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...
Canadian precious metals miner Kinross Gold is putting future deals in Russia on hold after snapping up a development project in the country earlier this year, Seeking Alpha reported.
The Toronto-based company acquired the undeveloped Chulbatkan asset from closely held N-Mining in July for $283 million in cash and shares.
The acquisition will add 3.9...
Russian mining and metals company Mechel has launched an electrical substation by the Federal Grid Company of Unified Energy System (FGS UES) at its Elgaugol coal complex in Yakutia, connecting the facility to Russia’s power grid, Yakutia Media reported.
Elgaugol is developing one of the world’s largest deposits of high-quality...
Businessmen from Thailand are interested in investing into setting up an LNG transshipment terminal on Sakhalin, as they want to receive supplies of Russian liquefied natural gas, the region's governor Valery Limarenko has said, according to Interfax.
On Tuesday, a delegation from the Southeast Asian country arrived for an official visit...
The Russian government supported the beginning of the concession procedure to build the Northern Latitudinal Route (NLR), TASS reported. The new railroad will be built in the northern Yamalo-Nenets Region, Governor Dmitry Kobylkin said in a statement published on Tuesday.
Earlier, Russia’s President Vladimir Putin called NLR a promising project,...
Russia and Belarus were unable to agree on terms for a 2020 supply contract and Moscow has decided to halt crude oil supplies to its neighbor, TASS reported on Friday.
The supply interruption that began on Jan. 1 has forced refineries in Belarus to operate at minimum capacity, according to...
The European Commission has confirmed communication between the EU and the US Department of State regarding the US sanctions against the Nord Stream 2 gas pipeline, TASS writes.
Earlier on Friday, German newspaper Die Welt reported that 24 EU countries had contacted the US Department of State and expressed...
The trilateral gas talks in the EU-Russia-Ukraine format at the expert level will start next week, Anna-Kaisa Itkonen, a representative of the European Commission (EC) said on Wednesday, according to Rossiyskaya Gazeta.
"The senior expert-level talks are meant to be starting next week," she said. "No definite date fixed yet," the EC...
