... long-term implications for energy cooperation and sanctions policy. "The list of potential bilateral projects in energy is extremely broad – from oil production in the Kara and Okhotsk seas to the import of technologies for LNG production and supplies of Russian oil for American refineries using high-sulfur feedstock. Specific directions will depend on the speed of sanctions lifting and assessments by American companies of the long-term prospects for doing business in Russia," stated ...

... 23. In 2023, Russia exported 107 million tons of oil to China (+24%), increasing its share of China's oil imports to 19% (+2 percentage points compared to 2022). Broader Energy Cooperation Russia's energy cooperation with China extends beyond oil supplies. Since 2019, Russia has exported $311 billion worth of energy products to China, according to China’s General Administration of Customs. Supply volumes grew 2.2 times from $43 billion in 2019 to $95 billion in 2023. Moscow and Beijing are also ...

... resulting in lower than usual gas withdrawals during the cold season. A reduction in gas consumption in European industry and energy sectors due to conservation measures and a shift to alternative sources following high prices in recent years. High supplies of liquefied natural gas ( LNG )—approximately 12 billion cubic meters of LNG (primarily from the U.S., Qatar, and other exporters) entered Europe in June, setting a record for summer month imports. Preliminary estimates suggest that this trend ...

... surplus. Brent prices remain firmly below last year's highs. Several analysts believe that if current trends persist, the average price of Brent could drop to the $50–55 per barrel range by 2026. Gas Market: Europe Prepares for Winter with Record Supplies The gas market is centered on Europe, which is confidently preparing for the upcoming heating season. EU countries are rapidly filling natural gas underground storage: according to the latest data, the average storage level has exceeded 90%, ...

On August 11, 2025, the energy sector experiences significant changes: the West lowers the oil price ceiling, considerably impacting global oil markets. Meanwhile, Europe takes active measures to replenish its gas supplies in light of the upcoming autumn cold and rising energy needs. These events underscore the importance of energy sector news for understanding current trends, including oil, gas, and electricity prices. We will explore how this event affects the ...