The Chief Commercial Officer of Ukraine’s national gas company Naftogaz, Yuri Vitrenko, says it is impossible to reach an amicable agreement with Gazprom on decisions already made down by the Stockholm arbitration court, Reuters reports. The senior manager said his company is only ready to settle the latest, $12...
Trade wars and shifts in production levels based on decisions by Russia and OPEC are reflecting the changes in the global market more than the shale factor, energy analyst Daniel Yergin, Vice President of IHS Markit, has said in an interview with Izvestya.
According to Yergin, the oil market is...
Republican lawmakers in the U.S. Senate are rolling out a new round of sanctions that could kill Russia’s controversial Nord Stream 2 pipeline and boost U.S. energy exports to Europe, The Hill reports.
On Wednesday, Republican Senators John Barrasso and Cory Gardner introduced a bill that would make mandatory U.S. economic sanctions...
In order oilfields to help boost crude production, Russia used stocks held in tanks at its oilfields in June, according to three industry sources who spoke to Reuters.
This is seen as a sign of supply flexibility as OPEC leader Saudi Arabia pushes other major producers to increase spare...
Two gas carriers operated by Russia’s Novatek natural gas production company loaded with liquefied natural gas from the Yamal LNG plant have arrived in China, Vedomosti reports.
The third tanker is due to arrive by the end of July. This is the first time in the history of the Northern...
Russian energy major Novatek may revise its forecast for liquefied natural gas (LNG) production by 2030, the company's CEO Leonid Mikhelson said on Thursday.
"Maybe the plans to increase LNG production by 2030 that Novatek published earlier, we will increase up to 57-58 million tonnes," Mikhelson said, according to Kommersant.
Earlier,...
The vice-chairman of Indian state Andra Pradesh’s Planning Board C Kutumba Rao on Wednesday alleged a ‘huge scam’ in the deal struck between India’s Essar Oil and Russian state-owned oil company Rosneft, the Economic Times reported.
Claiming that apart from India, Russia and China were also involved in the scam, Kutumba...
The EU issued an optimistic statement on Tuesday following talks in Berlin with envoys from Moscow and Kiev over a dispute regarding future Russian gas shipments through Ukraine, Ukrinform reports.
According to European Commission Vice-President Maros Sefcovic, the three-way talks were "future-oriented" and "positive" although the Russian representative, the country's...
Russian gas giant Gazprom’s CEO, Alexei Miller, has arrived at the venue for trilateral transit gas talks between Russia, the European Union and Ukraine, TASS reports.
The head of Gazprom has declined to comment on the meeting’s progress prior to its opening. Russian Energy Minister Alexander Novak and Vice President of...
