The Organization of the Petroleum Exporting Countries (OPEC) celebrates its 60th anniversary on Monday and plans to retain the role of stabilizer on the global oil market for another at least six decades, Secretary General Mohammad Barkindo said in his speech published on the website of the OPEC Secretariat,...
The price of oil in September will remain low, perhaps even with a slight decrease from the current levels below $40 per barrel, experts told TASS on Friday. In October, the downward trend is likely to be interrupted and a gradual growth will begin, which will accelerate in November...
In an interview with Julia Payne of Reuters, Mariam Almaszade CEO of SOCAR Trading, announced that the firm has returned to expansion mode, aims to increase its presence in liquefied natural gas (LNG) and U.S. crude. The expansion follows the firm’s reorganization two years ago and strong results for the first...
Russia's natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared to June, a senior Gazprom official said, Russia Today reports.
Russia's supply of natural gas to China via the Power of Siberia rose to 12...
Poland’s Prime Minister Mateusz Morawiecki on Wednesday called on Germany to halt the construction of the Nord Stream 2 gas pipeline, as Warsaw sees the project as a threat to the stability of the region, Reuters reported.
Nord Stream 2, an underwater pipeline to bring gas from Russia to Germany,...
The Kremlin does not currently see any risks that Germany can block the construction of the Nord Stream 2 gas pipeline, Kremlin spokesman Dmitry Peskov told reporters on Monday, TASS reported.
"No," he said when asked whether the Kremlin sees the risks of blocking this project. When asked to comment...
Russia and Belarus have reached an agreement in principle on the repayment of gas debt; Minsk may redeem its debts to Moscow within a month, Russian Energy Minister Alexander Novak told reporters on the sidelines of the Leaders of Russia contest, TASS writes.
"We agreed in principle that our colleagues...
Serbian President Aleksandar Vucic said that at the talks in Washington he refused to buy "expensive gas instead of cheap", TASS reported.
"It (the signed document - TASS) says that we must diversify sources of energy supply. It had the continuation we successfully fought to throw it away. They wanted...
Discussions concerning the Navalny incident should not be narrowed to the Nord Stream 2 gas pipeline project, German Foreign Minister Heiko Maas said in an interview with the Bild am Sonntag newspaper.
"In any case, I don’t think that Russians will make us change our position on Nord Stream 2....
