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Signaling shift to coal, EU explores alternatives to Russian supplies
- However, emergency and temporary measures should not be confused with return of coal, energy expert says
Germany calls Russian gas supply cut an 'economic attack'
- Putin trying to create 'chaos' in European gas market, says German minister
Russia becomes China’s largest oil supplier
- World's biggest crude oil importer country purchased about 8.42 million tonnes of crude oil in May, up 55% from May 2021
Natural gas prices rise in Europe as Russia lowers supply
- Deliveries via Nord Stream pipeline expected to fall by 100 million cubic meters to 67 million cubic meters per day from June 16
Germany turns to coal as Russia curtails natural gas shipments
- Gazprom reducing supply by 100 million cubic meters through Nord Stream pipeline from June 16
EU's sanction on Russian oil boomerangs, boosts global prices to Moscow's benefit
- Russian oil would still be bought by other consumers, but at discounted prices, says experts
Natural gas prices rise in Europe as Gazprom warns 40% drop in gas supply
- Daily gas supply to Nord Stream pipeline to drop from 167 million cubic meters to 100 million cubic meters via Nord Stream pipeline
Russia becomes India’s second-largest oil supplier
- Iraq remained top supplier to India in May and Saudi Arabia is now third biggest supplier
Oil prices up over tight supply worries
- Production loss in Libya, stalled Iran nuke deal put upward pressure on prices
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Fitch cuts 2022 growth forecast for global economy, with biggest revision to China
- Global ratings agency now expects China’s growth to fall to 3.7% this year, down from 4.8% in March
14.06.2022
General
EU ban on Russian oil to have limited impact on global oil market: experts
- Many experts believe that there is no real problem with replacing lost Russian oil as crude oil can be shipped or transported by tankers
Oil down over demand woes as China goes under fresh lockdowns
-Despite strict COVID restrictions in China, country’s crude oil imports surged roughly 12% in May from a low base a year earlier, easing demand concerns
Can Venezuela be alternative to compensate lost Russian oil?
- Although US-sanctioned Venezuelan oil has brought on table to meet EU states’ crude oil need, country’s oil infrastructure is unlikely to be viable alternative, experts say
US sanctions have 'returned like boomerang,' affecting American, European economies: Venezuela's president
- US has always been caught up in its own aggression, Nicolas Maduro tells Anadolu Agency in exclusive interview
EU envoys approve new sanctions package against Russia, including partial oil embargo
- Measures also include exclusion of Sberbank from SWIFT payment system
02.06.2022
Europe
Ban on Russian crude to have negative impact for global market: Kremlin Spokesperson
- Russia supplies 4.5 million barrels of oil per day to Europe
Russia stops natural gas shipments to the Netherlands
- Netherlands fourth country to which Gazprom stops gas flows
EU leaders agree to exempt Hungary from Russian oil embargo
- Leaders approve excluding Russia’s Sberbank from SWIFT system, granting $9.6 billion in credit to Ukraine
Oil prices increase 2% in week ending May 27
- Demand concerns in China, better demand hopes in US ahead of summer driving season and EU efforts to ban Russian oil & gas are factors impacting prices
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Germany’s zigzags on Ukraine policy spark criticism
- Berlin agrees to send heavy weapons to Ukraine, take hard line against Russia, but experts warn of dangerous escalation
US sanctions Russia-backed Iranian oil smuggling, money laundering network
- Network led by officials of Iran's Revolutionary Guards, backed by senior levels of Russian government, says US Treasury
Turkiye and Tatarstan to support small and medium businesses
- Turkiye's success story in development of small and medium-sized enterprises is notable worldwide, especially developing countries, says KOSGEB head
Oil up with rising hopes of stronger demand in US, China
-China, strictly clinging to zero-COVID policy, is due to ease some restrictions in Shanghai while rising cases in Beijing cast doubts over demand rebound
1100th anniversary of adoption of Islam by Volga Bulgaria celebrated in Tatarstan
- Light shows illuminates capital city of Kazan and historical city of Bolgar
13th Kazan Summit 2022 gathers over 6,000 visitors from 64 countries
- Over 10 cooperation deals in various fields such as finance, health and agriculture were sealed during three-day event, of which Anadolu Agency is global communication partner
Russia halts natural gas delivery to Finland
- Finnish energy firm does not make payment in rubles, Gazprom says
21.05.2022
Natural Gas
Gazprom's natural gas transit through Ukraine drops by 26.4%
- Firm's gas delivery dropping to 45.9M cubic meters on Saturday, down from 62.4M on Friday
21.05.2022
Natural Gas
"Modest fashion" presents world wide economic opportunities
- Collections of 12 designers from Russia, Indonesia, Kazakhstan, Uzbekistan and Spain displayed at fashion show