Gennady Schmal

 Is Middle East displacing Russia from European oil market?

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 …

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

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 …

Sechin: OPEC is losing functions as a market regulator

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 ...