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The price of gas in Europe fell below $650 per 1,000 cubic meters on Monday for the first time since the beginning of September 2021, according to London’s ICE. The price of February futures at the TTF hub in the Netherlands fell …
Russia's budget revenues from the oil and gas industry grew 28% annually in 2022, Russian Deputy Prime Minister Alexander Novak said during a government meeting shown on state television on Monday. According to Novak, that increase …
Today, UAE Minister of Energy Suhail al-Mazrouei announced the reduction in oil production capacity of OPEC + countries by 3.7 mn barrels per day. The main reason is underinvestment in 2020-2022. "OPEC+ countries produce up to 40% …
The United States and its Western allies are preparing fresh sanctions on the Russian oil sector, including a cap on refined petroleum products, the Wall Street Journal reported, citing people familiar with the plans. U.S. Treasury …
Discount on Russian oil grew in January mainly due to the rise in freight prices, Russian Deputy Prime Minister Alexander Novak said. "I hope that this situation will be temporary. The discount should decrease over time, as we …
The last month has been a month of celebration in the European Union. Gas demand is down because of the unusually warm weather. As a result, prices are down, and the crisis, according to analysts, appears to be averted. The problem is that …
The U.S. administration is delaying the replenishment of the nation’s emergency oil reserve after deciding the offers it received were either too expensive or didn’t meet the required specifications, according to people familiar with …
Oil prices were little changed on Friday as the market balanced a weaker U.S. dollar and mixed U.S. jobs reports, but both crude benchmarks ended the first week of the year lower due to global recession concerns. Brent futures fell 12 …
According to the forecast of the Swiss bank UBS Group AG, this year, oil prices will go up due to the continued underinvestment of the oil industry and the significant growth of the Chinese economy. The bank's analysts expect Brent …
Oil prices held in a narrow range on Tuesday, though the outlook for demand was clouded by a weak manufacturing activity survey from China, and a warning from the head of the International Monetary Fund that the global economy faced a tough year …
Having finally ditched its zero-Covid policy, China is now experiencing a wave of Covid cases. The Chinese purchasing managers’ index, which tracks manufacturing and service sectors, slumped well below economist’s expectations in …
The global oil supply map may be reshaped indefinitely as a result of the crisis in Ukraine, with the G7 group of nations imposing sanctions on Russia as well as a price cap on Russian crude. But the potential impact from a wider downturn in …
Oil prices dipped on Thursday as surging COVID-19 cases in China dimmed hopes of a recovery in fuel demand for the world's largest crude oil importer. Brent futures for February fell 26 cents, or 0.3%, to $83.00 a barrel by 0430 …
According to trading data on the London ICE exchange, Brent crude rose above $86 per barrel. Thus, at 19:30 (Moscow time) the price of March futures for Brent oil rose to $86 per barrel (a 1,78% rise). December 5, 2022 was the last time …
Nord Stream AG has begun appraising the damage to the Nord Stream 1 and 2 pipelines in the Baltic Sea and restoring gas flow, the New York Times reported, citing a source. According to the source, one repair estimate puts the cost at …
Hydrogen power, oil price fluctuations and electric vehicles could feature prominently in the region in 2023
Repairing the Nord Stream pipeline is still feasible but it would take time and money, Russian Deputy Prime Minister Alexander Novak said in an interview. It’s not yet possible to say how long potential repairs would take and how …
Oil production in Russia is stable, as companies have reconfigured their supply chains, Russian Deputy Prime Minister Alexander Novak said in an interview with Rossiya-24 TV channel. "In the oil industry, we [authorities] helped to …
Saudi Arabia's revenue in October from crude oil exports and products such as diesel, fell to the lowest figure since February, the kingdom's statistics office said on Thursday. The office reported that in the month of …
Asian spot liquefied natural gas (LNG) prices rose this week as a cold snap boosted winter demand and sent some Chinese players back to the market, narrowing the spread with Europe, where gas demand for heating rose above 2021 levels. The …
