🇷🇺 Russia · Energy
60 storiesNovak puts Russia's domestic gasoline shortage at about 5%, says situation is improving
Deputy Prime Minister Alexander Novak said on 16 October that a partial gasoline shortage of about 5% remains on Russia's domestic market. He said the situation is still tense but has improved over the last few weeks, with imports covering …
SOCAR says Azerbaijan wants to buy gas from Gazprom again, gives no volumes or timing
Azerbaijan's state oil company SOCAR intends to resume buying gas from Russia's Gazprom, SOCAR vice-president Elshad Nasirov (Эльшад Насиров) said at Russian Energy Week on October 16. He said there was as yet nothing concrete on possible v…
Brent crude reaches $110 a barrel, highest since 20 May, amid diesel deal doubts
Brent crude rose to $110 a barrel for the first time since 20 May, Kommersant and TASS reported on 16 October. RBC linked the rise to growing doubts about the diesel deal, and Kommersant said a US Democratic House member's move to block the…
Novak says first Russian diesel deliveries to US need at least two to three weeks
Russia's first diesel deliveries to the United States are possible in at least two to three weeks, Deputy Prime Minister Alexander Novak said on October 15. He said contracts, loading and vessel chartering still had to be arranged, although…
Russia to keep importing gasoline through at least end of 2026, Novak says
Russian companies will continue importing gasoline through at least the end of 2026, Deputy Prime Minister Alexander Novak said. Imports account for about 10% of domestic consumption and are intended both to supply the market and rebuild st…
Russia considers LPG export ban for non-producers through end of 2026
Russia is considering banning liquefied petroleum gas exports by non-producers through the end of 2026, Deputy Prime Minister Alexander Novak said. No decision has been made, and the Energy Ministry is examining the option.
Russia forecasts coal-sector loss of 324 billion roubles in 2026
Russia's Energy Ministry estimates coal companies will record a loss of 324 billion roubles in 2026, according to reports from Russian Energy Week on October 15. Deputy Energy Minister Dmitry Islamov said losses could fall to 100 billion ro…
Peskov declines to name other potential buyers of Russian diesel
Kremlin spokesman Dmitry Peskov declined on October 15 to identify countries other than the United States interested in buying Russian diesel. He said it was not appropriate to discuss those countries publicly.
Novak says Russian firms ready for diesel exports as contract talks continue
Russian Deputy Prime Minister Alexander Novak said on October 15 that oil companies were ready to ship diesel immediately, but commercial contract talks were continuing. He said arranging contracts, loading fuel and chartering a vessel woul…
Russian and US companies discussing diesel supplies, Novak says
Russian Deputy Prime Minister Alexander Novak said on October 12 that Russian companies were discussing diesel supplies with buyers and that talks were also taking place between the Russian and US energy ministries. The discussions follow R…
Russia starts lifting diesel export restrictions ahead of schedule, Novak says
Russia is immediately beginning to lift restrictions on diesel exports earlier than planned, Deputy Prime Minister Alexander Novak said on October 9. Earlier in October the government had extended a ban on exports of diesel, marine fuel and…
Saudi Aramco chief warns world oil reserves are “frighteningly low”
The head of Saudi Aramco, Amin Nasser, said at a London energy forum that world oil reserves that cushion supply disruptions have fallen to a “frighteningly low” level, and that pressure on crude and refined product markets will grow until …
OPEC+ seven keep November oil output quotas unchanged
Seven OPEC+ countries decided at an online meeting on 4 October 2026 to keep their oil production quotas unchanged for November, according to an OPEC press release. Russia's quota stays at 9.949m barrels a day, Saudi Arabia's at 10.478m, wi…
Trump blames Ukrainian refinery strikes for US gasoline price rise
US President Donald Trump said rising gasoline prices in the United States are caused by Ukrainian strikes on Russian refineries and by refinery closures in Democratic-run states such as California, and not by the Strait of Hormuz. Russian …
Vitol CEO says Western countries have exhausted available oil stocks
Russell Hardy, CEO of Vitol, the world’s largest independent oil trader, said at the Energy Intelligence Forum in London that Western countries have exhausted the oil stocks available to them. He said the oil products market remains very de…
Reuters: Russian and US officials discussed a US investor for Nord Stream pipelines
Senior Russian and US officials have held talks on bringing an American investor into the Nord Stream gas pipelines, Reuters reported citing unnamed sources, as relayed by Russian outlets on 8 October. Russian presidential special envoy Kir…
Politico: EU faces up to 14 bcm winter gas shortfall as storage hits lowest since 2011
Politico reports, citing the Institute for Energy Economics and Financial Analysis (IEEFA), that the European Union could face a gas shortfall of up to 14 billion cubic metres in the winter of 2026/2027, about 7% of EU demand, according to …
EU Commission warns of “very difficult winter” over energy prices
A European Commission spokesperson, Anna-Kaisa Itkonen, said the EU is heading into a very difficult winter because of energy prices, despite G7 measures to stabilise the market. The G7 agreed on 2 October to release up to 100 million barre…
Ukraine introduces emergency power cuts in several regions, including Kyiv
Emergency power cuts were introduced in several regions of Ukraine, the company Ukrenergo said on October 9, after scheduled outages were announced on October 7 and 8. TASS attributed the cuts to damage to energy infrastructure, while Ukren…
Russia ready to ship diesel to US market in October, Deputy PM Novak says
Russian Deputy Prime Minister Alexander Novak said on October 9 that Russia is ready to supply 300,000 tonnes of diesel to the US market and other partners in October, rising to 500,000 tonnes in November and 1 million tonnes in December. H…