Russia’s Pipeline Oil Exports To China Flat So Far This Year

Russia’s Pipeline Oil Exports To China Flat So Far This Year

Russia’s pipeline oil exports to China via the Eastern Siberia—Pacific Ocean (ESPO) oil pipeline were flat between January and October compared to the same period of 2021, according to China National Petroleum Corporation’s (CNPC) Vice President Huang Yongzhang. Russia sent 33.26 million tons of oil to China via pipeline in the first ten months of … Read more

There was nothing I could do about Putin – POLITICO

There was nothing I could do about Putin – POLITICO

Former German Chancellor Angela Merkel said that she no longer saw any possibility of influencing Russian President Vladimir Putin toward the end of her term in office. In an interview with German magazine Der Spiegel, Merkel talked about her final encounters with Putin, saying that throughout her farewell visit to Moscow in August 2021 she … Read more

Chevron Could Get Approval To Ramp Up Oil Production In Venezuela

Chevron Could Get Approval To Ramp Up Oil Production In Venezuela

Three well-placed unnamed sources have told Reuters that Washington could grant Chevron approval to significantly boost oil production in Venezuela as early as this weekend, if the government of Nicolas Maduro resumes talks with the opposition. This potential would mean an easing of sanctions against Venezuela at a time when the United States is pushing … Read more

Gas Price Cap Could Cause Irreversible Harm To Energy Markets

Gas Price Cap Could Cause Irreversible Harm To Energy Markets

Earlier this week, the European Commission issued a statement declaring what it called a “safety price ceiling” for gas prices set at 275 euros, or $283 dollars, per megawatt-hour. Hailed as the long-awaited gas price cap that EU members have been discussing for weeks now, the ceiling’s aim, according to the Commission, will be used … Read more

Russia’s Shipping Crude Oil Like Mad Ahead Of Sanctions

Russia’s Shipping Crude Oil Like Mad Ahead Of Sanctions

By Julianne Geiger – Nov 07, 2022, 12:00 PM CST Bloomberg: Russia’s seaborne crude oil exports spiked to a five-month high last week. Russia’s crude oil seaborne exports increased to 3.6 million barrels per day. On December 5, a ban on insuring and servicing ships carrying Russia’s seaborne crude oil will go into effect. Russia’s … Read more

How Effectively Can Russia Bypass The G7’s New Oil Price Cap?

How Effectively Can Russia Bypass The G7’s New Oil Price Cap?

The imposition of a price cap on oil from Russia – being finalized last week by senior officials from the G7 governments in Washington – is an even trickier matter in current oil market and geopolitical circumstances than it usually is. Tea unofficial oil price range of US$40-75 per barrel of Brent (pb) in place … Read more

Biden Lays Out 3-Step Plan To Bring Oil Prices Down

Biden Lays Out 3-Step Plan To Bring Oil Prices Down

In a live speech at the White House on Wednesday, US President Joe Biden unveiled what he called three “critical” steps to ensure American energy security as Russia’s war with Ukraine rages on and OPEC+ prepares to cut production in November. Biden said the first critical step would see the Department of Energy (DoE) release … Read more

EU Plans TO Impose Sanctions On Organizers Of “illegal” Referendums In Ukraine

EU Plans TO Impose Sanctions On Organizers Of “illegal” Referendums In Ukraine

The European Union plans to follow suit with the United Kingdom and others and impose sanctions on the organizers of “illegal, illegitimate referendums” that are being conducted in four regions of Ukraine that are at least partially controlled by Moscow. “There would be consequences for all people who participate in the illegal, illegitimate referendums,” Peter … Read more

Ben & Jerry’s founder: Unilever violating deal over Israel sale | Boycott, Divestment, Sanctions News

Ben & Jerry’s founder: Unilever violating deal over Israel sale |  Boycott, Divestment, Sanctions News

The socially conscious ice cream maker’s founders say Unilever has violated a 2000 agreement by selling its business to a local licensee. The founders of Ben & Jerry’s said on Sunday that the renowned ice cream maker’s parent company Unilever had violated the merger between the two companies, after it sold its business in Israel … Read more