Ukraine








Energy Markets

Oil & Gas

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...

Oil & Gas

Ukrainian drone attacks on Russian oil refineries and facilities

Ukraine has methodically targeted Russian energy infrastructure to try to interfere with Russia's economy and its ability to money its military effort. Ukrainian authorities state attacks have been performed in retaliation for Russian strikes on the Ukrainian energy system. Following is a chronology of some of the drone strikes on Russian oil refineries and facilities as well as significant interruptions at the refineries. Aug. 28 - A drone attacked an oil products tank in the town of Kotelnich in Russia's Kirov region, some 1,500 kilometres (932.06 miles) east of Ukraine. Aug. 28 - A Ukraine drone attack triggered a fire...

Oil & Gas

Russia files problem to Germany over Nord Stream sabotage examination, RIA reports

Russia has actually grumbled to Germany over its investigation into the 2022 surges of the Nord Stream pipelines, RIA news agency reported on Monday, after a secret suspect left arrest in Poland. German media reported recently that German district attorneys had identified a Ukrainian diving trainer as an essential suspect in the Nord Stream sabotage attack and provided a warrant to jail him in Poland. Poland got the German warrant however the suspect has left the nation as Germany stopped working to include his name in a database of wanted persons, Polish district attorneys told Reuters. Moscow thinks the German...

Oil Refineries

Russia rejects media report about indirect talks with Ukraine

Russia on Sunday rejected a report that Ukraine's attack on the Kursk region had actually derailed indirect talks with Kyiv on halting strikes on energy and power targets, stating there had been no talks with Kyiv about civilian infrastructure facilities. The Washington Post reported on Saturday that Ukraine and Russia were set to send delegations to Qatar this month to negotiate a landmark arrangement halting strikes on energy and power facilities on both warring sides . The Post said the agreement would have amounted to a. partial ceasefire however that the talks were hindered due to Ukraine's attack on Russian...

Oil & Gas

Ukraine drone particles triggers diesel fire in Russia's Rostov, regional guv says

Debris from a destroyed Ukrainian drone triggered a diesel fuel fire at an industrial storage facility in Russia's Rostov area, the guv of the southwest Russian area stated on Sunday. Firefighting units were employed to put out the fire, Guv Vasily Golubev said on the Telegram messaging app. Russia's defence ministry said on Telegram that its air defence units ruined two Ukraine-launched drones over Rostov overnight. In a separate post on Telegram, Golubev stated that nobody was injured in result of the attack that happened in the Proletarsk district of the region. Baza, a Telegram channel near Russian law enforcement,...

Oil & Gas

Fire at fuel depot in Russia's Rostov region after drone attack snuffed out

A fire at a fuel storage depot in the Kamensky district of Russia's Rostov area, brought on by a. Ukrainian drone attack, has been snuffed out, the head of the. district administration stated on Saturday. Nobody was hurt in the attack, he said. According to the regional guv, 55 Ukrainian drones. assaulted the region over night. A state of emergency situation has been. introduced in the Morozovsky district, also in Rostov, where. schools, kindergartens and residential structures and production. centers were damaged, he included. Ukraine-launched drones also attacked an oil storage depot. in Russia's Belgorod area, the regional governor stated...

Fossil Fuels

Mineral Resources

ArcelorMittal might improve Ukraine steel output if situation stabilises

ArcelorMittal, the world's. secondlargest steelmaker, might more than double annual. production by at least 3 million metric lots in wartorn Ukraine. if the scenario stabilises there, the steelmaker's Chief. Financial Officer Genuino Christino told investors during a. quarterly teleconference on Thursday. Christino did not elaborate on what conditions the company. would need to improve production. The Luxembourg-based company operates a steel plant in the. city of Kryvyi Rih that is running at 40% of capacity. The. plant presently produces 500,000 tons of steel on a quarterly. basis. Given that Russia's full-scale invasion of Ukraine in 2022, the. plant had been...

