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2 days ago · Russia's most troubled oil refineries are at risk shutting down, people familiar with the matter told Reuters. The closures could happen as soon as early next year, one source said. At least three ...
Apr 12, 2020 · The plan by OPEC, Russia and other allied producers in a group known as OPEC Plus will slash 9.7 million barrels a day in May and June, or close to 10 percent of the world’s output.
- Greater State Involvement
- Russia-China Asymmetric Relations Will Intensify
- Long-Term Perspectives
To shield its strategic industry, the Russian government proposed a number of measures. It exempted oil companies from any fines for their inability to maintain production targets. Larger oilfield services companies could be included in the list of systemically important companies, making them eligible for state support. Since 2016, the list also c...
The COVID-19 pandemic will accelerate Russia’s dependence on China’s energy demand and financial support. As one of the first countries to emerge from the lockdown, China’s recovery will be crucial for Moscow to offset its budget losses and to finance its ambitious projects. With India in lockdown potentially until September, China remains the only...
In the long term, the pandemic will have repercussions for hydrocarbon-dependent economies. Decarbonization strategies and climate change policies are getting more urgent in Russia’s key export markets. Governments and companies started altering their strategies by divesting from the fossil fuel sector. The EU Green Deal seeks to increase the share...
Jun 26, 2022 · The national average price of gasoline surpassed $5 a gallon for the first time ever this month. Prices have edged down by a few cents in recent days, but remain elevated. Exacerbating these high ...
- Brittany Cronin
Mar 20, 2024 · 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 ...
Russian oil refining capacity, which was shut down in the first quarter due to attacks by Ukrainian drones on at least seven refineries, is about 4.6 million tons (370 thousand barrels per day ...
Nov 11, 2020 · - Exxon Mobil Corp is urging the Australian government to start releasing aid to the country's oil refineries by January after a decision by BP early in November to shut the nation's biggest refinery.
