Investors and analysts are trying to assess the prospects of the oil market, which was hit hard this year due to the crisis caused by the coronavirus pandemic, as a result of which the price of WTI crude oil fell to negative values in April, Interfax reported.
Some experts believe...
Poland’s Office of Competition and Consumer Protection (UOKiK) has imposed a penalty of around $57 mln on Russia’s top gas producer Gazprom for failure to cooperate in the investigation conducted in relation to construction of Nord Stream 2 gas pipeline, the regulator said in a statement on Monday, TASS...
Russian state gas producer Gazprom has started direct rail shipments of liquefied petroleum gas (LPG) via a new bridge to the Crimea peninsula which Moscow annexed from Ukraine in 2014, Gazprom executives have said and shipments data showed on Thursday, Reuters reported.
Shipments have started via the road-to-rail bridge, whose...
Brent oil prices lost almost 15% from the start of fall and dropped below $40 per barrel in early October. Prices are driven by the epidemiological recurrence, prompting countries across the globe to reinstate lockdown measures to a certain degree, experts questioned by TASS say.
Nevertheless, the spring scenario with...
Oil prices rose nearly 3% on Wednesday after President Donald Trump falsely claimed victory in a tight U.S. election with millions of votes still to be counted and the final result not yet clear, Reuters writes.
A victory by Trump is viewed as bullish for oil because of sanctions on...
Russia’s oil and gas companies have demonstrated distinctly higher transparency of ecological information, with minor firms taking lead positions in the annual ranking by the World Wildlife Fund Russia and energy consultant Creon, RT informed.
“For the first time over the last seven years we are facing the unprecedented level...
Gazprom has registered in Mongolia Gazoprovod Soyuz Vostok, a special purpose vehicle to deal with design and survey and the feasibility study for the project of building a main gas pipeline across Mongolia for gas deliveries to China, the Russian gas holding says on Friday, TASS reported.
"The Soyuz Vostok...
Russian President Vladimir Putin and Turkey's Recep Tayyip Erdogan vowed Wednesday to improve cooperation as they launched the construction of a new reactor at Turkey's first nuclear power plant, The Moscow Times reported.
The two leaders each pressed a button on their office desks in Moscow and Ankara in a...
A new report by the European Commission (EC) reveals domestic gas output in the EU amounted to 54 billion cubic meters (bcm) in 2020, down from 70 bcm in the previous year. Production was down 22.8% year-on-year, RT informs.
The Netherlands produced 24 bcm of gas (versus 33.7 bcm in...
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...
