Russian gas producer Novatek has reached an agreement to supply more than three million metric tons of liquefied natural gas (LNG) from its Arctic LNG 2 project to China over a 15-year period. This will help China ensure its energy needs and diversify its LNG supplies, analysts say, RT...
Russia’s ambassador to Britain has accused the UK government of breaking its international treaty commitments with a plan to increase the country’s nuclear arsenal and said the political relationship between Moscow and London is “nearly dead”.
In a foreign and defense policy review published on Tuesday and endorsed by Prime...
Indian state refiners are planning to cut oil imports from Saudi Arabia by about a quarter in May, Reuters has reported, citing its sources. This comes after calls from India to increase crude production were ignored by OPEC, RT reported.
The sources said, on condition of anonymity, that Indian Oil...
Russia’s Energy Ministry insists on reducing the amount of state support of renewable energy generation in the period from 2025 to 2035, Minister Nikolai Shulginov said at a meeting of the Federation Council’s economic policy committee on Tuesday, TASS reported.
"The Energy Ministry supports the renewable energy program. The only...
Gazprom and Shell concluded the agreement on strategic cooperation for the term of five years on March 16, the Russian gas holding says on Tuesday, TASS reported.
"Particular attention will be paid, for instance, to such areas as studies of energy market, implementation of projects throughout the value creation chain,...
BP Plc outlined changes to its financial disclosures after restructuring key divisions last year, Bloomberg reports.
The new reporting structure will comprise five segments: oil production and operations, gas and low-carbon energy, customers and products, Rosneft -- in which BP holds a stake -- and other businesses and corporate. That...
China appears to be becoming a major importer of Iranian oil, as Iran’s production levels look set to soar thanks to better relations with Biden’s US, RT reported.
Over the last year, China imported an average of 306,000 barrels per day (bpd) of crude oil from Iran, totalling 17.8 million...
Global oil demand is set to benefit from stronger economic recovery and vaccinations in the second half of this year, OPEC said on Thursday, RT informed.
The cartel, however, revised down in its Monthly Oil Market Report (MOMR) its estimates for global oil demand for the first half of the...
