China snaps up Russia’s Far East oil even as Covid saps demand

China is boosting imports of Russian ESPO crude from the Far East.

Cargoes of Russia's flagship crude oil at sea climb to record high

The European Commission is considering an embargo of Russian oil.

Naftogaz of Ukraine reports UAH 12 billion revenue in 2021

In 2020, the company got a loss of UAH 19 billion.

Hungary outlines cost to ditch Russian oil

Prime Minister Viktor Orban’s government told EU counterparts that it will cost at least $810 million to revamp Hungary’s oil industry.

US moves to ease a few economic sanctions on Venezuela

The limited changes will allow Chevron Corp to negotiate its licence with the state-owned oil company, Petroleos de Venezuela.

Latvia stops attempt to import about 400 tons of Belarusian petroleum products bypassing sanctions

This is the first time since the EU sanctions against Lukashenko became effective.

Spanish oil and gas company Repsol quits the Russian market

Repsol is selling off its assets.

Oil prices slide as rapid Omicron spread dims fuel demand outlook

Oil prices slumped 3% on Monday.

Oil prices head for weekly loss on Omicron coronavirus uncertainty

Surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand.

Brent price goes up amid strong demand

Commercial oil stocks in the United States last week decreased by 4.5 million barrels.

The NSDC shows how to track subsoil use online

The NSDC presented an open system for monitoring state subsoil.

Oil slips over 1% on bets that crude supply growth will exceed demand

Oil prices fell for a third day straight on Wednesday on growing expectations that supply growth will outpace demand growth next year.