CARACAS, VENEZUELA (Carlos A. Rossi, Energy Analytics Institute, 5.Mar.2025) — A crucial point behind Europe’s motivation to support Ukraine’s president Volodymyr Zelenski is simply to not be left behind and ignored in any oil derivative deal certain to come out of any peace negotiation between the US and Russia. Europe understands […]
Category: Russia
Russian news
CERAWeek by S&P Global: Houston, 10-14 Mar. 2025
HOUSTON, TEXAS (S&P Global, 10.Feb.2025) — The 43rd annual gathering of CERAWeek by S&P Global—the world’s preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, 10-14 Mar. 2025 in Houston. CERAWeek 2025: Moving Ahead: Energy strategies for […]
LatAm NRG Heard: US Sanctions PDVSA Head, Milei’s Popularity, BP Shuts Azerbaijan Platform
(Editors at Energy Analytics Institute, 10.Jan.2025) — LatAm and other NRG highlights, headlines and “heard on the street,” for the week ended 10 Jan. 2025. —Argentina: Vaca Muerta oil and gas production continues to rise spurring hopes of continued oil and gas exports and soon year round LNG exports —Argentina: […]
Incremental LNG Demand Moved from Europe to Asia
(Energy Analytics Institute, 11.Dec.2024) — Incremental demand to-date in 2024 for LNG has moved from Europe to Asia, according to recent data from Kpler. Of the total year-to-date LNG trade of 376 million tons (Mt) between Jan.-Nov. 2024, the top importing countries are JKT (Japan, South Korea and Taiwan) with […]
Maduro Proposes New Economy at BRICS Plus Summit
(Energy Analytics Institute, 23.Oct.2024) — During the plenary session of the XVI BRICS Plus Summit held in the Russian city of Kazan, Venezuela’s President Nicolás Maduro Moros emphasized the need for a new economic agenda with what he called practical solutions to the issues of international trade and monetary exchange. […]
Maduro and Putin Discuss Strategic Alliances during BRICS Summit
(Energy Analytics Institute, 23.Oct.2024) — Venezuela’s President Nicolás Maduro held at least one meeting with his Russian counterpart Vladimir Putin within the framework of the XVI BRICS summit, taking place in Kazan, Russia. Discussions between the two leaders revolved around strategic relations between Caracas and Moscow and efforts to continue […]
Saudi Arabia Eyes Boosting Production by 1 MMb/d
(Energy Analytics Institute, 4.Oct.2024) — Saudi Arabia looks to add around 1 MMb/d of production over the next 12-15 months to reach close to 10 MMb/d by the end of 2025, according to a recent Opec report. The production increase is part of a plan by the Kingdom to stop ceding […]
Saudi Arabia Signals Oil Policy Shift
(The Washington Institute, 27.Sep.2024) — The kingdom anticipates and accepts lower oil prices, according to a news report, but the impact on other producers could be comparatively damaging. On September 26, an exclusive in the Financial Times indicated that Saudi Arabia is ready to abandon its unofficial oil price target of $100 […]
Keeping the LNG Bandwagon Rolling
(Wood Mackenzie, 12.Sep.2024) — The LNG industry is on a roll. The ‘club’ continues to grow as new buyers swell the ranks. LNG commoditisation is increasing market liquidity, supported by a growing number of traders, hedge funds and NOCs. What’s more, capital remains available for new supply projects and import infrastructure. […]
Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman Extend Cuts
(Opec, 5.Sep.2024) — The OPEC+ countries, which previously announced additional voluntary cuts in Apr. and Nov. 2023, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, held a virtual meeting on 5 Sep. 2024, during which the eight member countries emphasized their collective resolve to […]
Scientists: Epoch Marked by human impact — the Anthropocene — Began in 1950s
(AP, 11.Jul.2024) — From climate change to species loss and pollution, humans have etched their impact on the Earth with such strength and permanence since the middle of the 20th century that a special team of scientists says a new geologic epoch began then. Called the Anthropocene — and derived […]
IGU Releases 2024 World LNG Report