Fossil Fuels

Trump might solidify Iran oil stand however raise China ire, analysts say

Former President Donald Trump's go back to the White House could imply harder enforcement of U.S. oil sanctions versus Iran, possibly trimming global materials, however could also carry geopolitical risks consisting of raising the ire of its leading customer China, according to experts. Cracking down on OPEC-member Iran would support international oil rates, however the result might likewise be offset by other Trump policies, from steps to broaden domestic drilling, the imposition of tariffs on China that might depress financial activity, or an easing of relations with Russia that could unfetter its sanctioned crude deliveries. Trump cuts both methods for...

Fossil Fuels

Ukraine not opposed to Qatar negotiating energy security, Kyiv says

Ukraine would not be opposed if Qatar or any other country were to work out an arrangement on energy security by means of different talks with Ukraine and Russia, a. leading Ukrainian governmental official said in a telecasted. interview launched on Monday. But Andriy Yermak, President Volodymyr Zelenskiy's chief of. staff, said there was no such agreement in location. We held thematic conferences - the very first on energy. security, co-organised by Qatar, Yermak stated. After that, we stated that if Qatar or another nation is. prepared to implement these contracts (reached at the conference). through handle Ukraine separately and...

Power Markets

Nuclear Power

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...

Nuclear Power

IAEA chief states circumstance tense around Russia's Kursk plant, however no irreversible mission planned

U.N. nuclear agency chief Rafael Grossi, in an interview published early on Tuesday, stated the scenario stayed severe around Russia's Kursk nuclear power plant, however his firm planned no long-term mission at the website. Ukrainian troops remain in Russia's southern Kursk region after pouring over the border last month, however remain some 40 km ( 25 miles) from the facility. ( The situation) is major because a military attack has taken place and that attack has actually reached the stage that it is not that far-off from a nuclear power station, Grossi, Director General of the International Atomic Energy Firm,...

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...

Nuclear Power

Russia criticises UN nuclear guard dog after trip to plant close to battling

Russia said on Wednesday it wanted the International Atomic Energy Company to take a more. unbiased and clearer position on nuclear security, a day after the. head of the company went to a Russian nuclear plant near. where Ukraine has actually mounted an attack into the country. IAEA chief Rafael Grossi toured the Kursk plant on Tuesday. and warned of the threat of a major nuclear accident there. He. stated he had checked damage from a drone strike, which Russia. had actually blamed on Ukraine, but did not say who was responsible. Russian state news firm RIA estimated Foreign Ministry....

Nuclear Power

Russia says Ukraine preparing Kursk nuclear plant 'provocation'.

Russia accused Ukraine on Saturday of planning to attack a nuclear plant in the Kursk region that President Volodymyr Zelenskiy's soldiers have gotten in and blame such a justification on Moscow, Interfax news firm stated. Kyiv rejected that as crazy propaganda. Ukraine launched an attack into Russia's western Kursk region on Aug. 6 to attempt and swing the dynamics of the two-and-a-half year war in its favour after Moscow's 2022 intrusion. Russia's defence ministry said there would be a severe action to any attack on the Kursk power plant, which remains under its control, Interfax reported. It gave no proof...

Nuclear Power

IAEA's Grossi says it's far from safe to restart Zaporizhzhia nuclear plant

It will be hazardous to reboot the Russianheld Zaporizhzhia nuclear reactor in Ukraine as long as war rages around it despite Moscow's wish to fire up the complex, U.N. nuclear watchdog chief Rafael Grossi said on Monday. Grossi held a conference with Russia on the concern last week after officials consisting of President Vladimir Putin told him Moscow intends to restart Europe's biggest nuclear power plant, where the 6 reactors are now closed down as the International Atomic Energy Company has actually suggested on safety premises. The concept, naturally, they have is to reboot at some point. They are not...

