Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s): NUVSF

Energy Oil & Gas E&P

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

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Nuvista Energy Ltd > Russia can meet domestic gasoline demand, energy minister sa

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Post by Carjack on Jun 16, 2023 9:48am

Russia can meet domestic gasoline demand, energy minister sa

Russia's energy minister Nikolai Shulginov said on Friday that there was enough gasoline to meet Russian domestic demand, downplaying the possibility of restrictions on exporting the fuel.

Last month he said that Russia was considering restricting its exports of gasoline and would propose such a measure if needed.

"We discussed export restrictions in relation to rising prices on the wholesale market ... the pressure from the wholesale market on retail ... Otherwise, our market is provided with production, our oil refining is growing as well as the production of motor fuels," Shulginov told Russia-24 TV.

According to the Kommersant daily, Russian gasoline exports grew by 37% year on year to 2.5 million tonnes from January to May, despite the impact of Western sanctions.