Poland is determined to end its reliance on Russian energy within the next few years, and increasingly turning toward the United States in the process, the New York Times reports.
Warsaw’s policy is part of a broader effort in Europe to diversify energy supply amid rising dependence on Russian...
The long-standing deputy chief executive of Russia’s gas giant Gazprom, Alexander Medvedev, who oversaw an increase in gas exports to Europe, has been relieved of his post, the company said on Monday without providing further details, according to RIA news agency.
Medvedev, who had been Gazprom's deputy chief for...
The chairman of the Suez Canal Authority, Mohab Mamish, said that his four-day visit to Russia, set to start on Sunday, will include finalizing negotiations to establish a Russian industrial zone east of Port Said, RIA news agency reported.
Mamish noted that negotiations with the Russian side over the past period...
The Russian rouble gained some value on Monday, helped by higher oil prices in a thin market due to the Presidents’ Day holiday in the United States when federal government offices, stock and bond markets are closed, Reuters reported.
Ar 0740 GMT, the rouble was 0.17 percent stronger against the...
Russia’s Gazprombank has frozen the accounts of Venezuelan state oil company PDVSA and stopped all transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a source from the lender said on Sunday, according to Gazeta.ru.
After the U.S. imposed sanctions against PDVSA in January, many...
Russian gas giant Gazprom will start supplying Russian natural gas to China via the Power of Siberia pipeline almost one month earlier than previously planned, the company said Friday, according to S&P Global Platts.
Gazprom CEO Alexei Miller met with representatives of Chinese partner CNPC in Beijing, and afterwards said...
No progress has yet been made regarding BP’s plans to buy gas from Russian state-run oil major Rosneft, the CEO of the British energy giant Robert Dudley said, answering to a question from TASS news agency.
He said the partners are yet to receive the Russian government’s permission for gas...
Natural resources investment management firm Baker Steel Capital Managers (BSCM) has agreed to invest $3.0-3.5 million of client funds into Azarga Metals via a convertible loan, convertible at C$0.14/share, Proactive Investors UK reports.
The Canada-based resource group has struck binding terms with the fund and plans to use the...
The OPEC/non-OPEC production cut agreement put a floor under oil prices and has significantly benefited Russia’s budget and companies, Russian Energy Minister Alexander Novak said on Thursday, according to S&P Global Platts.
The price of the commodity could have dropped to $25 a barrel if OPEC and its Russia-led non-OPEC...
Litasco, the trading arm of Russian oil producer Lukoil, has stopped carrying out swap operations with Venezuela since the U.S. imposed sanctions on state-owned oil company PDVSA in January, Lukoil CEO Vagit Alekperov said on Thursday, according to Reuters.
On Jan. 28, U.S. President Donald Trump’s administration imposed tough...
