Ukraine








Energy Markets

Oil & Gas

Oil & Gas

Leading NATO official contacts business leaders to get ready for 'wartime circumstance'

A leading NATO military official on Monday prompted services to be prepared for a wartime circumstance and adjust their production and distribution lines accordingly, in order to be less susceptible to blackmail from nations such as Russia and China. If we can make certain that all vital services and products can be provided no matter what, then that is an essential part of our deterrence, the chair of NATO's military committee, Dutch Admiral Rob Bauer, stated in Brussels. Speaking at an event of the European Policy Centre think tank, he described deterrence as going far beyond military capability alone, considering...

Refined Products

Oil heads for weekly gains as Ukraine war magnifies

Oil costs held constant on Friday, on track for a weekly rise of 5%, as the Ukraine war magnified and Chinese imports were set to increase in November. Brent crude futures climbed 33 cents, or 0.44%, to $ 74.56 a barrel by 1008 GMT. U.S. West Texas Intermediate crude futures rose 27 cents, or 0.39%, to $70.37 per barrel. Both agreements are set for gains of 5% this week, the greatest weekly rise since late September, as Moscow steps up its Ukraine offensive after Britain and the United States allowed Kyiv to strike Russia with their weapons. Putin stated on...

Refined Products

Satellite imagery indicates North Korea oil imports from Russia leading U.N. limitations, report states

North Korea has likely received more than 1 million barrels of oil from Russia over an eightmonth duration this year in breach of U.N. sanctions, according to an analysis of satellite images released on Friday by UKbased Open Source Centre and the BBC. North Korean oil tankers have actually made more than 40 visits to Russia's Far Eastern port of Vostochny considering that March, the report on the research study group Open Source Centre's website said. Dozens of high-resolution satellite images, AIS (Automatic. Identification System) data and images released by maritime. patrol missions tasked with keeping track of North Korea's....

Natural Gas

United States targets Russia's Gazprombank with brand-new sanctions, Treasury website shows

The U.S. enforced fresh sanctions on Russia's Gazprombank on Thursday, the Treasury Department said, wielding its most powerful sanctioning tool versus the bank as President Joe Biden steps up actions to penalize Moscow for its invasion of Ukraine before leaving workplace in January. The relocation successfully kicks Gazprombank - among Russia's. largest banks - out of the U.S. banking system, bans their trade. with Americans and freezes their U.S. possessions. Gazprombank is partially owned by Kremlin-owned gas business. Gazprom. Since Russia's invasion in February 2022,. Ukraine has been prompting the U.S. to enforce more sanctions on the. bank, which receives...

Oil & Gas

Britain sanctions Angola's dos Santos, Ukrainian oligarch Firtash in corruption crackdown

Britain has barred Angolan billionaire Isabel dos Santos and Ukrainian oligarch Dmytro Firtash and has frozen their UK possessions, the federal government announced on Thursday, in what it said became part of a new crackdown on ' dirty cash'. The procedures were the first step in tightening Britain's. anti-corruption sanctions program as promised in July's election,. the Labour federal government stated. These deceitful people selfishly deny their. fellow people of much-needed funding for education, healthcare. and infrastructure - for their own enrichment, Foreign. Secretary David Lammy said in a declaration. Dos Santos, whose daddy Jose Eduardo dos Santos ruled. Angola...

Natural Gas Utilities

Russia's oil output at 9 mln bpd as promised to OPEC+, Novak says

Russia will stick to its dedications to the OPEC+ group of leading oil manufacturers and has reached its assured oil output level of 9 million barrels per day, Deputy Prime Minister Alexander Novak said on Wednesday. Under the offer, Russia's oil output quota from June to the end of this year is 8.98 million bpd. Russia has actually reached the levels that we voluntarily handled as a production responsibility, which is 9 million barrels each day, Novak told reporters on the sidelines of the Valdai Discussion Club conference in the Black Sea resort of Sochi. OPEC+ has been curbing output...

Oil & Gas

United States cracks down on Russia sanctions evasion in fresh action

The United States on Wednesday enforced curbs on numerous targets in fresh action against Russia, taking aim at sanctions circumvention in a. signal that the U.S. is dedicated to countering evasion. The action, taken by the U.S. Treasury and State. departments, enforced sanctions on nearly 400 entities and. people from over a lots various nations, according to. statements from the Treasury and State departments. The action was the most collective push so far versus. 3rd nation evasion, a State Department official told Reuters. It included sanctions on lots of Chinese, Hong Kong and Indian. companies, the most from those nations...

