Oil news
Trump's Radical Ukraine Pivot
In an abrupt change showing his frustration with Russian President Vladimir Putin, US President Donald Trump said Ukraine could win back all of its territory from Russia with the help of its European allies. Trump has previously said both sides would have to cede land to end the war. Russia currently controls around one-fifth of Ukrainian territory, including the Black Sea peninsula of Crimea, which was illegally annexed in 2014. After a speech at the UN General Assembly where he called on European allies during his address to immediately stop…
Categories: Oil news
Novatek Restarts Oil Export Unit After Drone Attack
One of Russia’s biggest energy companies and exporters, Novatek, has resumed gas condensate processing at its second unit at Ust-Luga, a major complex and export port on the Russian Baltic Sea, a month after it was damaged by a Ukrainian drone attack, market sources told Reuters on Wednesday. Until the unit was fixed to become operational again, Novatek rerouted approximately 70,000 metric tons of gas condensate to the Black Sea port of Novorossiysk. The Ust-Luga complex, operated by Novatek, was hit by a Ukrainian drone…
Categories: Oil news