Saudi state-owned oil company Saudi Aramco announced higher August oil prices for Asia and official selling prices (OSP) for Europe and the United States. This is stated in the documents of the company, cited by Reuters.
Prices for Asia increased by $1 per barrel, which, according to analysts interviewed by...
Possible new U.S. sanctions against Nord Stream 2 are aimed at halting the project’s implementation, which complies with EU legislation, and therefore unacceptable, Minister of State at the Federal Foreign Office Niels Annen said on Wednesday, as reported by TASS.
"It would block a commercial project, which is being implemented...
Saudi Arabia has promised an oil war to OPEC+ countries in the event of failure to comply with agreements to reduce production, Gazeta.ru wrote with reference to The Wall Street Journal.
According to the interlocutors of the American publication, the Minister of Energy of Saudi Arabia, Prince Abdulaziz bin Salman...
Crude shipments from oil-rich Venezuela have hit new lows, tumbling in June to levels unseen since 1943. Caracas is struggling to reach buyers for its crude due to increasing US sanctions, Russia Today writes.
Venezuelan state-owned oil company PDVSA carried around 379,000 barrels per day (bpd) of crude and refined...
The price of brent crude oil has dropped, Radio Sputnik reported, citing trading sources.
The price of August futures for Brent crude oil (as of 7:48 Moscow time) fell by 0.67% to $41.43 per barrel, the price of September futures fell by 0.57% to $41.61. August futures for WTI crude...
The rapidly rising price of Russia’s flagship Urals blend oil has forced European refineries to cut purchases from Moscow and look for crude supplies elsewhere, traders said on Friday, Reuters reported.
Urals, a blend of heavy sour oil from the Urals mountains and Volga river region and light oil from...
Russian-Venezuelan energy and military-technical cooperation is developing, Russian Foreign Minister Sergey Lavrov said during a meeting with Venezuelan Foreign Minister Jorge Arreaza on Wednesday, TASS reports.
"Venezuela is a friend we can count on in Latin America and on the international stage. We value our strategic partnership developed based on...
Gazprom has said it will take Germany to court over a decision not to exempt the Russian company’s controversial gas pipeline from EU regulations governing energy markets, The Telegraph reported.
The pipeline, Nord Stream 2, is an $11bn (£8.9bn) subsea link that aims to double the delivery of Russian natural gas to Europe’s biggest economy.
However, the project has been buffeted...
