Oil tumbles as Europe defers banning Russian crude imports | Oil and Gas News

[ad_1] Markets sold off after the EU and US announced an agreement to cut reliance on Russian natural gas. By Julia Fanzeres and Paul BurkhardtBloomberg Published On 25 Mar 202225 Mar 2022 Oil fell as the European Union shied away from banning Russian crude imports, while Kazakhstan said disruption at a key export terminal is set to ease. … Read more

Germany to halve imports of Russian oil by summer | Russia-Ukraine war News

[ad_1] Economy minister lays out measures to boost energy independence for Europe’s economic powerhouse. Germany has unveiled plans to halve its imports of Russian oil by the summer (beginning in June), as Western nations seek to cut off economic ties with Moscow as punishment for invading Ukraine. Before the war began on February 24, a … Read more

Canada to increase oil, gas exports amid push to displace Russia | Oil and Gas News

[ad_1] Canada says move comes after European allies said they ‘need help’ as they ease dependence on Russian energy supplies. Canada plans to increase oil and gas exports this year by up to 300,000 barrels per day, the country’s natural resources minister has said, as nations seek to wean themselves off Russian energy supplies amid … Read more

Oil climbs as EU considers beefing up sanctions on Russian crude | Oil and Gas News

[ad_1] Prices were also higher with the Caspian Pipeline Consortium’s export terminal on the Black Sea halting loadings. By Rakteem KatakeyBloomberg Published On 23 Mar 202223 Mar 2022 Oil pushed higher ahead of high-level meetings that may result in fresh sanctions on Russia, and as storm damage to a vital Black Sea export terminal compounded supply … Read more