Oil prices tumbled back below $25 per barrel Friday after Saudi Arabia said it hasn't recently held talks with Russia to end a price war that began earlier this month, The Street reported.
Brent crude oil, the international benchmark, plunged by 6 percent to $24.77 a barrel while West Texas...
China increased imports of Russian crude by more than 30% in March compared to a year earlier, while decreasing Saudi imports of the commodity, Reuters reported citing Chinese customs data.
China has been boosting oil exports in a move seen as taking advantage of record low prices, which sank amid...
The price of Russian natural gas for Belarus should be lowered since, "in this difficult time", Russia sells it to Europe priced at $70 per thousand cubic meters, while Minsk continues to buy at $127, President Alexander Lukashenko said on Thursday, RIA Novosti reported.
According to Sputnik Belarus, the Belarusian...
Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week, Reuters reports.
Benchmark Brent crude LCOc1 rose 2.3%, or 88 cents, to $39.20 a barrel as of 0840 GMT....
The forum led by HRH Prince Abdul Aziz Bin Salman, Saudi Arabia’s Minister of Energy and it co-Chairman, HE Alexander Novak, Minister of Energy of the Russian alliance was the 20th Meeting of the Joint Ministerial Monitoring Committee (JMMC) Wednesday, 15 July 2020, Nairametrics reports.
It was affirmed at the...
Russian state-controlled Gazprom's share of the European gas market fell on the year in the second quarter, the firm said, Argus Media reported.
The firm had a 39.2pc share in the EU — excluding the Baltic states — and Turkey, Switzerland, Norway, the UK, Albania, Serbia, North Macedonia and Bosnia...
Russia’s Arctic LNG 2 (liquefied natural gas) project is set to receive all the planned external financing, as foreign lenders have reportedly pledged to provide about $9.5 billion in financial support, The Daily Times reported.
The long list of lenders includes Chinese and Japanese banks as well as European credit...
Gazprom sees the development of hydrogen energy as an opportunity for its further development, TASS writes.
The company is currently negotiating with European partners on joint work in hydrogen projects, head of Gazprom Export, Elena Burmistrova said while speaking at the 13th Eurasian Economic Forum. Gazprom Export is the export...
Pipe-laying vessel Akademik Cherskiy, expected to be used to finish the Moscow-led Nord Stream 2 gas pipeline, has left the German project hub of Mukran and is heading to the Russian port of Kaliningrad, Refinitiv Eikon data showed on Friday, Reuters reported.
The data showed that the vessel, which has...
