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According to trading data on the London ICE exchange, today, Brent with delivery for January rose to above $99 per barrel for the first time since August 30. By 18:33 Moscow time, the price of Brent rose by 0.53%, reaching $99.09 per …
China’s crude oil import levels will continue to be one of the factors to watch in the oil market this winter, but the world’s top importer will have a relatively limited influence on an oil market buffeted by an energy crisis, …
Another pipeline could be built to strengthen the TurkStream pipeline as part of the creation of a gas hub in the country, Ibrahim Kalin, spokesman for Turkish President Recep Tayyip Erdogan, said on Friday. "By making this …
Oil prices settled up by more than 5% on Friday amid uncertainty around future interest rate hikes by the U.S. Federal Reserve, while a looming EU ban on Russian oil and the possibility of China easing some COVID restrictions supported …
Nord Stream AG said on Wednesday that it completed initial data collection from the site of damage at the first line of the Nord Stream in Swedish exclusive economic zone, having found man-made craters and a completely destroyed section of …
The Biden administration’s effort to roll out a price cap on Russian oil has hit delays, as the Treasury Department tries to ease industry concerns about the novel sanctions regime at the center of the West’s economic battle …
The Georgian national energy and water supply regulatory commission has responded to "false information" that alleged an anticipated increase in natural gas tariffs in December, saying the report is "not true and a deliberate …
The participants in a two-day EU summit in Brussels condemned the acts of sabotage against critical infrastructure such as the Nord Stream gas pipelines and promised a united and determined response, says the final statement of the EU summit, …
Oil steadied on Friday as investors weighed the impact of sharp interest rate rises on energy consumption, offsetting hopes of higher Chinese demand and output cuts by OPEC and its allies. Brent crude was down 2 cents at $92.36 a barrel …
South Stream Transport B.V. has received the extension of the export license from authorities of the Netherlands, the TurkStream gas pipeline operator said on Wednesday. "On Monday October 17, 2022, South Stream Transport B.V. was …
White House press secretary Karine Jean-Pierre said that an investigation of damage on the two Nord Stream gas pipelines is going to be a long process. "The President has been very clear that it was clearly a …
The price of gas in Europe fell below $1,100 per 1,000 cubic meters for the first time since June 15, according to London’s ICE. The November futures price at the TTF hub in the Netherlands fell to $1,090.5 per 1,000 cubic meters …
Oil prices climbed on Wednesday, paring losses from the previous session, as investors jumped into more risky assets such as commodities amid gains in broader equity markets and on signs of renewed demand from top oil importer China. …
Pakistan’s Ambassador to Moscow Shafqat Ali Khan hopes that the construction of the Pakistan Stream gas pipeline can begin in 2023 and the tone for this process will be set by the intergovernmental commission of the two countries [Russia …
The price of gas in Europe on Monday fell below $1,400 per 1,000 cubic meters for the first time since the end of June, according to London’s ICE. The price of November futures at the TTF hub in the Netherlands fell to $1,351 per …
It will be possible to redirect gas volumes ordinarily delivered by Nord Stream via a hub in Turkey if the necessary infrastructure is created, Gazprom CEO Alexei Miller has indicated. "You know, nothing's impossible," …
The decision to set a price cap for Russian gas in Europe, if such a decision is made, will be a violation of the contractual terms and will entail the termination of supplies, the head of Gazprom, Alexey Miller said in the …
Russia will not supply oil to countries attempting to limit the cost of its raw materials through various caps, Deputy Prime Minister Alexander Novak said during the Russian Energy Week forum. "It is unclear where this figure has …
U.S. Treasury Secretary Janet Yellen said that a price cap on Russian oil exports in the $60-a-barrel range would likely be sufficient to reduce Moscow's energy revenues while allowing profitable production. Yellen told an event at …
Hungary and Serbia agreed to construct a pipeline between the two countries so that Russian oil from the Druzhba oil pipeline can be supplied to Serbia via Hungary, official spokesman of the Hungarian government Zoltan Kovacs said on Monday. …