Oil & Gas

Financial Times - Oct 22

The following are the leading stories in the Financial Times. Reuters has actually not verified these stories and does not attest their accuracy. Headings - Volkswagen fined by UK regulator for treatment of consumers in monetary problem - Nigeria declines Shell's planned sale of $1.3 bln onshore production system - UK will offer $3 bln towards G7 loan for Ukraine - UK workers' rights reforms to cost services 5 bln pounds a year - Serious Scams Workplace probes ₤ 112mn hotel developed by leading UK trade union Introduction - UK's monetary regulator, the Financial Conduct Authority, on Monday fined Volkswagen...

Oil & Gas

Fire breaks out at oil depot in Crimea, authorities appointed by Russia say

A fire broke out at an oil depot in the city of Feodosia on the Crimean coast of the Black Sea, Russianappointed authorities in the Crimean Peninsula that Moscow annexed from Ukraine in 2014 said on Monday. There were no casualties, Oleg Kryuchkov, a consultant to the Russian-installed head of Crimea, composed on the Telegram messaging app, pointing out the head of the Feodosia administration. There was no detail offered on what had triggered the fire. The Baza Telegram news channel, which has sources amongst Russia's. security services, reported that a number of fuel tanks were on fire. in Feodosia...

Oil & Gas

Substantial Russian fuel depot blaze put out, drones strike near Ukraine border

Firemens put out a huge blaze at a fuel depot in Russia's Ural mountains on Friday, and a series of drone strikes were reported in locations close to the Ukrainian border, among which likewise began a little fire at a. fuel depot. The emergency situations ministry said it was still investigating the. cause of the fire in the Perm area, which remains in the Ural. mountains 1,500 km (950 miles) away from the Ukrainian fight. zone. Individually, Russia's Defence Ministry said in a. statement that its air defences had shot down or intercepted 18. Ukrainian drones overnight, consisting of six...

Fuel Oil

Russia's idle oil refining capacity in September seen up 34% vs August, data programs

Russia's offline main oil refining capability in September is set to leap 34% from August, according to Reuters calculations based on data from industry sources, owing to technical failures, Ukrainian drone attacks and seasonal upkeep. Offline capability is seen at 3.87 million metric loads this month, or 14.5% of Russia's total oil refining abilities. That is up from 2.95 million tons in August. An increase in idle refining capacity normally helps with crude oil exports. Market sources informed Reuters on Thursday that Russia's crude oil filling strategy from the Baltic ports of Primorsk and Ust-Luga for September was modified higher...

Oil & Gas

Kremlin says Germany is ideal to completely examine Nord Stream pipeline blasts

The Kremlin said on Monday that German Chancellor Olaf Scholz was best to want a comprehensive examination into a 2022 attack on the Nord Stream gas pipelines in spite of what it stated were attempts by some Western powers to hush up what actually took place. Scholz stated in an interview with German television over the weekend that Berlin's investigation would ensure that nothing was hidden and do its best to make sure that those responsible for the blasts were penalized. Moscow has consistently grumbled that Germany has actually not been doing enough to examine the surges, which in September...

Fossil Fuels

Fossil Fuels

Satellite imagery shows North Korea oil imports from Russia top U.N. limits, report states

North Korea has likely received more than 1 million barrels of oil from Russia over an eightmonth duration this year in breach of U.N. sanctions, according to an analysis of satellite images published on Friday by the Britishbased Open Source Centre and the BBC. North Korean oil tankers have made more than 40 visits to Russia's Far Eastern port of Vostochny considering that March, the report on the research group Open Source Centre's site said. Dozens of high-resolution satellite images, AIS (Automatic. Recognition System) data and images launched by maritime. patrol missions entrusted with keeping track of North Korea's. U.N.-sanctions...

Fossil Fuels

Russia detains German man implicated of exploding gas distribution pipe

Russia has actually apprehended a German citizen on suspicion of explosives-smuggling and terrorism, accusing him of exploding a. pipeline at a gas circulation station, the Federal Security Service. ( FSB) said on Wednesday. The FSB said the male, whom it named as Nikolai Gaiduk, had. been associated with the attack in Russia's Kaliningrad Baltic Sea. exclave in March, using a home-made bomb. It said he was detained during a subsequent effort to. go into Kaliningrad from Poland, when authorities searched his cars and truck. and discovered 0.5 litres of liquid dynamite. The FSB said Gaiduk was born in 1967 and...

