Saudi authorities are currently negotiating a sale of 1% of state-owned oil company Saudi Aramco to an unnamed energy major, according to Crown Prince Mohammed bin Salman, RT reported.
“I don’t want to give any promises, but there’s a discussion for the acquisition of a 1% stake by a leading...
Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer, RT reported.
Higher demand for travel and acceleration of vaccinations in Europe are set to result in “the...
Crude prices edged higher on Tuesday as investors await the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to decide on easing of production curbs amid the coronavirus pandemic, RT reported.
Global benchmark Brent was up more than 1% to $66.31 a barrel as of 14:04 GMT. West...
Ukraine plans to increase diesel imports via its sea ports, ramp up domestic production and buy more diesel from Poland and Lithuania, the energy ministry said, outlining measures to avoid any shortages in supplies from Belarus and Russia in May.
Five trading sources told Reuters on Monday that Ukraine could...
New research by the Joint Petroleum Statistics Initiative (JODI) showed that, in February, Russia remained in second place in terms of global oil production, with a national daily output of 9.398 million barrels per day (bpd), RT reported.
Data shows that the United States was the top oil-producing country in...
Brent Crude oil prices could fall to $10 per barrel by 2050 if the world accelerates the energy transition with decisive action to achieve the Paris Agreement climate goals, energy consultancy Wood Mackenzie said on Thursday, RT reported.
The scale of change if the world moves on track to limit...
The US administration is still reviewing possibly introducing sanctions against Nord Stream 2, Russia’s major gas pipeline project. However, it also recognizes that it is a complicated issue and concedes that it affects interests of Washington’s allies in Europe, US President Joe Biden said Thursday, TASS reported.
"Nord Stream 2...
Rising Middle Eastern oil production is making the commodity that comes out of this region cheaper compared to Brent-linked grades, which may lead to a price war, Bloomberg has reported, citing an FGE analyst.
“There’s much cheaper crude, and a lot of it coming from the Middle East,” Grayson Lim,...
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...
