Tag: Russia

Speakers at the CERAWeek energy conference observed that Europe is set to struggle to build up gas supplies for the next winter as the continent looks to cut itself off from Russian supplies. While Europe still made use this winter of Russian imports that arrived...

Leading banking and financial experts have noted that the current oil market differs significantly from that before Russia's invasion of Ukraine on February 24, 2022. “It is the most significant set of market dislocations and distortions in energy markets generally speaking that I ever recall,”...

U.S. officials and representatives from its allied nations have agreed to convene in March to perform a review in March of the level of the Russian crude price cap. In addition, the participating nations will look to impose price caps on Russian refined fuel...

The Russian rouble gained 2.8% against the U.S. dollar at 68.31 on Monday morning, thereby producing a steep turnaround after incurring its sharpest weekly decline since early July amid fears surrounding the impact of oil and gas sanctions against Russia on revenues. In addition to...

Saudi energy minister Prince Abdulaziz bin Salman stated on Sunday that the effects of European sanctions on Russian crude oil price caps remain to be seen. According to him, the effectiveness of the sanctions' implementation process also remains unclear. Named the Group of 7 price...

The Russian central bank announced on Saturday its decision to ease foreign currency restrictions on the country's banks in an effort to ease the concerns of Russian households regarding the supply of foreign currencies. This move is also aimed at easing pressure on the...