The Group of Seven (G7) countries and Australia have agreed to cap the price of Russian marine crude oil at US$60 per barrel. For some, this limit is too high and will not significantly reduce Russia’s revenues. For others, this cap is too low and could have a negative impact on...
In 2014, American politician John McCain said, “Russia is a gas station masquerading as a country.” It turns out that the majority of Russian oil shipped around the world is transported by tanker. In this article, we will look at how the country exports its oil by sea to...
Russia is a major supplier of oil in the world, exporting about 13% of total oil trade. The recent deterioration of Russia’s relations with the West is forcing Moscow to accelerate its pivot to the East. In this second article, we will examine the pipeline infrastructure that...
Russia exports seven million barrels of crude oil and refined products a day. As price cap sanctions are about to take effect, it is time to consider how Russia can continue to export this commodity, crucial for the Kremlin’s finances and for the global economy. In this first...
The G7 countries want to cap the price of oil sold by Russia. The aim is to reduce Moscow’s revenues and lower the world price of black gold. This strategy is risky and will probably have the opposite effect. Russia is one of the world’s largest oil exporters....
The supply of liquefied natural gas to the world’s third largest economy is in jeopardy. While Japan is participating in Western sanctions against Russia following its military intervention in Ukraine, Moscow has made it clear to Tokyo that its participation in the Sakhalin II...
In the midst of an energy crisis, the gas issue has become one of the main topics of tension between Russia and Europe. On July 11, the Nord Stream 1 pipeline commenced a ten-day maintenance program, completely interrupting gas deliveries to Europe. Many commentators already see this...
