What else does Russia export, beyond oil and gas?
Russia is a key supplier of not just oil and gas, but also wheat, metals and fertilizers.
Tag: petroleum products
Eni CEO: Europe Will Have To Rely On U.S. Oil To Replace Russian Supply
Europe is set to increase its reliance on oil imports from the United States after the EU embargo on Russian seaborne crude imports enters into force in early December, Claudio Descalzi, chief executive of Italy’s energy group Eni, told Bloomberg in an interview on Monday.
Eni CEO: Europe Will Have To Rely On U.S. Oil To Replace Russian Supply
Why The West Is Easing Its Sanctions On Russia
While the EU remains determined to punish Russia for its invasion of Ukraine, a shortage of energy and food is forcing the group to ease sanctions.
Why The West Is Easing Its Sanctions On Russia
US imposes fresh sanctions on companies involved in oil trade with Iran
After a recent visit to Iran, UN special rapporteur for human rights Alena Douhan claimed that US sanctions have gravely affected the lives of common Iranians and were even responsible for a significant number of deaths in the country
US imposes fresh sanctions on companies involved in oil trade with Iran
Domestic Crude Oil Peaked at $145 a Barrel in 2008. It Closed Yesterday at $118.50. So Why Is Gas at the Pump at All-Time Highs?
Part of that, as the above stories illustrate, is just plain ole price gouging. But the big picture is more complicated than that. According to the EIA, in addition to the 61 percent of the price of a gallon of gas that comes from the cost of crude oil, the other 39 percent shakes out as follows: the costs of refinement (14 percent), distribution and marketing (11 percent), and taxes (14 percent).
And refining* looks to be a particular problem right now. The EIA reports that as of January 1, 1982, the U.S. had 301 refineries in operation. That compares to just 129 in operation as of January 1, 2021.
Related:
*Chevron CEO says there may never be another oil refinery built in the U.S.
Previously:
More Oil From U.S. Strategic Petroleum Reserve Heads To Europe
US allows some foreign investment in areas outside govt. control in Syria
China and Russia sign new deals on energy cooperation
China and Russia announced a significant strengthening of cooperation in energy sector, with major oil and gas corporations from two nations signing new deals this week.
China and Russia sign new deals on energy cooperation
Ms. Cat’s Chronicles 