Fossil Fuels

Telecoms group VEON mulls U.S. IPO for Ukraine's Kyivstar

Telecoms group VEON is considering a going public (IPO) for its Ukrainian unit Kyivstar in the U.S. as early as next year, CEO Kaan Terzioglu said on Thursday. We have not made those decisions yet, however we are dedicated to looking into IPOs of our local properties. And clearly, Kyivstar is one of those properties which might be in the line of this procedure, Terzioglu told Reuters in an interview. Ought to the IPO go through, Kyivstar would become the first Ukrainian business to be listed in the United States. VEON has actually not had any conversations with Ukrainian officials...

Environment

Power Markets

Power Markets

Russia stages first missile attack on Kyiv considering that August, Ukraine states

Blasts expanded across Kyiv on Wednesday morning after authorities stated Russia released its very first missile attack on the Ukrainian capital because August, requiring elderly females and small children to nestle in an underground metro station. Ukrainians have actually been waiting on a big rocket attack for months, fretted that it could deal a new blow to the hobbled energy system and cause long blackouts as winter season sets in. Air defences intercepted two inbound cruise missiles, 2 ballistic missiles and 37 drones throughout the nation, the air force stated. No casualties or significant damage were reported in Kyiv. Putin...

Power Markets

Ukraine's inflation increases to 8.6% y/y in September

Ukraine's consumer inflation rose to 8.6% yearonyear in September driven by rising energy prices, higher company costs, and a lower harvest, the statistics service said on Thursday. Inflation was 7.5% year-on-year in August. The stats service stated in a statement that regular monthly inflation was at 1.5%. in September. The stats data revealed that September inflation was. driven by an increase in utilities tariffs and higher electricity. rates. Ukraine's power sector remains in crisis due to magnified. Russian barrages of the energy facilities. Frequent Russian missile and drone attacks have knocked out. about half of Ukraine's energy-generating capability since March....

Nuclear Power

Worker at Russia-controlled nuclear plant eliminated in vehicle bomb, say private investigators

A staff member at the Russiancontrolled Zaporizhzhia nuclear power plant in southern Ukraine was eliminated on Friday early morning in a vehicle bomb attack, Russian detectives said, in an attack the plant blamed on Ukraine. Russia's Investigative Committee, which probes major criminal activities, stated the staff member, Andrei Korotkiy, died after a bomb planted under his automobile went off outside his home in the city of Enerhodar, where the plant lies. Korotkiy worked in the plant's security department, the Committee said. A criminal case has been opened into his death. In a statement, the plant accused Ukrainian authorities of orchestrating...

Power Markets

Russia obstructs drone near Kursk, no damage to nuclear plant, guv says

Russian forces intercepted a. Ukrainian drone on Thursday near the Russian town of Kurchatov. but there was no damage to the nearby Kursk nuclear power plant,. the regional governor said. Guv Alexei Smirnov said debris from the drone. triggered explosions in a building unrelated to the plant. A number of Russian Telegram channels earlier reported the. alleged Ukrainian attack, which they stated had been thwarted by. air defences but had resulted in a fire several miles from the. nuclear plant. The plant's operator, Rosenergoatom, stated the center. was operating as normal and radiation levels remained within. regular limits. Reuters might...

Power Markets

Russia says fight with West is unequaled in history

The present conflict in between Russia and the West over Ukraine is unparalleled in history and an error might cause disaster, a senior Russian diplomat stated on Thursday when inquired about comparisons to the 1962 Cuban Missile Crisis. The 2-1/2- year-old Ukraine war, the most significant land war in Europe given that World War 2, has set off a significant conflict between Russia and the West, and Russian officials say it is now entering its most unsafe phase to date. Russian diplomats have formerly invoked comparisons to the 1962 crisis when the Cold War superpowers are considered to have actually...

Power Markets

China, Brazil press on with Ukraine peace plan despite Zelenskiy's ire

China and Brazil on Friday pressed ahead with an effort to collect developing nations behind a strategy to end Russia's war in Ukraine, in spite of Ukrainian President Volodymyr Zelenskiy's termination of the initiative as serving Moscow's interests. Seventeen countries participated in a meeting on the sidelines of the United Nations General Assembly chaired by China's foreign minister, Wang Yi, and Brazilian foreign policy consultant Celso Amorim. Wang told reporters they went over the requirement to prevent escalation in the war, prevent the use of weapons of mass destruction and prevent attacks on nuclear reactor. Russia and Ukraine are next-door...