(IGU, 26.Jun.2024) — Despite lower price, the growing global LNG market stays tight amid supply constraints, according to the 2024 IGU World LNG Report. Released today, the IGU’s 15th annual World LNG Report finds that global LNG trade grew by 2.1% in 2023, surpassing 401 million tonnes (MT). This global […]
Uranium Energy on Bill to Ban Russian Uranium Imports
(Uranium Energy, 1.May.2024) — Uranium Energy Corp (NYSE American: UEC) applauds last night’s vote by the United States Senate for passing H.R. 1042, a bill to ban Russian uranium imports into the United States, by unanimous consent. The House of Representatives passed the bill in December 2023. Senator Barrasso of Wyoming stated: […]
CERAWeek 2024 Boasts Delegate Attendance of 8,100+
(Energy Analytics Institute, 22.Mar.2024) — The CERAWeek by S&P Global, held 18-22 Mar. 2024 in Houston, Texas, boasted in attendance 8,100+ delegates (9,400+ when counting staff, vendors etc), a record compared to the prior record of 7,200+ delegates at CERAWeek 2023. CERAWeek counted on 1,400 speakers and tons of S&P […]
S&P Global Releases its 2024 Energy Outlook
(S&P Global, 14.Dec.2023) — Analysts at S&P Global Commodity Insights, an independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities, energy and energy transition markets, today released their latest 2024 energy outlook. OVERVIEW After years of turbulence, global markets are still striving to find sustainable […]
![The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2020/09/Venezuela-requests-the-extradition-of-former-PDVSA-president-Rafael-Ramirez.jpg)
The Lifting of Sanctions and the Oil Collapse of Venezuela [PDF Download]
(Rafael Ramírez, 16.Nov.2023) — On 18 Oct., the US Office of Foreign Assets Control (OFAC)[1] issued Licenses 43 and 44,[2] lifting the sanctions on the Venezuelan oil and mining sector that had been in place since Jan. 2019. The OFAC measure is of a temporary nature, for a period of six months, subject to compliance […]
![IGU 2023 World LNG Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/07/igu-2023-rpt-cover.png)
IGU 2023 World LNG Report [PDF Download]
(IGU, 20.Jul.2023) — The International Gas Union (IGU) presented its 14th annual edition of the IGU World LNG report. ____________________
PDV Holding Recovers Citgo Stock Certificate
(PDV Holding, 26.Jun.2023) — PDV Holding, Inc. successfully recovered a stock certificate representing 49.9% of the outstanding shares of stock in its subsidiary CITGO Holding Inc. from an arm of Russian-controlled oil company Rosneft on Wednesday, 21 June 2023. This event brings to a close years of effort to recover […]
Cuban Officials Return from Russia with Promises of Oil
(Reuters, 20.Jun.2023) — A delegation of high-level Cuban officials wrapped up an extended visit to Russia, according to state-run media reports on Tuesday, following up on the nearly 30 trade agreements signed between the allies in Havana in May. Longtime political allies Cuba and Russia – both subject to U.S. […]
![OFAC on Possible Evasion of Russian Oil Price Cap [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2021/06/BCS-Blog-What-is-the-OFAC.jpg)
OFAC on Possible Evasion of Russian Oil Price Cap [PDF Download]
(OFAC, 17.Apr.2023) — The Office of Foreign Assets Control (OFAC) is issuing this alert to warn US persons about possible evasion of the price cap on crude oil of Russian Federation origin (Russian oil), particularly involving oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports on the […]
![Global Gas Flaring Tracker Report [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/04/us-flaring-2023-source-the-world-bank.png)
Global Gas Flaring Tracker Report [PDF Download]
(The World Bank, 31.Mar.2023) — After a decade of little progress, global gas flaring volumes fell by around 3% in 2022. However, despite this welcome reduction, greater and sustained efforts are needed to end this wasteful and polluting practice. The growing sense of urgency in tackling global gas flaring is […]
Gas Contracts Central to Nord Stream Pipeline Mystery
