Saudi Arabia supplies twice as much oil to the EU countries
In September, Saudi Arabia doubled its supply to European countries that are abandoning russian oil.
In September, Saudi Arabia doubled its supply to European countries that are abandoning russian oil.
Two russian businessmen were arrested in Europe for smuggling Venezuelan oil on a “shadow fleet”.
Oil prices rose as Chinese government officials plan to ease some of the Covid-19 lockdown measures.
After seven months of negotiations, the American oil and gas corporation ExxonMobil completely withdrew from russia.
Oil production at russia’s “Sakhalin-1” project has plummeted due to Exxon Mobil’s refusal to accept local tanker insurance.
The German government may lift the ban on shale gas and oil production in the North and Baltic seas.
Turkey significantly increased its oil imports from russia against the backdrop of restrictions on the purchase of russian raw materials by Western countries.
Russia has lost 60% of its raw oil shipping market in Europe after launching a full-scale invasion of Ukraine.
On Wednesday, October 5, OPEC+ countries agreed to cut oil production to 2 million barrels per day. USM tells how this will affect the West’s plans to impose a “ceiling” on russian oil prices.
In April, russian oil exports recovered, despite the rejection of raw materials by many European buyers. USM tells how now, during the war, russian federation continues to sell oil and who buys bloody raw materials.
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