Oil and Gas

Mothballing of damaged Nord Stream 2 gas line authorized

Mothballing of damaged Nord Stream 2 gas line authorized

The Danish Energy Agency issued a permit to Nord Stream 2 AG, the Nord Stream 2 gas pipeline, for mothballing of the damaged pipeline, the authority said. "On January 28, 2025, the Danish Energy Agency issued a permit …

Russia and Iran agree on gas pipeline route via Azerbaijan

Russia and Iran agree on gas pipeline route via Azerbaijan

Russia and Iran have agreed on a gas pipeline route to the Islamic republic through Azerbaijan, negotiations are in the final stage of agreeing on the price of supplies, Russian Energy Minister Sergey Tsivilyov said. …

Russian Foreign Ministry: Turkish Stream under threat

Russian Foreign Ministry: Turkish Stream under threat

The United States is planning to sabotage the Turkish Stream just like the Nord Stream pipelines, Russian Foreign Minister Sergey Lavrov said. The diplomat alleged Washington is facilitating terrorist attacks on energy …

Oil returns to $80

Oil returns to $80

Brent oil futures almost reached $80 per barrel during today's trading in London, while WTI also showed growth, rising to $75.

Gas prices in EU soar in anticipation of Ukrainian transit halt

Gas prices in EU soar in anticipation of Ukrainian transit halt

Gas prices in Europe rose to their highest since November 27, 2023, $536 per 1,000 cubic meters during exchange trading, amid expectations that Russian gas transit through Ukraine will cease on January 1, according to data from the London ICE …

Brent prices climb above $80

Brent prices climb above $80

Brent oil futures with delivery in December moved up above $80 per barrel on the London-based ICE yesterday for the first time since August 29, according to market data. Brent futures had gained 2.75% to $80.2 a barrel but rolled back …

'Black Monday' crashes Asian stock markets, bitcoin and oil

'Black Monday' crashes Asian stock markets, bitcoin and oil

Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 "Black Monday" loss, as fears of a U.S. recession sent investors fleeing from risk while wagering that rate cuts would be needed to rescue …

Oil price going up

Oil price going up

Brent oil futures with delivery in August climbed above $87 per barrel at the London-based ICE for the first time since April 30, 2023, according to trading data. Brent prices edged up by 0.46% to $87.04 a barrel. WTI futures …

Oil prices plummet once again

Oil prices plummet once again

Oil prices eased on Tuesday, extending losses from a four-month low in the previous session, according to trading data. Brent crude futures …

IEA: global oil production drops

IEA: global oil production drops

Global oil production in April 2024 decreased by 200,000 barrels per day (bpd) to 102 mln bpd, according to the International Energy Agency (IEA). It …

Saudi oil price to increase for Asia

Saudi oil price to increase for Asia

Saudi Arabia raised the price of its crude to Asia for a third consecutive month, as the kingdom tries to tighten the oil market to prevent a global …

Gas supplies to China rise to record high

Gas supplies to China rise to record high

China imported 6.060 billion cubic meters of natural gas through pipelines in January 2024, which is a record for the country's gas industry, the Chinese customs service said. China receives pipeline gas from five countries: Russia, …