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Category: Russia
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Industry News
Fire extinguished at Russia’s Tuapse oil refinery after Ukraine drone strike
A fire at Russia’s Black Sea Tuapse oil refinery has been put out, local officials said on Monday, after a Ukraine drone strike.
EU
EU not fully prepared for next natural gas crisis, says bloc’s auditing body
The European Union is not fully prepared for a future natural gas supply crisis, according to research by the European Court of Auditors.
Industry News
Russia keen to work with Vietnam on energy and security matters, says Putin
Russia is looking to build commercial ties with Vietnam, including projects directly linked to the energy sectors, as Putin looks to Asia.
Industry News
Fire rages for second day at Russian oil depot hit by drones
A fire has been raging at an oil depot in Azov, in Russia’s southern region of Rostov, after an alleged Ukrainian drone attack.
IEA
Russia exceeds OPEC+ May output target, vows to get back in line
Russia has promised to meet its OPEC+ oil production targets in June, after pumping too much oil in May and exceeding the body’s limits.
EU
EU ponders sanctions for Russian shipping giant Sovcomflot
The EU is considering sanctions on Russian shipping giant Sovcomflot, to limit the country’s oil-based revenue as its war with Ukraine rages
Industry News
Russia sees oil and gas revenue rise sharply in January–May
Russia reported oil and gas budget revenues jumped by over 73% in the January-May 2024 period, when compared to the same time last year.
Industry News
Russia sees May oil revenue jump 50% as sanctions lose their impact
Russia’s annual oil proceeds have almost doubled with the nation adapting to international sanctions, and benefiting from higher oil prices
