OPEC Secretary-General Mohammad Barkindo said that the organization registered 133% compliance with agreed output reduction targets in January across all participating OPEC and non-OPEC countries. According to Barkindo, …
The Nord Stream 2 pipeline project has received a permit for construction and operation in German territorial waters and the landfall area around eastern Germany’s Lubmin, the project’s operator said. "The Stralsund …
First Russia's liquefied natural gas (LNG) shipment will be delivered to the US in January: Engie's tanker carrying a cargo from the Yamal LNG project in Russia is heading to Boston as freezing weather in the northeast of the US …
Gas transit through the Baumgarten hub in Austria has been restored, the director of the Gas Connect Austria operator, Harald Stindl, said. "I can report that yesterday we managed to restore all the transit …
Russia is ready to work to extend the Turkish Stream gas pipeline to other European countries only after obtaining substantial legal guarantees from Brussels, Russian Foreign Minister Sergei Lavrov said, speaking at a …
Sberbank CIB analyst Valery Nesterov discussed the impact of US sanctions on Russian energy sector and energy security of Europe
Big data will transform the oil industry and have a disruptive effect on consumer habits, Russian Energy Minister Alexander Novak said. "Big data with regard to energy can not only sharply reduce the cost of …
Russia counts on the European Union's ironclad guarantees on the Turkish Stream pipeline project's second leg, given the disappointing experience of the South Stream project, Russia's Deputy Foreign Minister Alexei …
Egypt, Norway and Turkmenistan made signs of their willingness to join the oil production cuts, Kuwait's oil minister Essam al-Marzouq said. The minister noted that Saudi Energy Minister Khalid …
The cost of the July futures of Brent crude oil on London's ICE trading decreased by 2.8% to $46.63 per barrel, breaking the minimum of November 29, 2016. For the first time since November 30, 2016 the oil price declined below the …
Today, the Central Bank of the Russian Federation announced a conservative forecast for the oil prices
Russia has no plans to begin construction of the second line of the Turkish stream in Europe without any guarantee and approval from the European Commission. "Of course, no one will build it blindly, because it is associated with …
Oil prices will be hovering around $40-60 per barrel in 2017-2019, the Russian Finance Ministry’s Main guidelines for 2017-2019 debt policy said. "The oil price dynamics will still be one of the key risks for the Russian …
Russia and the US should return to the dialogue on energy both countries enjoyed in 2014 before the US and European sanctions, Russia's energy minister Alexander Novak said, speaking to CNBC in Vienna. …
Sberbank CIB analyst predicts situation in the oil markets
OPEC meeting with non-members of the cartel on cutting oil production may be moved from December 9 to 10 from Doha to Moscow, this topic is now being actively discussed by OPEC and Russia, an informed source said. The representative of …
World oil prices have risen sharply after the OPEC decision to limit the level of oil production by 1.2 million barrels per day to 32.5 million. The Agreement will be effective from January 1, 2017. As of 08.51 am (MSK), the …
In order to balance their budgets, largest oil-producing countries in the world require different price of "black gold". According to Bloomberg, this leads to disagreements over the need to reduce oil production level. …
Russia and OPEC countries are studying various mechanisms to stabilize oil production volumes, Russian Energy Minister Alexander Novak said at a press conference in the framework of the "Energy Dialog Russia-OPEC" on …
Russia’s gas transportation infrastructure for gas supply to the marine gas pipeline is ready, the head of Gazprom Alexei Miller said at the meeting with the Russian President Vladimir Putin. According to the intergovernmental agreement, Russia will construct two pipes under the Black Sea to Turkey with capacity totaling 31.5 billion cubic meters of gas, pursuant to the intergovernmental agreement. "According to the schedule, both pipes will be ready by end-2019," he said.
