Power of Siberia 2 to divert Europe-bound gas to China
Construction on Russian pipeline will commence in 2024 and will ship 50 billion cubic meters of gas annually through Mongolia
Oil and Gas
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EU prepares for any scenario regarding "Nord Stream" gas supply
The European Commission (EC) is preparing for any scenario regarding the supply of Russian gas to Europe via the "Nord Stream" gas pipeline. This was announced by the representative of the EC at today's briefing. According …
Gazprom officially asks Siemens for Nord Stream turbine paperwork
On July 15, the Russian energy company Gazprom officially turned to Siemens with a request to provide documents that allow to take out the Nord Stream turbine, a message posted on the Telegram channel of the Russian company reads. …
Brent falls below $95 a barrel
According to the trading data, world oil prices continue falling. Thus, by 16:56 (Moscow time) the cost of September Brent North Sea oil mixture futures fell to $95.64 per barrel (a 3.99% drop). A few minutes earlier, Brent fell to …
Oil price drops below $100
Oil prices fell on Thursday as investors weighed tight supplies against the prospect of a large U.S. rate hike that could stem inflation and curb crude demand. Brent crude futures for September were down 18 cents to $99.39 a barrel at …
Oil markets on edge over potential civil war in Libya
Global oil markets are on edge over the specter of another civil war
Brent rises in price by more than 5%
The cost of September for North Sea Brent crude oil futures approached $106 per barrel, according to data from the London ICI exchange. By 17:39 (Moscow time) Brent reached $105.8 per barrel (an 5.09% increase). At the same …
Brent bounces above $101/bbl as focus returns to supplies
Oil prices regained a footing on Thursday from steep falls in the previous two sessions, as investors returned their focus to tight supplies even as fears persisted over the demand outlook amid risks of a global recession. Brent crude …
Oil prices bounce back from Tuesday tumble
Oil prices rose as much as nearly 3% on Wednesday before paring some gains as investors piled back into the market after a heavy rout in the previous session, with supply concerns returning to the fore even as worries about a global recession …
Brent falls below $107 a barrel
According to the trading data on the London Stock Exchange ICE, the price of September futures for North Sea Brent crude oil fell below $107 per barrel. So, by 16:35 (Moscow time) Brent fell to $106.91 per barrel (a drop of …
Gas price in Europe up almost to $1,820
The price of gas in Europe rose almost to $1,820 per 1,000 cubic meters as Tuesday trading opened, according to data provided by London’s ICE. The price of gas futures for August delivery at the TTF hub in the Netherlands went up …
Preparations for delivery of Turkmen gas to Turkey nearing completion
Three options for the delivery of Turkmen natural gas to Türkiye are being worked out, and preliminary activities in this direction are coming to an end, Vice President of Türkiye Fuat Oktay said, according to Turkish media. …
Saudi Arabia balances between Russian Federation and US
Saudi Arabia's push for swifter oil production hikes by OPEC+, which were agreed in June, involved behind-the-scenes diplomacy to ensure Russia backed the move
Shell says Russian oil price cap needs broad participation to work
A proposed price cap on Russian oil exports will only work if countries beyond Europe and the United States join the scheme, Shell Chief Executive Ben van Beurden said. The G7 group of countries agreed on Tuesday to impose a ban on …
Experts explain why oil prices are falling
Energy expert Dan Yergin said there are two reasons why oil prices have dropped in the past month despite a market that is still tight: the Fed and Russia’s special operation in Ukraine. According to …
Israel-Egypt-EU deal temporary but Türkiye p/line offers long-term solution
Europe needs as many alternative sources as possible, expert says
Brent oil slides below $111 per bbl
The price of Brent oil futures with delivery in August 2022 declined by over 3.5% to less than $111 per barrel on the London-based ICE on Wednesday, for the first time since May 20, according to trading data. As of 05:05 Moscow time, …
U.S. asks suppliers to increase oil production
U.S. Energy Secretary Jennifer Granholm shot down President Joe Biden’s claim that he would not meet with Saudi Crown Prince Mohammad bin Salman, completing the administration’s reneging on the …
Indigenous groups in Ecuador defy curfew to protest fuel hike
Indigenous groups are keeping up protests in most of Ecuador’s provinces to demand a reduction of fuel prices and economic reforms
