Oil prices have continued plunging on Friday as the spread of coronavirus worldwide keeps global oil demand low. International Brent crude was trading at $50.22 per barrel at 0600 GMT on the ICE Exchange in London on Friday for a …
Germany expects the Nord Stream 2 pipeline will be launched no later than the first quarter 2021, German Ambassador to Russia Geza Andreas von Geyr said. The diplomat noted that he had discussed this issue with Chairman …
Brent crude, the international benchmark, fell $1.79 a barrel, or 2.95%, to $58.90 per barrel by 0903 GMT, having earlier fallen more than 3% to its lowest level in almost three months. West Texas Intermediate also fell, down by …
Serbia completed the pipelay on its segment of the Turkish Stream gas pipeline, chief executive of Srbijagas Company Dusan Bajatovic said. "Yes, we can state with pleasure that Serbia completed its portion of work, …
Russia has started gas supplies to China via the Power of Siberia pipeline today. The official opening ceremony was attended by Russian President Vladimir Putin and Chinese President Xi Jinping via a TV …
Russia’s position on the future of the OPEC+ agreement cannot be disclosed yet, Russian Energy Minister Alexander Novak said. He said there was no decision yet on whether to exclude Russian gas condensate …
Construction of the second line of the Turkish Stream gas pipeline will be completed by 2020, Russian Foreign Minister Sergey Lavrov said after talks with the Deputy Prime Minister, Foreign Minister of Bulgaria Ekaterina …
Russia’s Energy Minister Alexander Novak expressed an opinion that everyone has forgotten about oil at $100 per barrel. "We live based on mid-term oil price assumptions of $50 ... Our budget is based in …
Poland will not buy Russian gas after 2022, the government’s strategic energy infrastructure commissioner Piotr Naimski said. “Both Baltic Pipe and expansion of the liquefied natural gas (LNG) terminal is …
The European Court of Justice has overruled a European Commission decision that approved Russia’s Gazprom gaining more capacity on the Opal gas pipeline through Germany, Poland’s state-run news agency said on Tuesday, Reuters …
OPEC+, a group of 24 oil-producing countries, look set to extend oil supply cuts this week at least until the end of 2019 as Iran joined top producers Saudi Arabia, Iraq and Russia in endorsing a policy aimed at propping up the price of crude …
Oil prices fell today amid a global economic slowdown that is starting to hit oil demand, triggering calls in producer club OPEC for supply cuts to be extended. Brent crude futures, the international benchmark for oil prices, were …
China and a number of other states have stopped buying oil from Iran after the U.S. announced a decision not to extend exemptions from its sanctions for certain countries, the Wall Street Journal reported, citing sources in the Iranian oil …
The updated EU Gas Directive came into effect today, European Commission Spokesperson Anna-Kaisa Itkonen confirmed. “A procedure has been launched to adapt the national legislations of the EU …
The net profit attributable to shareholders of Russian gas giant Gazprom doubled to 1.456 trillion rubles in 2018, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement posted on its website. …
The EU Council approved the amendments to the Gas Directive on the undersea parts of pipelines, including Russia’s Nord Stream-2. "The Council today [April 15] formally adopted an amendment to the so-called gas directive …
The OPEC states reduced oil production by 534,000 barrels a day in March to 30.02 million barrels a day, mostly due to reduction in Saudi Arabia, Venezuela, Iraq and Iran, OPEC said in a report. Thus, the OPEC+ oil output cut deal was fulfilled …
Russia’s Energy Minister Alexander Novak said that the share of liquefied natural gas (LNG) on the global gas market may double to reach 70% by 2040. According to him, the segment of LNG production has "huge …
Retail prices of the regular (Ai-92) and the premium (Ai-95) gasoline declined in a number of Russian regions last week, according to data provided by the Central Dispatching Department of Fuel Energy Complex. It was the first decline …
Oil rose today, shaking off persistent concern about the outlook for demand after the U.S. government said it could impose sanctions on OPEC member Venezuela's crude exports. Brent crude futures were up 10 cents at $61.24 a barrel …
