Gennady Schmal

Is Middle East displacing Russia from European oil market?

A price war between Russia and the oil producers of the Middle East is becoming more intense, the International Energy Agency (IEA) said in its report. The document notes that Iran, Iraq, Saudi Arabia and Kuwait are trying to win …

 Is Middle East displacing Russia from European oil market?

US Department of Energy doesn't believe in freezing oil production

US Department of Energy (EIA) has recently announced its forecasts of world oil prices in the next two years. Against the background of the fact that the leading oil producers in the world are trying to agree on a certain "frozen" level …

US Department of Energy doesn't believe in freezing oil production

Will Ukraine be able to survive in winter without Russian gas?

Ukraine has decided to stop buying Russian gas the week before calendar winter, based on the warm weather, opportunity to take a part of European gas and future price cuts, officials and economists, commenting on cessation of supplies of Russian …

Will Ukraine be able to survive in winter without Russian gas?

Sechin: OPEC is losing functions as a market regulator

The Organization of Petroleum Exporting Countries (OPEC) has invited Russia to become its member, Rosneft CEO Igor Sechin said. He noted that the talks held between Russia and OPEC are quite positive, but ...

Sechin: OPEC is losing functions as a market regulator
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