• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 3 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 2 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 18 hours Corruption On The Top: Netanyahu's Wife Charged With Misuse of Public Funds for Meals
  • 7 hours Saudi Arabia turns to solar
  • 4 hours Why is permian oil "locked in" when refineries abound?
  • 11 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 hour Could Venezuela become a net oil importer?
  • 7 hours Teapots Cut U.S. Oil Shipments
  • 6 hours Oil prices going down
  • 7 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 23 hours Sell out now or hold on?
  • 23 hours Could oil demand collapse rapidly? Yup, sure could.
  • 24 hours Gazprom Exports to EU Hit Record
  • 22 hours "The Gasoline Car Is a Car With a Future"
  • 8 hours Putin Says 'Fierce' U.S. Politics Hindering Summit With Trump
  • 17 hours EU Confirms Trade Retaliation Measures vs. U.S. To Take Effect on June 22
Russia Gears Up To Boost Oil Production In July

Russia Gears Up To Boost Oil Production In July

According to export schedules and…

Oil Demand Growth Could Start To Soften Soon

Oil Demand Growth Could Start To Soften Soon

Non-OECD markets are one of…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Pro-Russian Rebels In the Dark As Ukraine Turns Lights Off

Kiev

Moscow announced on Tuesday that it would begin supplying electricity to pro-Russian rebels in the eastern parts of Ukraine, which has suffered from a blackout induced by Kiev due to unpaid bills, according to reports emerging from the area.

"Cutting the power supply to the Luhansk region is yet another step by Ukraine to push those territories away," Kremlin press point Dmitry Peskov said in Moscow.

Approximately three million people in eastern Ukraine will be supplied Russian electricity, though it is unclear when or how this initiative will be carried out.

Vladislav Deinego, the regional leader of pro-Russian separatists, said that territories under his control had begun to receive the Russian electricity through preexisting infrastructure.

Kiev’s Deputy Minister for Occupied Territories, Georgiy Tuka, said Ukraine had expected Russia to step in and provide power for those residing in the areas taken over by the Russian military and allied soldiers three years ago.

"This past night, we completely halted energy supplies to the temporarily uncontrolled portions of the Luhansk region," Vsevolod Kovalchuk, head of the Ukrenergo state power distribution company, posted on Facebook on Monday.

Russian hackers have targeted Kiev’s power grid in the past, which resulted in a blackout in parts of the capital. In fact, the first known power outage as a result of a cyber-attack occurred one year before that, when Russian hackers took down the power grid in western Ukraine in December 2015.

Related: Low Oil Prices Force Abu Dhabi To Sell U.S. Assets

The conflict between Russia and Europe-backed Kiev has spilled into natural gas pricing deals as well.

In early April, the Russian gas company Gazprom claimed around $50 billion from Ukraine’s Naftogaz during a round of international arbitration over gas pricing contracts, and the claim could potentially swell to $80 billion, according to Naftogaz chief commercial officer Yuriy Vitrenko.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News