Tag Russia

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Indonesia to buy Russian oil after fuel prices skyrocket

The Indonesian president is considering following India’s and China’s lead and buying oil from Russia to alleviate increasing pressure from rising energy costs. In early September, the president decided to raise the price of government-subsidized fuel by 30%, saying that…

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Russia exports $158 billion worth of energy since the war

Russia exported 158 billion euros ($158 billion) worth of energy in the six months following its invasion of Ukraine, with the EU accounting for more than half. The Energy and Clean Air Research Center calls for more effective sanctions against…

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Europe must expect further cuts in Russian oil and gas exports

Europe is facing a new round of energy disruptions following reports of damage to oil pipelines from Kazakhstan via Russia. This situation will only increase concerns about Europe’s energy supply problem. The Caspian Pipeline Association (CPC), which manages about 1%…

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EU countries agree on the reduction of natural gas consumption

European Union countries agreed yesterday (July 26) to use less natural gas and save for the winter to protect themselves from further supply shortages from Russia. Europe has been facing a bottleneck since Wednesday when Russia’s Gazprom announced it would…

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