Austrian energy major OMV has been ramping up purchases under its long-term contract with Gazprom Austrian energy conglomerate OMV purchased an average of 5.4 terawatt-hours –or over 55 million cubic meters– of Russian natural gas on a monthly basis last quarter, according to a statement from the company on Tuesday.
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Major oil producers are concerned about the price cap imposed by the Group of Seven nations on Russian crude exports, Oman’s energy minister, Salim Al-Aufi, said in an interview with Bloomberg. The limit on Russian seaborne oil, set at $60 per barrel, was introduced by the EU, the G7 countries, and Australia on December 5.…
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Talks on extending the agreement have thus far not produced results, according to Dmitry Peskov The window to extend the Black Sea grain deal is shrinking, the Kremlin warned on Tuesday, as it accused the West of failing to keep its side of the bargain to allow Russian agricultural exports.
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