How will Trump's ideas affect the oil market?
Trump expects that energy resources will make the USA a rich country again. His plans include doubling oil and gas production in the country.
Oil and Gas
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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
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 …
Bulgaria announces imminent resumption of Azerbaijani gas supplies
Azerbaijan is expected to resume gas supplies to Bulgaria on January 15, the Bulgarian News Agency said, citing the Bulgarian state-owned gas distributor Bulgargaz. "Deliveries of natural gas from Azerbaijan are …
Attack of Turkish Stream pipeline dangerous for European consumers - Peskov
The attempt to attack the Turkish Stream pipeline compressor station is a very dangerous link in the chain of similar actions, Kremlin …
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 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 …
Azerbaijan supplied 43 bln cubic meters of gas to EU
Gas supplies to Europe from Azerbaijan are growing
Iğdır-Nakhchivan gas pipeline to open in coming weeks
Turkish Energy Minister spoke about the progress of the Iğdır-Nakhchivan gas pipeline project's opening. The gas pipeline should ensure Nakhchivan's independence from Iranian gas supplies.
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 …
OPEC+ to increase oil production
In a few months, OPEC+ will begin to increase oil production
Why oil prices fall below $70?
The price of oil reached a record low this week. The price per barrel of Brent fell below $70.
'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
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 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
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 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
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, …
Iran accuses Israel of gas pipeline sabotage attack
Iranian Oil Minister Javad Owji has accused Israel of committing acts of sabotage on February 14 aimed at disabling the country’s main gas pipeline. According to the …
Uzbekistan to allocate $500 mln in pipelines to increase Russian gas imports
Uztransgaz will modernize its main gas pipelines to increase gas imports from Russia by attracting investments of up to $500 million for it, according to the investment program adopted by the government of …