Natural Gas

Russia to develop Central Asia's very first nuclear power plant in Uzbekistan

Russia will develop a small nuclear reactor in Uzbekistan, the first such job in postSoviet Central Asia, Uzbek President Shavkat Mirziyoyev stated on Monday at a conference with checking out Russian President Vladimir Putin. The nuclear offer, if implemented, will display Russia's. ability to export not just energy, however likewise high-tech products. to brand-new Asian markets, at a time when the West is increasing. pressure on it through sanctions. Putin stated Russia would put $400 million into a joint. mutual fund of $500 million to finance projects in. Uzbekistan. Mirziyoyev also said Tashkent had an interest in purchasing more. oil...

Nuclear Power

Ban on Russian uranium helps United States build nuclear fuel capability, official says

The U.S. has actually been preparing because 2022 for the possibility that Russian President Vladimir Putin would stop selling it nuclear power fuel, and a. pending ban on Russian imports will assist improve domestic capability. to process uranium fuel, the outbound leading atomic energy. main informed . The U.S. Senate passed legislation on Tuesday that bans the. imports from Russia, the latest relocation by Washington to interfere with. Putin's ability to pay for the full-blown invasion of Ukraine. that started in 2022. The restriction, which is expected to be signed by. President Joe Biden, starts 90 days after enactment, although...

Nuclear Power

IAEA chief states Zaporizhzhia nuclear plant attacks run the risk of harmful shift in Ukraine war

Drone attacks on the Russianheld Zaporizhzhia nuclear reactor in Ukraine need to stop as they might posture a new and seriously unsafe phase in the war, the U.N. nuclear watchdog chief informed his company's. 35nation Board of Governors on Thursday. Drones assaulted Zaporizhzhia, Europe's greatest nuclear power. plant, on Sunday, hitting a reactor building in the worst such. event since November 2022, though nuclear security was not. compromised, the International Atomic Energy Agency (IAEA) has. said. Moscow and Kyiv have consistently accused one another of. targeting the plant since Russia took it weeks after it. got into Ukraine. Both nations...

Nuclear Power

No safety issue from disallowed personnel at Zaporizhzhia nuclear plant, states IAEA chief

U.N. nuclear watchdog chief Rafael Grossi stated on Tuesday there is no direct safety problem from Ukrainian personnel being barred from accessing the Russianoccupied Zaporizhzhia nuclear power plant, which Ukraine has actually called a serious concern. The circumstance is not sustainable in the long term. At the exact same time, in today setup in shutdown, the staff that exists can do the task, International Atomic Energy Agency (IAEA) chief Grossi said in an interview with . He responded: Not straight when asked whether there were any security issues occurring from the staff who are banned from the plant. The Zaporizhzhia...

Natural Gas

Ukraine grid operator orders managed power cuts following damage from Russian attacks

Ukrainian grid operator Ukrenergo stated on Tuesday that power lacks brought on by damage to creating capability from Russian strikes had triggered it to impose regulated countrywide cuts from 2100 to 2400 local time ( 18002100 GMT). The reason is a significant shortage of electrical energy in the system as an outcome of Russian shelling in addition to increased usage due to the fact that of winter, Ukrenergo said. The statement followed officials stated they were turning to record levels of power imports to offset shortages. Ukrenergo gave no details on how the cuts would operate in the areas or...

Nuclear Power

Ukraine prepares record power imports after facilities damage

Ukraine prepares record electrical power imports from five European countries on Monday after reporting considerable energy infrastructure damage from Russian strikes, the energy ministry stated. Imports are expected to rise to 19,484 megawatt hours (Mwh),. beating the record of 18,649 Mwh at the end of March after the. Wave of Russian attacks on Ukraine's energy sector. The power system has been experiencing a substantial. electrical power shortage for most of the day, national power grid. operator Ukrenergo said on the Telegram messaging app. The factor for this is massive damage to Ukrainian. power plants, which means they can not produce...