According to experts contacted by TASS, US President Joe Biden's appeal to OPEC nations to abandon oil output restrictions in order to reduce gasoline costs in the US demonstrated the controversies surrounding American energy policy.
The US government is aggressively limiting the oil sector inside the nation in order to...
According to three individuals acquainted with the Russian government's decision, the Russian government has agreed to invest about 80 million rubles ($1.09 billion) for Rosatom's initiative to build low-power nuclear power plants (NPPs) in 2021-2024, Kommersant writes.
The budget will provide 24 billion rubles ($326.9 million) to the state business,...
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...
During the first half of this year, Gazprom earned 718.311 billion rubles of net profit following Russian standards (RAS), financial statements showed.
According to Russian media, this is a record figure in the entire history of the company.
In the first half of last year, Gazprom's loss amounted to 253.869 billion...
World oil prices shifted to a decline during trading, while traders evaluated the monthly OPEC and International Energy Agency (IEA) oil market reports, Russian media reported.
October futures for Brent crude oil on Thursday fell 1.01% to $70.72 per barrel. The price of September WTI futures fell by $1.11 to...
According to the IEA's August report, global oil demand will increase by 5.3 million barrels per day in 2021. At the same time, the agency assessed potential demand at 5.4 million barrels per day in July, according to TASS.
As a result, global oil demand may reach 96.2 million barrels...
According to the Vedomosti newspaper, the Russian government agreed not to implement a restriction on gasoline exports after a meeting with Deputy Prime Minister Alexander Novak. Evgeny Arkusha, the head of the Russian Fuel Union, confirmed the decision. Another source informed that oil firms have been allowed until September...
Uniper, a financial partner of Nord Stream 2, acknowledges reduced risks of delays or non-completion of the gas pipeline's construction after the US and Germany reached an agreement on the project, according to the company's financial results report released on Wednesday, TASS reports.
"The United States and Germany reached a...
The Russian government has not ruled out the prospect of prohibiting gasoline exports, but this would be done only if the situation with wholesale prices on the exchange worsens, according to Deputy Prime Minister Alexander Novak on Tuesday, TASS reports.
"I would like to call your attention to the fact...
