Kazakhstan is considering the construction of a new gas pipeline to transport gas from Russia to China through its territory. This potential project will be pursued if Moscow and Beijing reach an agreement on the matter. “The issue of a new gas pipeline from Russia to China is within the competence of these two countries. If they agree, Kazakhstan is […]
The current five-year gas transit deal between Russia and Ukraine expires on Dec. 31 and Kyiv has repeatedly said it would not engage in talks with Moscow over an agreement extension.
“These Russian attacks on Ukrainian life can be stopped,” he said. “With pressure, sanctions, blocking the occupiers’ access to the components they use to create the tools of this terror, arms packages for Ukraine, and a resolve that must be unwavering.”
In the four weeks to November 17, Russian crude oil exports by sea dipped to 3.28 million barrels per day (bpd), down by 150,000 bpd compared to the previous four-week average to November 10, according to the data reported by Bloomberg’s Julian Lee.
The revenues from oil for the state were also impacted by the government subsidy paid to local refiners.
The ruling by a Finnish court came after Russia failed to pay €4.6bn in compensation to the Naftogaz Group following its occupation of Crimea in 2014.
Russia should use its existing competitive advantages in the form of oil and gas and not succumb to the well-intentioned green agenda. Vyacheslav Volodin, Chairman of the State Duma, made such an appeal, as quoted by Interfax.
BP has scrapped a previous target to reduce its oil and gas production by the end of the decade as the UK-based supermajor is pivoting back to its core hydrocarbons business to lift investor returns, Reuters reported on Monday, citing sources familiar with the plans.
China changed the structure of its oil imports in August, giving preference to supplies eligible for discounts.
Russian oil exports in August 2024 decreased by 290,000 b/d month-over-month (m-o-m) to 7 million b/d, according to analysis from the International Energy Agency (IEA), based on trade data from Kpler and Argus Media. This marks the second consecutive month of decline and the lowest level since March 2021.