Energy

Russian presidential spokesman, Dmitry Peskov agreed with the opinion of Russian businessman Oleg Deripaska and called sanctions against Nord Stream 2 one of the elements of hybrid warfare, TASS reported. "In general, we can agree with him . This is indeed a variant of hybrid warfare, it is used as...

Russian Energy Minister Nikolai Shulginov will hold a meeting with Iranian Oil Minister Bijan Namdar Zanganeh on Sunday, the Russian Energy Ministry told TASS on Saturday. "Yes, the meeting is taking place on Monday," the ministry confirmed. Shulginov was appointed Russia’s energy minister in November, when his predecessor Alexander Novak became...

Global gas demand will not decline in coming 25-30 years, it will only rise due to a small carbon footprint, Russian Deputy Energy Minister Pavel Sorokin told a forum on Friday, as reported by TASS. "Due to the fact that gas has the smallest carbon footprint we do not expect...

The construction of the Nord Stream 2 gas pipeline resumed on December 11; the Fortuna barge will carry out the pipe laying in the exclusive economic zone of Germany, Nord Stream 2 AG, the operator of the pipeline construction, told reporters on Friday, TASS reported. The pipelayer Fortuna will lay a...

The price of Brent crude, which fell to $47 per barrel ahead of the OPEC+ meeting, rose to almost $50 per barrel, rebounding on positive news about the decision reached by the participants to the oil production cut agreement. Now this is the maximum price and it is unlikely to...

Russia’s oil and gas companies have demonstrated distinctly higher transparency of ecological information, with minor firms taking lead positions in the annual ranking by the World Wildlife Fund Russia and energy consultant Creon, RT informed. “For the first time over the last seven years we are facing the unprecedented level...

German Foreign Minister Heiko Maas expects the longstanding issue of the Russian gas pipeline project, Nord Stream 2, to be settled after Joe Biden takes office as US president, RT added. “The European Union sees the sanctions introduced against the project as an illegal step and takes a different view...

Saudi Arabia’s crude oil exports to the United States fell to the lowest in 35 years in October, averaging less than 100,000 bpd, RT writes. In the week to November 27 alone, the volume of Saudi oil shipments to the US fell to as little as 73,000 bpd. The average daily...

Russian Deputy Prime Minister Alexander Novak told state Rossiya-24 TV on Thursday the cumulative oil output increase by the OPEC+ group will likely reach a planned 2 million barrels per day (bpd) by April barring a force majeure. OPEC and Russia on Thursday agreed to slightly ease their deep oil...

China has brought the middle section of the China-Russia East natural gas pipeline into operation. It is connected to the Power of Siberia gas pipeline from Russia that will deliver blue fuel to northern China, RT reported. According to the state-run China Oil & Gas Piping Network Corp (PipeChina), the...