Russia News

 

US Working with Allies Over Sanctions on Russian Arctic LNG Project

Nov 08, 2023

The Biden administration is working closely with partner countries over sanctions on a Russian liquefied natural gas project in the Arctic as a January deadline looms on a wind down of transactions with the plant, a State Department spokesperson said on Wednesday.The U.S. imposed sanctions last week on the Arctic LNG-2 project in Russia as part of wide-ranging measures to punish Moscow for the war in Ukraine…

Russian Oil Facilities Hit by Drone Attacks, Fires

Jan 29, 2024

Russia energy infrastructure has been hit by drone attacks and fires in the past month, adding to uncertainty in global oil and gas markets already rocked by the conflict in the Middle East.Russia and Ukraine have targeted each other's energy…

Russia Eases Harsh Weather Restrictions to Boost Oil Exports

Jan 29, 2024

Russian ports are operating during more severe storms and easing restrictions for non ice-class vessels during winter, traders said and regulations showed, in an attempt to boost exports following disruptions from Western sanctions and harsh weather…

Russia Considers Gasoline Export Ban

Jan 15, 2024

The Russian government is considering a ban on gasoline exports after an incident at Lukoil's NORSI oil refinery in Nizhny Novgorod, Interfax news agency reported on Monday, citing sources.The refinery may halve high-octane gasoline output after an emergency stoppage at a catalytic cracking unit…

Palmali Aims to Expand Shipping Ops in the Black Sea

Dec 12, 2023

Istanbul-based tanker operator Palmali has become the top shipper for Ukraine's Black Sea-borne sunflower oil exports, one of the country's key export products, and plans to expand further, its chairman Mubariz Mansimov said.Azeri-born Mansimov…

Putin Approves Transfer of State-owned Shares in Shipping Company to Rosatom

Nov 08, 2023

President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov…

Russia Strikes Deal with DP World to Develop Arctic Sea Route

Oct 24, 2023

Russian nuclear agency Rosatom said on Tuesday it has set up a joint venture with Dubai's DP World to develop container shipping through the Arctic as part of an initiative heavily promoted by President Vladimir Putin.The deal with one of the…

Russia's Western Sea Port Oil Exports Seen Falling as Refinery Runs Rise

Oct 18, 2023

Russia's oil exports via its western sea ports in November may fall by some 300,000 barrels per day (bpd) after ample supplies in September-October as domestic refineries are expected to raise runs as seasonal maintenance ends, three sources familiar with the plans said…

Refinery Maintenance Puts a Dent in Russia's Seaborne Diesel Exports

Oct 03, 2023

Seaborne diesel and gasoil exports from Russian ports fell 27% in September from a month earlier to about 2.76 million tonnes due to a major overhaul of refineries and a fuel export ban, data from traders and LSEG showed.Idle primary oil refining capacity for September stood at 4…

Russia's Seaborne Diesel Exports on the Rise

Sep 05, 2023

Russia's seaborne diesel and gasoil exports in August rose by 2% from a month earlier to about 3.85 million metric tons on healthy fuel production, data from traders and LSEG showed.Idle primary oil refining capacity for August was estimated at 3…

Gazprom's First LNG Cargo via Arctic Destined for China's Jingtang

Aug 23, 2023

A liquefied natural gas (LNG) cargo from Russia's Gazprom being sent via the Northern Sea Route (NSR) for the first time is destined for the Chinese port of Jingtang, Refinitiv ship tracking data shows.The Velikiy Novgorod tanker was loaded at the Portovaya LNG plant on the Baltic Sea on Aug…

Russia Ships Naphtha to China via North Sea Route

Aug 21, 2023

Russia is shipping a naphtha cargo via the North Sea Route (NSR) as Moscow seeks to increase supplies using the route to major trade partner China, cutting its way through European waters, traders said and Refinitiv data showed.SCF Irtysh is loaded with with 37…

Ukraine says Russian Drones Threatened Danube Port

Aug 16, 2023

Ukraine's air force on Wednesday said a large group of Russian army drones entered the mouth of the Danube River and headed toward the Izmail river port near the border with Romania.Social media groups reported hearing air defence systems firing in the area near two Danube ports - Izmail and Reni…

After Attacking Ukraine Wheat Exports, Russia Faces Own Shipping Challenge

Aug 08, 2023

Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes…

Russian Seaborne Oil Exports Plummet 16% in July

Aug 03, 2023

Russian seaborne crude oil export volumes have remained strong and grew 13% y/y in 2022 despite the invasion of Ukraine. However, after a 4% m/m fall in June, volumes fell another 16% m/m in July, and the Russian administration has announced export cuts for August…

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