Tuesday, February 27, 2024
The amount of Russian coal imported by Thailand almost doubled in January-November from a year earlier, even as the country’s overall imports fell as a result of slower economic growth, Argus Media reported. Thailand imported 946,000tons of Russian coal in the first 11 months of 2019, up from about 494,000tons...
When the European Union imposed sanctions against Russia in 2014 over Moscow’s annexation of Crimea and the destabilization in Eastern Ukraine, Norwegians were among the European residents not allowed to buy or sell new bonds, equity or similar financial instruments with a maturity exceeding 90 days issued by Russia’s...
The Metinvest Group has donated 34 tonnes of fuel to the local community in order to continue helping the citizens of Avdiivka, a press release from SCM states. The town's key infrastructure will be supported by the precious fuel, and tank cars will transport residents to safer locations. Considering how scarce...
A Vietnamese company is no longer seeking U.S. financial support to build a coal-fired power plant in Vietnam, bringing the planned project to an abrupt end, The New York Times reports. The joint project was supposed to be a closely watched test of whether Washington would back international projects...
The Russian Energy Ministry has raised its forecast for the country’s oil production in 2018 to 551 million tonnes and to 555 million tonnes in 2019, minister Alexander Novak told reporters on Wednesday. "Due to the recent decision on the OPEC+ deal on the gradual increase in oil production, we...
Gazprom PJSC said Friday that pretax profit fell 82% in the second quarter on the back of falling oil prices and energy consumption due to the coronavirus pandemic. The Russian oil-and-gas company said pretax profit dropped to 25.4 billion Russian rubles ($339.0 million) in the three months to June 30,...
Gas contributes only a fraction of Germany’s energy consumption, and Russian gas only a fraction of that, so it is wrong to say that the Nord Stream 2 pipeline will make Germany dependent on Russian energy, Finance Minister Olaf Scholz said, as reported by Reuters. Asked about the flagship Kremlin...
According to Vedomosti, OPEC has raised its forecast for oil and condensate output in 2021 and 2022, citing an OPEC study released on August 12. Non-OPEC average output is anticipated to reach 64 million barrels per day in 2021, rising to 66.94 million barrels per day in 2022. Oil production...
Ukraine’s government must act in the interests of national security and take control over a vast part of the Ukrainian energy grid now held by Russian oligarchs, Anders Aslund, a prominent expert, has said, according to Ukrinform. Aslund, a resident senior fellow in the Eurasia Center at the Atlantic Council...
In its second annual reduction in a row, the management committee of Russian state-run energy giant Gazprom has approved a 16.5% cut in investments next year, Finanz.ru reported. The company’s capital expenditure plan for next year, pending approval by the company’s board of directors, is set at 1.1 trillion ($18 billion), down...