The German government rejects extraterritorial sanctions by the United States as Berlin’s position on Nord Stream 2 has not changed, a representative of the Federal Ministry for Economic Affairs and Energy told a briefing on Friday.
The official was commenting on the bill a group of U.S. senators submitted to...
The customs service for Heihe in northeast China's Heilongjiang Province has said some 1.58 billion cubic meters of Russian natural gas have been imported via the Power of Siberia pipeline over the past six months, Russia Today reports.
The 3,000km (1864 miles) cross-border pipeline started official deliveries of Russian natural...
Russia’s Rosneft, which closed its oil trading arm after sanctions were imposed by U.S. authorities in February, has set up a new Geneva-based trading business, four trading sources familiar with the matter said.
The new business, Energopole SA, will take on the main functions previously carried out by Rosneft Trading...
Russian Energy Minister Alexander Novak said on Thursday that the global oil market could face a shortage of 3-5 million barrels per day (bpd) in July, depending on a deal to be reached by OPEC+ producers, Interfax news agency reported.
The OPEC+ group of oil producers agreed to cut production...
The Office of Competition and Consumer Protection (UOKiK) has initiated an investigation against Russia’s top gas producer Gazprom, which is threatened with a fine amounting to 50 mln euro for refusal to cooperate in the course of proceedings concerning the construction of the Nord Stream 2 gas pipeline, the...
Oil and gas condensate production in Russia declined by 15 percent year-on-year in May to 39.7 million tons or 9.39 million barrels per day (bpd), according to Energy Ministry data, Russia Today reports.
The figure is down from 11.35 million barrels per day in April and near Moscow’s target under...
Oil prices rose on Tuesday on expectations that major producers would agree to extend output cuts that have shored up prices, during a video conference likely to be held this week, Reuters reports.
Benchmark Brent crude LCOc1 rose 2.3%, or 88 cents, to $39.20 a barrel as of 0840 GMT....
OPEC + ministers are discussing the postponement of their first meeting after the start of the new deal to reduce oil production to an earlier date - June 4, instead of those planned earlier on June 9-10, S&P Global Platts reported, citing several sources familiar with the negotiations, RIA...
