Russia made more money from its gold exports than from its gas exports for the first time since 1994, according to data released by the central bank and the Federal Customs Service, New Europe informed.
The statistics are surprising for Russia, which traditionally has gas exports as the leading export...
Russia’s Gazprom sees gas market rebalancing in the fourth quarter after reaching a bottom in terms of prices last month, a company official told a conference call on Tuesday, Reuters reported.
Gazprom’s gas exports this year are forecast at 166-167 billion cubic meters, the official said.
Russia kept fuel oil exports to the United States close to its record-highs in the first six months of this year, as Washington looks to replace the heavy Venezuelan barrels it stopped buying a year ago, traders said and data showed, Reuters reported.
The U.S. imposed sanctions on Venezuelan oil...
The record stockpile of natural gas in northwest Europe and Italy is eating into the regions’ thirst for Gazprom’s product, according to Reuters, and the Russian gas giant has lost more ground in terms of sales to the area compared to its competitors, OilPrice reported.
Gazprom’s falling natural gas exports...
The United States is escalating the risk of a nuclear standoff among the world’s major powers in an effort to win back global domination, and brushing aside the last arms control pacts still standing, Russia’s chief diplomat has warned, Russia Today reports.
“I agree that the nuclear risks have increased...
Investors and analysts are trying to assess the prospects of the oil market, which was hit hard this year due to the crisis caused by the coronavirus pandemic, as a result of which the price of WTI crude oil fell to negative values in April, Interfax reported.
Some experts believe...
Rosneft is set to buy a drilling business from IDS Group, a letter to IDS staff seen by Reuters showed, as the Russian oil giant continues its push into oilfield services to help reduce costs.
The letter said Rosneft, using its Intellektualnye Sistemy affiliate, would take over or merge with...
The parent company Gazprom has established a new subsidiary, Gazprom Vladivostok. It was headed by the former Deputy Chairman of the Management Committee, the head of the Gazprom administration, and now Mikhail Sereda, First Deputy General Director of Gazprom Export, Interfax reported.
An investment in securities is indicated as the...
Norilsk Nickel disputes the amount of environmental damage caused by the spill of diesel fuel, the company said Wednesday, Interfax reported.
At the same time, the company confirms the obligation to eliminate the consequences of the accident at its own expense. The company sent a letter about this to Rosprirodnadzor...
Pipe-laying vessels with anchor positioning (in addition to vessels with dynamic positioning) will be able to be used in the construction of the Nord Stream 2 trunk line in the Danish exclusive economic zone, the Danish Energy Agency said in a statement.
The agency emphasized, "that the remainder of the...
