Russia prepares for falling oil demand
Russia mulls producer support
The Kremlin may change rules to soften the blow of any drop in production
Russia’s oil producers may still have a stay of execution from maximum pain caused by collapsed demand after the Putin’s regime’s invasion on Ukraine in late February. But plans are being considered to try to lessen the blow once its full impact is felt. Delays until all announced bans of Russian oil imports come into force and some success in rerouting volumes that might previously have landed in Europe to more willing Asia-Pacific buyers have taken a portion of the sting out of the demand crunch. And there is also a delay between a slide in demand and the need to throttle back output. “As the Covid-19 pandemic showed, there is about a two-month lag between demand fall and production reduct
Also in this section
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
