Russia’s state-backed gas supplier has lost a significant European contract, dealing a setback to Vladimir Putin’s war-driven economy.
Gas prices fall – Oil prices remain elevated – North Sea power outage
Gas prices declined despite rising geopolitical tensions following Vladimir Putin’s signing of a law permitting a nuclear response to long-range missile attacks on Russian territory.
Russia cuts off Austria gas supplies from Saturday
Chancellor Karl Nehammer said today that Austria’s gas storage facilities are 93% full, leaving the country well-prepared to handle the suspension of Russian gas supplies.
Global oil demand expected to lag behind supply in 2025, says IEA
According to the International Energy Agency (IEA), global oil demand is projected to grow at a slower rate next year due to weakening Chinese consumption.
Gazprom’s profits have surged threefold as it ramps up sales to China.
Gazprom, the Kremlin-owned gas giant, announced today that its profit for the first half of the year has more than tripled compared to the same period last year.
Gazprom’s gas production has significantly declined due to its inability to replace its European clients.
Russian energy giant Gazprom produced 13% less natural gas last year after failing to diversify its sales away from Europe following Russia’s invasion of Ukraine.
Russia’s Gazprom experiences significant downturn due to Ukraine war
Gazprom, the Kremlin-backed gas giant, is unlikely to recover the revenues lost due to Vladimir Putin’s war in Ukraine for at least a decade, according to a study reportedly commissioned
Gazprom Reports £5bn Loss, Delivering a Setback to Putin
Russian natural gas conglomerate Gazprom reported a significant loss of 629 billion roubles (£5.5bn) last year, as its sales to Europe sharply declined following President Vladimir Putin’s decision to invade
Nord Stream Files €400 Million Insurance Claim for Pipeline Explosions
Nord Stream Initiates Legal Action Against Insurers Including Lloyd’s of London for Over €400m in Damages Following Pipeline Explosions
Gas Exports from Russia to China Reach Unprecedented Levels
Gazprom, the Russian energy corporation, recently set a new daily high for gas deliveries to China through its Power of Siberia pipeline. According to a statement on Gazprom’s Telegram channel:
Russian energy conglomerate Gazprom earns a profit of £39 million in the North Sea.
Gazprom, the Russian state-owned energy behemoth, reported a €45 million (£39 million) profit from its operations in the North Sea’s Sillimanite gas field, leading to increased demands for more stringent
Oil prices remain stable at levels close to 10-month peaks.
On Monday, the standard oil price remained steady, maintaining its position above $90 a barrel, a level not seen in the last 10 months. This surge was influenced by recent