(WoodMac, 24.Feb.2023) — Responsibility for the attack last September remains unknown. It could be crucial for multi-billion dollar arbitration claims. “A wise man,” wrote the Scottish philosopher David Hume, “proportions his belief to the evidence.” Hume was one of history’s greatest sceptics, who argued that beliefs should always be based […]
How the Russia-Ukraine War is Changing Energy Markets
(WoodMac, 23.Feb.2023) — Ukraine’s battle is existential. The country has suffered a year of lost lives, its people forced to live each day in perpetual fear and witness the destruction of homes, communities and infrastructure. Millions have fled the country. Russia’s war has had a huge impact outside Ukraine, too, […]
Wintershall Dea Confirms It Will Leave Russia
(Wintershall Dea, 17.Jan.2023) — The Wintershall Dea Supervisory Board approved a principle decision by the Management Board to exit Russia. As a consequence, Wintershall Dea intends to fully exit Russia in an orderly manner complying with all applicable laws and regulations. Highlights: Wintershall Dea to deconsolidate Russian segment from financial […]
Wintershall Dea to Exit Russia
(Energy Analytics Institute, 17.Jan.2023) — Wintershall Dea will exit Russia. Wintershall Dea’s supervisory board approved a principle decision by the management board. As a consequence, Wintershall Dea intends to fully leave Russia in an orderly manner complying with all applicable laws and regulations, the company announced 17 Jan.uary2023 on LinkedIn. […]
UK on Imports of Fossil Fuels from Russia
(UK Parliament, 16.Jan.2023) — The UK imported no coal or gas from Russia in November 2022. The total value of UK fossil fuel imports from Russia has fallen since Russia launched its full-scale invasion of Ukraine in 2022. It was £2.98 billion in the year to November 2022. Russia’s 2022 […]
Oil Price Cap Chips Away at Russia’s Revenue
(Canada’s National Observer, 12.Jan.2023) — A price cap and European Union embargo on most Russian oil have cut into Moscow’s revenue from fossil fuels, but the Kremlin is still earning substantial cash to fund its action in Ukraine because the $60-per-barrel cap was “too lenient,” researchers said Wednesday. The combination of the […]
The Price of Energy Insecurity
(IMF, 22.Dec.2022) — Climate change is an environmental issue. It’s also clearly an economic issue, and at the heart of the economics of climate change is energy security. The ripple effects of climate change and the impacts of energy security washed across the global economy throughout 2022, leaving few safe […]
Shunned Over War, Russians Holiday on Venezuelan Resort Island
(Agence France-Presse, 6.Dec.2022) — Venezuela: Shuttled between tourist spots, posing for pictures on beautiful beaches, and dancing awkwardly to merengue: Russian tourists have found a friendly holiday destination on a Venezuelan island far from the motherland and its war with Ukraine. Isla de Margarita is a tropical gem with white-sand […]
Secretary of the Treasury on Announcement of Russian Price Cap
(US Treasury Department, 2.Dec.2022) — Secretary of the Treasury Janet L. Yellen released the following statement following the announcement of the price cap. “Together, the G7, European Union, and Australia have now jointly set a cap on the price of seaborne Russian oil that will help us achieve our goal […]
Limiting Kremlin Revenues with a Price Cap on Russian Oil
(US Treasury Department, 2.Dec.2022) — Following agreement by the 27 Member States of the European Union (EU), the members of the G7 (the United States, Canada, France, Germany, Italy, Japan, and United Kingdom) and Australia (collectively, the “Price Cap Coalition”) are joining the EU in adopting a price cap of […]
UK and Allies Reveal Price Cap of $60/bbl on Russian Oil
(HM Treasury, 2.Dec.2022) — The UK, in partnership with the G7 countries, Australia and the European Union, have today agreed to set the price cap on Russian crude oil traded by firms shipping oil to third countries at $60. This price will be kept under review. The UK and its […]
Who’s to Blame for Exorbitant Natural Gas Prices in Europe?
