The loss of a key European market has dealt a severe financial blow to Russian energy giant Gazprom, resulting in net losses of 1.076 trillion rubles ($13.1 billion) in 2024, the Moscow Times reported on March 18.

https://kyivindependent.com/russian-energy-giant-gazprom-suffers-13-1-billion-loss-in-2024/

Talks to revive the Nord Stream gas pipelines to relaunch Russian gas flows to #Germany would be "completely the wrong direction" to go, Germany's economy and energy minister said on Monday.

https://www.reuters.com/business/energy/german-minister-warns-nord-stream-pipeline-revival-would-be-wrong-direction-2025-03-17/

Line 5, a Trump donor, is profiting off a pipeline deal threatening pollution https://www.theguardian.com/us-news/2025/mar/16/line-5-trump-pipeline-pollution-michigan-barnard?CMP=Share_iOSApp_Other #Line5 #Enbridge #OilandGas

#China's state-owned oil companies are scaling back purchases of Russian crude due to concerns over U.S. #sanctions, Reuters reported on March 14, citing industry sources.

https://kyivindependent.com/chinese-state-oil-firms-cut-russian-crude-purchases-over-us-sanctions-fears-reuters-reports/

#Russia has successfully found ways to bypass the $60 price cap on oil set in December 2022 by the G7 countries, earning an extra $53 billion from this strategy in just the first three quarters of 2024.

https://theins.press/en/inv/279627

#Russia is using cryptocurrencies in its oil trade with China and India to skirt Western #sanctions, Reuters reports.

https://www.reuters.com/business/energy/russia-leans-cryptocurrencies-oil-trade-sources-say-2025-03-14/

Russian and European officials say the US is exploring ways to work with energy giant Gazprom on global projects, a step toward forging closer ties with the Kremlin while trying to broker a peace deal on Ukraine.

https://www.bloomberg.com/news/articles/2025-03-13/russian-and-european-officials-see-us-interest-in-gazprom-ties

Archive: https://archive.is/qXkib

#Russia has sharply reduced diesel exports to #Africa following repeated Ukrainian drone attacks on its oil refineries, Russian pro-state media outlet RBC reported on March 13.

https://kyivindependent.com/russian-diesel-exports-to-africa-reportedly-plummet-amid-ukrainian-drone-strikes/

Crude oil shipment via the Druzhba pipeline has been suspended after an Ukrainian drone attack on a metering station, #Hungary' Foreign Minister Peter Szijjarto said in a Facebook video on Tuesday.

https://www.reuters.com/business/energy/crude-shipments-druzhba-pipeline-suspended-after-drone-attack-hungary-says-2025-03-11/

European energy firms have filed lawsuits against Russian energy giant Gazprom totaling 18 billion euros over gas supply cuts, the Moscow Times reported on March 10.

https://kyivindependent.com/russias-gazprom-faces-19-5-billion-in-lawsuits-from-european-energy-firms-over-gas-cuts/

"The Supreme Court on Monday turned away a bid by Republican-led states to block lawsuits brought by a group of Democratic-led states that seek to hold #OilAndGas companies accountable for their fossil fuel products' contributions to #ClimateChange.
The court's decision to stay out of the dispute allows the five blue states to pursue lawsuits filed against the energy industry in their own courts."

https://www.cbsnews.com/news/supreme-court-climate-change-state-lawsuits/
#SCOTUS

European leaders have proposed restarting the flow of Russian pipeline gas as part of a compromise deal designed to prevent #Slovakia from vetoing support for Ukraine.

https://www.politico.eu/article/eu-poised-back-return-russian-gas-slovakia-vetoing-support-ukraine/

A halt in oil supplies by #Russia to the Czech Republic on Tuesday via the Druzhba pipeline is due to payment issues between #Czech refineries' Polish owner and Russian suppliers, the Czech industry minister was cited as saying.

https://www.reuters.com/business/energy/payment-issues-behind-russian-halt-oil-supply-druzhba-pipeline-czech-minister-2025-03-05/

https://www.europesays.com/1889114/ ‘We need to seize this moment,’ says Canadian oil and gas industry group #Canadá #CanadianAssociationOfPetroleumProducers #CanadianEnergyProducts #CAPP #CrudeOil #CrudeOilPrice #OilAndGas #OilPrice #petroleum #PresidentAndCEO #trump

Russian oil deliveries to the Czech Republic via the Druzhba pipeline have been halted, #Czech news channel CT24 reported on March 4, citing Industry and Trade Minister Lukas Vlcek.

https://kyivindependent.com/russian-oil-deliveries-to-czech-republic-via-druzhba-pipeline-halted-czech-minister-says/

A former spy and close friend of #Putin has been engineering a restart of #Russia’s Nord Stream 2 gas pipeline to #Europe with the backing of US investors, a once unthinkable move that shows the breadth of #Trump’s rapprochement with Moscow.

https://www.ft.com/content/dc9c51ab-03cb-47ba-ad0a-09c4deed9b50

Archive: https://archive.is/52zCE

Turkish imports of Russian oil have quietly plummeted since harsher #sanctions were imposed earlier this year, the Moscow Times reported on Feb. 27.

https://kyivindependent.com/turkish-imports-of-russian-oil-drop-nearly-fourfold-amid-sanctions/

The United States has suspended sanctions for 30 days on Serbian oil company NIS, which is majority owned by Russian companies, President Aleksandar Vucic said on Thursday.

https://www.reuters.com/business/energy/us-temporarily-suspends-sanctions-serbian-oil-company-nis-says-president-vucic-2025-02-27/

The EU is spending more money on Russian fossil fuels than on financial aid to #Ukraine, a report marking the third anniversary of the invasion has found.

https://www.theguardian.com/world/2025/feb/24/eu-spends-more-russian-oil-gas-than-financial-aid-ukraine-report