Oil
Oil is rising due to easing of quarantine measures in China
Oil prices rose as Chinese government officials plan to ease some of the Covid-19 lockdown measures.
Oil and gas ExxonMobil has completely left the russian market
After seven months of negotiations, the American oil and gas corporation ExxonMobil completely withdrew from russia.
Production at “Sakhalin-1” decreased 22 times
Oil production at russia’s “Sakhalin-1” project has plummeted due to Exxon Mobil’s refusal to accept local tanker insurance.
Germany may lift the ban on gas and oil production on the shelf
The German government may lift the ban on shale gas and oil production in the North and Baltic seas.
Turkey increases oil imports from the russian federation
Turkey significantly increased its oil imports from russia against the backdrop of restrictions on the purchase of russian raw materials by Western countries.
Russia lost 60% of oil sales by sea in Europe
Russia has lost 60% of its raw oil shipping market in Europe after launching a full-scale invasion of Ukraine.
OPEC+ will cut oil production: will it save russia?
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.
Bloody oil: russian federation continues to make money from sea supplies
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.
Russia blocks export of Kazakh oil to Europe
Export of Kazakh oil to Europe was blocked after a storm in the Black Sea, which damaged the oil terminal of the Caspian Pipeline Consortium (CPC) in Novorossiysk.
Oil transshipment near the port of Novorossiysk has been completely stopped
Oil transshipment at the sea terminal of the Caspian Pipeline Consortium near Novorossiysk has been completely stopped.