(Baker Institute, 26.Oct.2022) — Prices of natural gas in Europe have skyrocketed to levels scarcely seen before 2021. European governments, especially those soon up for reelection, are understandably concerned about the future. That future is undermined by the economic hardship being caused by high energy prices. Not surprisingly, there is […]
US Senators Want Secondary Sanctions on Russian Oil
(ArabNews, 21.Sep.2022) — Democratic and Republican senators on Tuesday proposed that US President Joe Biden’s administration use secondary sanctions on international banks to strengthen a price cap the Group of Seven countries plan to impose on Russian oil over Moscow’s invasion of Ukraine. Democratic Senator Chris Van Hollen and Republican […]
TotalEnergies to Divest 49% Interest in Russian Termokarstovoye Gas Field
(TotalEnergies, 26.Aug.2022) — On 22 March 2022, TotalEnergies publicly shared its principles of conduct for its Russian related business. TotalEnergies reiterated its firmest condemnation of Russia’s military aggression against Ukraine and stated that it would ensure strict compliance with current and future European sanctions, no matter what the consequences on […]
Putin’s Oil War with the West Comes at His Allies’ Expense
(The New York Times, 12.Jul.2022) — Russia’s use of energy as a weapon in its standoff with the West is redrawing the geopolitical map, but it could strain ties with allies like Iran and Venezuela. As Russia pushes to find new buyers for its oil to skirt ever tougher Western […]
US Can Offer ‘Comfort Letters’ to Help Russia Grain, Fertilizer Exports
(Reuters, 31.May.2022) — The United States is prepared to give “comfort letters” to shipping and insurance companies to help facilitate exports of Russian grain and fertilizer, U.S. Ambassador to the United Nations, Linda Thomas-Greenfield, said on Tuesday. She noted that Russian grain and fertilizer were not under U.S. sanctions but […]
Equinor Exits all JVs in Russia
(Equinor, 25.May.2022) — On 27 February 2022, Equinor decided to start the process of exiting the company’s joint ventures in Russia. Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of $1.08bn on the balance sheet as […]
NRGBriefs: Exxon Exits Sakhalin-1; LyondellBasell On Seasonal Demand
(Energy Analytics Institute, 29.Apr.2022) — Energy briefs including Exxon discontinuing operations at the Sakhalin-1 venture; and LyondellBasell Industries (NYSE: LYB) expecting typical improvements in summer seasonal demand will extend market strength for its products. LATIN AMERICA AND THE CARIBBEAN Guyana — Eco Atlantic Oil & Gas “is proud of the role […]
How the Energy Transition can Reduce the Risk of Future Shocks
(WoodMac, 21.Apr.2022) — The crisis caused by Russia’s invasion of Ukraine has highlighted the challenges for energy supplies as the world moves to tackle the threat of climate change. The uptake of low-carbon technologies can help address problems of energy security and affordability, and strengthen resilience to shocks in the […]
Russia Emerges as World’s Most Sanctioned Country
(Energy Analytics Institute, 12.Apr.2022) — Russia is now the most sanctioned country in the world, after recently surpassing Iran, according to details released by Caracas-based consultancy Ecoanalitica. “Russia is the most sanctioned nation in the world, with much of its banking system frozen or kicked out of the global financial […]
Russia-Ukraine War Could Slow Global Economic Growth to 2.5% This Year
(WoodMac, 12.Apr.2022) — Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). The company has produced a downside scenario for the global economy assuming large spill-over effects from the Russia-Ukraine conflict through transmission […]
NRGBriefs: EP PetroEcuador Lays Out Production Plans 2022-26
(Energy Analytics Institute, 10.Mar.2022) — Energy briefs including Ecuador’s state-owned EP PetroEcuador laying out plans for investments of $12bn to almost double production to 804,323 boe/d by2026; Venezuela’s VP Delcy Rodriguez traveling to participate in meeting w/ Russia’s Foreign Minister Sergey Lavrov to “reaffirm friendship bonds and deepen strategic cooperation; […]
White House Pressed on Potential Oil Deals with Saudi Arabia, Venezuela and Iran
