, leading trading companies warned, warning that there could…
EU splits on Russian oil and gas ban
In Romania, neither the government nor President Iohannis have spoken about a ban on Russian energy. However, they are nevertheless…
US announces ban on oil imports from Russia
US President Joe Biden has announced a ban on imports of oil and energy from Russia in response to the…
Russia warns that a barrel of oil could exceed $300 in the event of a joint embargo
Oil prices could rise to more than $300 a barrel if the United States and the European Union ban oil…
OMV joins large energy companies and withdraws from Russia
The Austrian group OMV announced on Saturday that it is withdrawing from Russia, being the latest energy company to make…
Blinken says US is working with European allies to look at ‘prospect’ of banning Russian oil imports
UPDATE WTI crude futures jumped to their highest levels since 2008 early on Monday, amid the risk of a Western…
AFP: Russian oil giant Lukoil calls for halt to Ukraine armed conflict
Russian oil giant Lukoil on Thursday called for an immediate halt to fighting in Ukraine, one of the first major…