Russian oil shipments to the U.S. hit a record high last year, according to calculations by Bloomberg, while at the same time Washington was amping up its warnings about Europe’s energy dependence on Russia, The Moscow Times reports.
Russia leapfrogged Saudi Arabia to become the third-largest oil supplier to the U.S....
Russian oil companies want to invest in the modernization and digitization of their business, but the much-needed upgrade is likely to be hampered by limited access to modern Western technologies, Newsbase reports.
Industry experts warn that without the Western tech, progress towards full digitization of the oil industry is likely to...
Ukrainian and European traders are accumulating additional reserves of natural gas ahead of next winter to prepare for any potential supply disruptions amid a looming stand-off with Russia, S&P Global Platts reports.
Ukraine is a key supply route for Russian natural gas to Europe, delivering about 25% of Europe's total...
Russia’s government considers the oil price range of $45-55 per barrel optimum in the current market situation, which allows preventing the market from overheating, on the one hand, and supporting producers, on the other hand, Deputy Prime Minister Alexander Novak told reporters, TASS reports.
"The range of prices of $45-55...
The head of Serbia’s national gas monopoly Srbijagas said he hopes the construction of the country’s section of the TurkStream pipeline for transit of Russian natural gas to Europe will begin in March next year, Danas reports.
"Srbijagas is already in contacts with companies which build 1,000 km of pipelines annually and the...
The first power unit of the Belarusian Nuclear Power Plant (NPP) has reached 100% capacity, the press service of the Belarusian Energy Ministry said on Wednesday, TASS writes.
"The first power unit of the Belarusian Nuclear Power Plant achieved the rated capacity level on January 12 at 19:57 pm (coinciding...
Serbian media reported on Tuesday that the first part of the 403-kilometer section of Gazprom’s TurkStream gas pipeline in the country territory has been completed. The section stretches from the Bulgarian border to the city of Cuprija, according to Serbian newspaper Blic.
Currently, construction works are underway at the second...
Washington is still deciding on whether to sanction Russia’s biggest oil producer, Rosneft, for maintaining ties with Venezuela’s Nicolas Maduro, though U.S. officials are wary that the move could cause chaos in global oil markets, sources familiar with the matter told Bloomberg.
Sanctions on the oil giant may drive up...
Gianluca Savoini, a closely placed aide of Italy’s nationalist deputy prime minister, Matteo Salvini, two Italians and three Russians discussed the terms of a deal to secretly funnel around $65 million of Russian oil money to Salvini’s Lega party and its European election campaign.
The meeting was held in the...
The first reactor of Russia’s floating nuclear power plant has achieved a sustained chain reaction at its mooring in Murmansk harbor last week, Innov.ru reports.
The project has long been a controversial dream of the country’s atomic energy industry, and now it has finally become an actual nuclear power plant....
