European nations will need to rethink their energy policies in order to prevent a
repeat of the gas crisis, which would have a negative effect on Russia, their primary
natural gas supplier. There are many methods to prevent a gas shortage, Rossiyskaya Gazeta reports.
One of the best options for Russia is...
Despite U.S. sanctions against the project, which Washington fears would strengthen Moscow's regional dominance, Russia's Deputy Prime Minister Alexander Novak said on Thursday that the certification of the Nord Stream 2 natural gas pipeline poses no concerns, Reuters reports.
Novak said Nord Stream 2 was more climate-friendly than Ukraine’s gas...
Investment bank Goldman Sachs has downgraded its oil price forecasts for 2019, citing a surge in global production, led by U.S. shale growth, CNBC reports.
The investment bank now expects international benchmark Brent crude to average $62.50 a barrel this year, a 10.7% drop from its previous forecast of $70/...
Oil prices jumped again on Tuesday on hopes for a recovery in vehicle traffic and fuel demand as some European and Asian countries along with several U.S. states began to ease coronavirus lockdown measures, Reuters informs.
West Texas Intermediate (WTI) crude CLc1 futures were up 9.6%, or $1.95, at $22.34...
Russian companies are among the potential candidates to replace ExxonMobil as the U.S. energy giant prepares to cease its operations in Equatorial Guinea, the country's minister of mines and hydrocarbons Gabriel Obiang Lima has said, according to TASS.
According to the state-run news agency, a company's spokesman said that ExxonMobil is...
Russia’s energy minister Alexander Novak believes the current pandemic and the growing competitiveness of renewable sources will lead to a greener market, Russia Today informs.
Speaking during an online conference of the World Energy Council, dedicated to the impact of Covid-19, Novak predicted the effects that coronavirus will have on...
Romania continues to decrease its imports of Russian gas, as supplies from Gazprom declined by 20 percent last year compared with 2016, to 1.19 billion cubic meters, according to data released by Gazprom Export, Business Review reported.
The country imported 1.48 billion cubic meters of gas from Gazprom in 2016,...
Belarus expects to reduce gas prices from Russia next year, Sputnik Belarus quotes the words of Deputy Prime Minister Igor Lyashenko.
Earlier, Belarus noted that they consider a fair price for gas in the Smolensk region, Radio Sputnik reported.
"There are multi-level negotiations, the heads of state indicated what the strategy...
Russian President Vladimir Putin and German Chancellor Angela Merkel, during a telephone conversation on Sunday at the Berlin initiative, reaffirmed their commitment to further support the Nord Stream 2 project and noted progress in negotiations to continue gas transit through Ukraine, TASS reported citing the Kremlin press service.
"The issues...
The state-run oil firm of Venezuela, PDVSA, has paid off nearly $700 million of its debt to Russia’s largest oil producer Rosneft, which is now down to $1.1 billion, the Russian company said on Wednesday, according to Interfax.
According to Rosneft’s Q2 results presentation published on Thursday, as of March...
