Oil fell on Monday and was headed for its longest run of losses in almost four months as Saudi Arabia and Russia said they are discussing reviving output to ease consumer anxiety after prices jumped to levels last seen in 2014, CNBC reported.
Last week, Brent futures traded above $80 a...
Russia’s Gazprom has signed a protocol with the Turkish government on the land-based part of the transit leg of the TurkStream gas pipeline, the company has said.
According to the statement, Gazprom had also agreed with Turkish firm Botas to end an arbitration dispute over the terms of gas supplies...
The European Commission (EC) said on Thursday that it concluded a long-running antitrust investigation into Gazprom’s dominance in regional gas markets, by reaching a settlement with the Russian energy giant, TASS reported.
Officials in Brussels said the company had accepted a series of concessions, but unlike with competition inquiries...
A further spike in global oil prices can be prevented if Russia and OPEC’s leader Saudi Arabia act together, Russia’s top state investment official said on Friday, Reuters reported.
According to Kirill Dmitriev, the head of Russia’s sovereign wealth fund RDIF, joint coordinated action to drive down prices would make...
French energy giant Total agreed on Thursday to increase its role in liquefied natural gas projects in the Arctic with Russian firm Novatek, Vedomosti reported.
The deal will see Total take a 10 percent direct stake in Novatek's Arctic LNG 2 project on the Gydan Peninsula in the north of...
Тhe head of strategy at Russian pipemaker TMK Vladimir Shmatovich told CNBC Thursday that rising oil prices and higher U.S. production can only be beneficial to his company.
"The sector we're in is very dynamic now with the oil price at $70-plus for WTI (West Texas Intermediate), we're seeing very...
Russia needs guarantees from the European Commission and the Bulgarian government for laying a gas pipeline through the Balkan country, Russian Energy Minister Alexander Novak has said, according to Eurasia Daily.
“Bulgaria is showing interest in the gas transit passing through its territory, including considering the possibility of constructing a gas hub...
The subcontractors of Russia’s top gas producer, Gazprom, among them billionaires Arkady Rotenberg and Gennady Timchenko, are the ‘big winners’ from the gas giant’s projects, a recent report by Sberbank analysts has said.
The state gas company’s projects to construct export-oriented pipelines like the Power of Siberia, Nord Stream 2...
The planned Nord Stream 2 pipeline is a commercial venture Russia finds profitable and Moscow will defend it despite Washington opposing the project, Russian president Vladimir Putin said after a meeting with German Chancellor Angela Merkel on Friday.
“We have always treated this project as a purely commercial one, a...
Russia’s Kola Mining and Metallurgical Company which operates in the Murmansk Region as part of giant Nornickel, is working on modernization of its facilities estimated at 25 billion rubles ($400 million), the press service of the Murmansk Region’s government said on Friday.
The announcement comes following a visit of the...
