Norway which is western Europe’s largest oil and gas producer, and also has one of the largest sovereign funds in the world, should share the huge profits it has made from oil and gas exports since the Russian invasion of Ukraine, Poland’s prime minister Mateusz Morawiecki said over the weekend, according to Tsvetana Parakova from Oilprice.
Complying with President Jose Biden's administration sanctions on Russia, United States refiners imported some 1.3 million barrels per day (bpd) of Latin American crude and fuel oil, the highest level in seven months, according to US customs data.
Peruvian authorities are seeking the extradition of the captain of the Italian-flagged Mare Doricum oil tanker, whom Repsol accuses of being responsible for the maneuvers that resulted in the oil spill at the La Pampilla refinery, 4 kilometers from the Ventanilla district.
Despite the rules agreed by the European Commission, one of Germany's largest natural gas importers, VNG, has opened an account with Gazprombank for payments for Russian gas under Moscow's new terms, in Euros then converted into Rubles helping the Russian currency to recover its value.
OPEC Secretary-General Mohammed Barkindo has visited Venezuela to strengthen bilateral ties between the rich oil-producing South American country, which is one of the 13 countries that make up the Organization of Petroleum Exporting Countries (OPEC).
Uruguay's state-run oil company ANCAP Tuesday announced that as a result of a power cut at the La Teja refinery coupled with unionist protests, the company had been forced to activate an emergency import from Argentina of 60 lorries of cooking gas in addition to two shipments to secure supply.
Several Chinese companies purchased Russian coal paying in Chinese currency in March, and the first shipment would be made in April, according to Fenwei Energy Information Service Co., China’s leading information and service provider to the coal and coke industries. This is also the first shipment of Russian commodities paid in Yuan to arrive in China after Russia was sanctioned by Western countries.
Paraguay is making a statement as its stances on certain issues are being raised above circumstantial conditions that would advise against holding on no matter what to one's convictions.
Petroleos de Venezuela SA (PDVSA) CEO Asdrúbal Chávez has met in Caracas with Iran's Petroleum Minister Javad Owji to sign bilateral agreements between two countries heavily damaged by US-imposed sanctions.
Guyana has sold a cargo of one million barrels of its newest crude to ExxonMobil for US$106 per barrel, which was the first share for the government from the newly operational Liza Unity production platform operated by Exxon, according to Tsvetana Paraskova from Oilprice.com.