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Some European short-term natural gas prices could briefly dip below zero this summer if sluggish demand doesn’t catch up with a growing supply glut, Bloomberg reported. Such an event - where producers effectively pay …
The Chinese authorities have proposed expanding oil and gas trade with Central Asia
Oil prices rise after a weekly decline amid news from the US
The Energy Information Administration cut its 2023 and 2024 forecasts for U.S. and global benchmark crude-oil prices, according to the Short-Term Energy Outlook report. "Ongoing considerations about weakening global economic …
Iranian oil production has surpassed 3 million barrels per day, Iran’s Oil Minister Javad Owji said, according to the Oil Ministry’s website SHANA. “Over the last 20 months, Iran’s oil production has reached …
Oil extended losses on Wednesday after plunging 5% in the previous session, as investors priced in expectations for interest rate hikes in the U.S. and Europe and waited for clarity on future policy path. Brent futures dipped 12 cents, …
Russia temporarily halted gas supplies to Armenia on Monday for four days to conduct planned maintenance on a major gas pipeline, Gazprom Armenia said. In a statement, Gazprom Armenia - a subsidiary of Russia's gas giant Gazprom - …
Oil market is now balanced, and its prices fluctuate around $80 per barrel, reacting to the dynamics of related markets and exchanges, Russian Deputy Prime Minister …
Oil prices rose slightly on Thursday, finding some support after heavy losses in the previous two sessions driven by fears of a U.S. recession and an increase in Russian oil exports which dulled the impact of OPEC production cuts. Brent …
The Group of Seven (G7) coalition has decided to keep a $60 per barrel price cap on seaborne Russian oil, despite calls by some countries for a lower price cap, Reuters reported on Monday citing a coalition official. According …
Oil prices continue to soar on Tuesday after OPEC+ countries said they will cut production by 1.15 million barrels per day from May until the end of the year. Brent crude had topped $85 per barrel and WTI was trading at …
Saudi Arabia will voluntarily reduce its oil production by 500,000 barrels per day from May until the end of 2023 in coordination with other members of the oil producers’ alliance, the Saudi Press Agency reported. Russia would …
Russian will extend its voluntary oil production reduction by 500,000 barrels per day from February’s average output until the end of 2023, Russian Deputy Prime Minister Alexander Novak said. "As responsible and preemptive …
Oil prices sank, with West Texas Intermediate plunging below $65 a barrel, as escalating investor concerns about a global banking crisis eroded appetite for risk assets including commodities. U.S. benchmark crude futures retreated as …
Oil prices slump accelerated: Brent fell below $75 per barrel for the first time since late 2021. According to trading data, today, world …
The NOPEC bill, which was recently reintroduced in Congress by a group of legislators, and price caps on oil will only serve to increase instability and uncertainty in oil markets rather than solve any problems, …
In one of the villages of the Stavropol Territory, a burial mound was discovered. Its estimated age exceeds 5,000 years. The unique find was made by specialists who carried out repair work on the gas pipeline. …
The price of gas in Europe at exchange trading fell below $450 per 1,000 cubic meters for the first time since the end of July 2021, according to data from London’s ICE exchange. The price of April futures at the TTF hub in the …
The average price of the Urals export oil blend in February 2022 fell by 1.86 times year-on-year and amounted to $49.56 per barrel, the Russian Ministry of Finance said. "The average price of the Urals oil blend was formed as …
Gazprom is currently researching new markets and intends to begin additional gas pipelines projects in the near future, Gazprom CEO Alexey Miller said in an interview with on Rossiya 1 TV channel. "Diversifying routes is always …
