page 2
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 …
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 …
Russian Foreign Minister Sergei Lavrov, speaking after talks with Iranian Foreign Minister Mohammad Javad Zarif in Moscow, said that Russia and Iran agreed to cooperate with all signatories to …
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 …
Russia and Turkey failed to agree on Russia's gas prices: Russian President Vladimir Putin admitted following the meeting with his Turkish counterpart Recep Tayyip Erdogan that the sides argued on gas …
After monitoring and analyzing the impact of a pilot project of introducing the excess-profits tax in the oil industry, the Russian Ministry of Energy may propose the final transition to the excess-profits tax in the oil industry, the Russian …
Saudi Aramco was the world's most profitable company in 2018 with net income of $111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp, Bloomberg reported with reference to Moody's Investors …
Germany should not have taken a decision on the construction of the Nord Stream-2 gas pipeline in Europe single-handedly, Munich Security Conference chairman Wolfgang Ischinger believes. “If we want …
The first string of the Nord Stream 2 pipeline is expected to be finished in November, Chief Financial Officer at Nord Stream 2 AG Paul Corcoran said during the European Gas Conference. The construction of the …
Russia may scale down military-technical cooperation with Venezuela, Russian Federation Council member Frants Klintsevich said. "It was a real aggression from the United States in Venezuela, they used …
The global oil market is struck with panic today, despite the fact that the key exchanges - NYMEX in New York and ICE in London - are not working today. As of 10:00 Moscow time, Brent crude futures were trading at $50.6 per …
Oil prices fell to their lowest since the third quarter of 2017 today, heading for losses of more than 10% in a week, as global oversupply kept buyers away from the market ahead of the long festive break. Brent crude fell 77 cents to a …
Russia is ready to cut oil output by 200,000 barrels per day. Russia is ready to cut oil output by 200,000 bpd if OPEC offers to cut more than 1 million bpd, Reuters reported. On December 6, OPEC ministers discussed the oil …
Qatar is withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) early next year, Qatar's energy minister Saad al-Kaabi said. Speaking at a news conference, al-Kaabi said the country would …
Greek Prime Minister Alexis Tsipras, speaking at the 3rd Thessaloniki Summit 2018, attended by Bulgarian and Serbian PMs and the Deputy PM of Romania, said that Greece is actively promoting the initiative to continue building the …
Russia's economy has received almost nothing from high oil prices, as all the income was evened by a net capital outflow, which was intensified as a result of the fear of new sanctions, Chief Economist of VEB development bank …
U.S. President Donald Trump said in a presidential memorandum that he had determined there was sufficient supply of petroleum and petroleum products from nations other than Iran to permit a reduction in purchases from that …
The head of Russia's giant gas company Alexei Miller said it plans to resume imports from Turkmenistan after a three-year break over a pricing dispute. In an interview with Turkmenistan's state television …
Russia's energy, finance and economic development ministries will oblige Russian oil companies to send at least 17.5% of their annual production to domestic oil refineries, according to the instruction given by Russian Prime Minister …
Managing director of the National Iranian Oil Company (NIOC) Ali Kardor said Tehran has no plans for any reduction in the country’s oil output despite the looming US sanctions. "We are not planning on …
