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Do refinery attacks matter for the Russian state budget?
They mostly don't - this sounds counterintuitive, but let me explain, how it works
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Sergey Vakulenko
Fire from the sky vs. fossil fuels
The Ukrainian campaign against the Russian refining sector is already 2 months old. The intensity has subsided after the peak before the Russian…
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Sergey Vakulenko

January 2024

September 2023

July 2023

What is in the cards for the Russian oil indstry?
A ten-years lookahead on the prospects of the wounded giant
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Sergey Vakulenko

June 2023

Is Power of Siberia 2 a white elephant?
What is the economics and the politics around the troublesome gas pipeline from Yamal to China?
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Sergey Vakulenko

April 2023

When a thaw helps to win an (economic) war
How important was the weather factor in the resolution of the energy crisis of 2022-2023?
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Sergey Vakulenko
1

February 2023

January 2023

The Cap of Smoke and Mirrors
A closer look at the Russian oil price cap workings
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Sergey Vakulenko
1

November 2022

Don't ask the question if you are not prepared to stomach possible answers.
First of the legal battles between Gazprom and its Western buyers brought fruits - interesting ones.
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Sergey Vakulenko
The Great Energy War of the 2022 - what's next?
Six months ago I have started this Substack with a multi-part story, looking at the energy war that was just about to begin. Most of the projections…
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Sergey Vakulenko
3

September 2022

Was Gazprom drowning in gas this summer?
Gazprom is flaring gas next to the inlet of the shut-off Nord Stream. Is it the last resort to dispose of the unsold gas?
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Sergey Vakulenko
1
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