Nuclear Power

Russian-held Zaporizhzhia plant states Ukraine staged nearby drone attack

Management at the Russianheld Zaporizhzhia nuclear power plant in eastern Ukraine implicated Ukrainian forces on Friday of launching a drone attack on a. nearby electrical energy substation and presenting a danger to the plant. Russian forces seized the Zaporizhzhia plant, Europe's. largest with six reactors, in the early days of Moscow's. February 2022 intrusion and each side has actually considering that regularly accused. the other of staging attacks that endanger security. A drone strike by the Ukrainian armed forces harmed a. transformer at the Zarya substation located right beside the. perimeter of the Zaporizhzhia station, the Russian management. said in...

Power Markets

Financial Times - Sept 19

The following are the top stories in the Financial Times. Reuters has actually not validated these stories and does not guarantee their accuracy. Headings - Rolls-Royce wins pioneering offer to develop small nuclear plants in Czech Republic - Teamsters withhold endorsement as survey reveals members favour Donald Trump - UK examines prepare for 'not for EU' meat and dairy labelling - IMF scraps mission to Moscow after objections from Kyiv's. allies Introduction - Rolls-Royce is on course to secure the first order. from a European government to develop a fleet of tiny nuclear. reactors after being picked as the favored...

Power Markets

China pushes back on United States probe of uranium exports

The Chinese government on Wednesday pressed back on a U.S. probe of whether China is helping its neighbor Russia evade a U.S. restriction on Russian uranium imports saying Beijing has always opposed unlawful. unilateral sanctions. Reuters reported solely on Tuesday that the U.S. Department of Energy and other pertinent firms are carefully. tracking the imports from China to make sure the proper. execution of the restriction on Russian enriched uranium that. President Joe Biden checked in May. The U.S. is worried that China is importing and using. Russia's uranium in its own power plants, and then exporting. domestically produced uranium...

Power Markets

IAEA head says tower at Ukraine's Zaporizhzhia station needs demolition after fire

The head of the U.N.'s nuclear watchdog stated a cooling tower at Ukraine's Russian-occupied Zaporizhzhia nuclear power plant had actually been terribly damaged in a fire last month and would most likely need to be demolished. Rafael Grossi, Director General of the International Atomic Energy Company, made the talk about Wednesday during his fifth visit to the plant, which was seized by Russian forces soon after Russia's February 2022 invasion of Ukraine. Moscow and Kyiv have regularly implicated each other of attacking the plant and running the risk of a nuclear mishap. Grossi published a video on the messaging platform...

Power Markets

IAEA primary goes over Ukraine, Russia nuclear plants with Zelenskiy, states scenario fragile

U.N. nuclear firm chief Rafael Grossi, who is due to visit the Russianoccupied Zaporizhzhia nuclear power plant in southeast Ukraine on Wednesay, stated the situation there was extremely fragile and the danger of a disaster stayed. Rossi was speaking at a press conference in Kyiv on Tuesday after consulting with President Volodymyr Zelenskiy and Ukrainian nuclear and energy officials. They also went over the state of affairs at the Kursk nuclear plant in Russia, which Ukrainian soldiers are close to. The Zaporizhzhia plant, Europe's largest nuclear facility, was up to Russian soldiers soon after Moscow's intrusion of Ukraine in February...

Power Markets

IAEA chief meets Ukrainian energy chiefs on method to nuclear plant

U.N. nuclear agency chief Rafael Grossi satisfied Ukrainian energy authorities on Tuesday before a. prepared see to the Russianoccupied Zaporizhzhia nuclear. plant, part of efforts to prevent a wartime nuclear catastrophe. Grossi, the director of the International Atomic Energy. Agency (IAEA), arrived in Ukraine a week after visiting the. Kursk nuclear power station in Russia and warning of the threat. of a nuclear accident there. On his latest see to Ukraine since Russia's invasion in. February 2022, Grossi met Energy Minister German Galushchenko,. in addition to Petro Kotin, president nuclear power company. Energoatom, and Oleh Korikov, acting head of Ukraine's...