(Politico, 7.Mar.2022) — The White House on Monday pushed back on concerns about the Biden administration’s willingness to cut deals with countries like Saudi Arabia, Iran and Venezuela as it looks for ways to blunt skyrocketing fuel prices in the United States. White House press secretary Jen Psaki faced multiple […]
Ukraine War Could Wipe Out 1 MMb/d of Regional Demand
(Rystad, 2.Mar.2022) — War in Ukraine could result in as much as 1 million barrels per day (bpd) of oil demand being removed from the global market, Rystad Energy research shows. The human and material costs of the conflict have been catastrophic just seven days into the military operation. Russia […]
NRGBriefs: Venezuela’s Nicolás Maduro Chats with Russia’s Vladimir Putin
(Energy Analytics Institute, 1.Mar.2022) — Energy briefs including Venezuela’s President Nicolás Maduro chatting over the telephone with his Russian counterpart Vladimir Putin; Invenergy naming Mary King as Executive VP People & Culture; AmCham Guyana hosts a local content forum; PEMEX reporting a rise in oil and condensate production in 2021 vs […]
NRGBriefs: Japan to Support Removing Key Russian Banks from SWIFT
(Energy Analytics Institute, 28.Feb.2022) — Energy briefs including NextEra Energy, Inc. (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) announcing that members of the senior management team will participate in various investor meetings throughout March; the Deputy Secretary of the Treasury Wally Adeyemo speaking with Japan Finance Vice Minister Masato Kanda […]
Exxon Faces New Pressure Over Dealings with Russia’s Rosneft
(Reuters, 27.Feb.2022) — Exxon Mobil XOM.N likely will face new pressure to severe ties with Russia’s largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake. Russia’s attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms […]
Global Markets Count Cost of Russian Invasion in Ukraine
(WoodMac, 25.Feb.2022) — The impact of Russia’s invasion of Ukraine rattled global markets. There will be lasting implications for commodities, energy policy and the energy transition, experts from global natural resources consultancy, a Verisk business (Nasdaq: VRSK) said. The world’s dependence on Russia for certain commodities cannot be overstated ‒ from gas, […]
US Imposes Sanctions on Russian President Vladimir Putin
(U.S. Department of the Treasury, 25.Feb.2022) — Today, the United States, in coordination with allies and partners, continued to forcefully respond to Russia’s unjustified, unprovoked, and premediated invasion of Ukraine by imposing sanctions on President of the Russian Federation Vladimir Putin and the Minister of Foreign Affairs, Sergei Lavrov, as […]
![The Energy Crunch: HSBC Global Research [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2022/02/61a6fe19c034a.jpg)
The Energy Crunch: HSBC Global Research [PDF Download]
(Energy Analytics Institute, 4.Feb.2022) — “Here we go again. With inflation currently at multi-decade highs and uncertainty surrounding the inflation outlook already unprecedented, the last thing the recovering global economy needs is another leg higher in energy prices,” HSBC Global Research executives wrote 4 February 2022 in a research report […]
US Still Shows Strong Appetite For Russian Oil
(S&P Global, 3.Aug.2021) — The US is still showing strong demand for imports of Russian crude and fuel oil feedstocks, which analysts expect to continue as long as the economy is recovering and US sanctions keep Venezuelan crude off the market. The trend comes at a tricky time in US-Russia […]
TotalEnergies Partners With Novatek On LNG Decarbonization
(TotalEnergies, 3.Jun.2021) — TotalEnergies and Novatek signed a Memorandum of Understanding (MoU) to jointly work on sustainable reductions of the CO₂ emission resulting from the production of liquefied natural gas (LNG) including with the use of renewable power, to develop large-scale carbon capture and storage solutions (CCS) and to explore […]
Rosneft And BP Complete TNK-BP PSA
(BP, 20.Mar.2013) — Rosneft and BP completed a number of transactions, in line with the terms announced in October 2012. As a result of the transactions: BP receives net $12.48bn in cash, including a TNK-BP dividend of $0.71bn, and 18.5% Rosneft shares; Rosneft becomes holder of BP’s 50% interest in […]