Against the backdrop of a price war between Riyadh and Moscow, Iraq and Kuwait, following the example of Saudi Arabia, decided to lower oil prices, reports Bloomberg. Now prices continue to fall, however, Deputy Minister of Energy of the …
Yesterday, commentingon Russia's withdrawal from the OPEC + to Reuters, Russian Deputy Minister of Energy, 34-year-old Pavel Sorokin expressed the opinion that it is inappropriate to cut oil production "in a situation of falling …
There is no decision to extend the OPEC + deal to reduce oil production, Russian presidential spokesman Dmitry Peskov said today. The OPEC + Ministerial meeting may take place in late February or early March. Since the beginning of 2020, oil …
Construction of the second line of the Turkish Stream gas pipeline will be completed by 2020, Russian Foreign Minister Sergey Lavrov said after talks with the Deputy Prime Minister, Foreign Minister of Bulgaria Ekaterina …
Poland will not buy Russian gas after 2022, the government’s strategic energy infrastructure commissioner Piotr Naimski said. “Both Baltic Pipe and expansion of the liquefied natural gas (LNG) terminal is …
U.S. oil sanctions against Iran and Venezuela increased demand for oil from Russia, which allowed Russian exporters to earn at least $905 million in additional revenues between November and July, according to Bloomberg’s calculations. …
Turkey would like to see transferring natural gas from its Turkish Stream project to Serbia, Turkish President Recep Tayyip Erdogan said during a joint press conference with Serbian counterpart Aleksandar …
Russia and Saudi Arabia believes that the oil output cut deal would be extended unless the market became balanced, Russian Energy Minister Alexander Novak said. The energy ministers of OPEC and non-OPEC countries agree …
Russia's Gazprom snagged the number 1 spot in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, ending U.S. oil and gas giant ExxonMobil's 12-year reign at the top of the list Germany's E.ON …
New US sanctions against Russia may increase uncertainty on European gas markets, international rating agency S&P Global Ratings said in a statement. S&P Global Ratings said it currently believes that if, as a result of new …
Ukraine’s supreme economic court dismissed on Tuesday the appeal of Russian energy giant Gazprom which was demanding a reversal of the decision of lower courts on enforced recovery of around $6.4 billion in fines from the country in favor …
The ruble exchange rate is strengthening against the dollar and the euro on the Moscow Stock Exchange: the dollar declined by 0.18 rubles and was worth 55.9 rubles, The euro exchange rate fell 0.24 rubles and was worth 59.65 …
The prices of May futures for Brent oil have declined by 2.7% to $51.62 per dollar on the ICE Exchange in London for the first time since the early December 2016. The April futures for WTI oil fell to $48.88 per barrel at the New York Mercantile …
Head of the Center for International Energy Markets Studies on the effects of oil production cut
Work to bring onstream the giant Kashagan oil field in Kazakhstan is going normally and some crude has already been processed and put in storage, Kazakh Energy Minister Kanat Bozumbayev said. Four wells were …
The head of the Center for International Energy Markets IES RAS tells how to the oil market has changed
Russian and Turkish presidents, Vladimir Putin and Recep Tayyip Erdogan, held talks in St. Petersburg yesterday. At the press conference held after the meeting, Vladimir Putin said that Moscow and Ankara would …
In 2018 in Russia can reset the export duty on oil, while increasing the taxes on production. Respective capabilities considering the Russian government. According to Bloomberg, these measures will deprive Belarus and Kazakhstan …
Poland's refusal to renew a long-term gas supply contract with Russia after 2022 does not mean that Europe started to curtail the procurement of 'blue fuel' from Russia, Russian energy scientists Vyacheslav …
Republics of South Caucasus are Russia's neighbors not only with rich mutual history, but also a common future, the head of the Center for International Energy Markets ERI RAS, Vyacheslav Kulagin, said in an interview with Vestnik Kavkaza, …
