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Goldman Sachs is warning of potential upside risks to oil prices following U.S. sanctions on Russia's energy sector, with Brent crude already approaching $80 per barrel and the possibility of ...
The U.S. Treasury imposed sanctions on Gazprom Neft and Surgutneftegas, which explore for, produce and sell oil as well as 183 vessels that have shipped Russian oil, many of which are in the so ...
Russia halted gas flows on 11 July for annual maintenance for 10 days and resumed flows on 21 July. [3] Russia stopped gas flows on 2 September for maintenance for three days, but has failed to resume flows since then. [4] The Russia–EU gas dispute flared up in March 2022 following the invasion of Ukraine on 24 February 2022.
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
As part of the sanctions imposed on the Russian Federation as a result of the Russo-Ukrainian War, on September 2, 2022, finance ministers of the G7 group of nations agreed to cap the price of Russian oil and petroleum products in an effort intended to reduce Russia's ability to finance its war on Ukraine while at the same time hoping to curb further increases to the 2021–2022 inflation surge.
Russia’s success at stabilising its economy in the face of Western sanctions is in large part thanks to its oil industry. The talks, while influenced by the war in Ukraine, are also meant to ...
Country Analysis: Russia's Oil and Natural Gas. "Major Russian Companies: Some Details" (1995–1996), Joint Project by Expert Magazine and Menatep Bank, undated. "Russia's oil renaissance", BBC, 24 June 2002. History of Oil in Russia, Sibneft, 2003. "The Oil and Gas Industry": 1999–2000 and 2000–2004, Kommersant, 23 October 2001 and 17 May ...
Russian oil refining capacity shut down in the wake of Ukrainian drone attacks in the first quarter amounts to about 4.6 million tons (370,500 barrels per day), or some 7% of the total, Reuters ...