Page 1 - FSUOGM Week 02 2021
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Issue 1108 13•January•2021 Week 02
amco eyes Russia's backyard
Ar
Saudi Aramco is reportedly eyeing a stake in Lotos’ Gdansk oil refinery in
Poland, which is an oil market dominated by Russia.
Saudi sacrifice
Saudi Arabia has helped buoy oil prices by cutting 1mn bpd of production in
February and March voluntarily, handing market share to Russia.
Circumventing US sanctions
A German state is setting up a fund to buy equipment and services for the
Nord Stream 2, in order to circumvent US sanctions.
Ukrainian pipe blast
Ukraine has seen its second gas pipeline explosion in four months, but Russian
gas transit was unaffected as Gazprom steeply cut supplies earlier this month.
