The first vessel to deliver a liquefied natural gas (LNG) cargo from Russia’s Yamal plant via the Northern Sea Route this year is on its way to China, ship-tracking data showed and analysts said, Reuters reports.
The direct route to Asia, shorter than the westward journey via Europe, is frozen...
Bulgaria plans to set up a state-owned company to manage oil and fuel reserves and build petrol filling stations across the Balkan country to boost competition and ensure fair prices for consumers, the government said on Monday, Reuters reported.
The plan comes days after parliament voted to boost tax controls...
Oil prices on Monday jumped to their highest in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic activity and signs producers were following through on planned output reductions, Reuters informs.
Brent LCOc1 futures for July delivery rose $2.31, or 7.1%,...
Russia’s Novatek has sold a liquefied natural gas (LNG) cargo for delivery in the second half of July, three industry sources said on Tuesday, Reuters reported.
The company sold the cargo at above $2.50 per million British thermal units (mmBtu), one of the sources said.
The buyer was likely PetroChina, a...
Platinum and palladium markets will be tight this year as the coronavirus pandemic hammers supply and demand, materials maker Johnson Matthey said on Monday, declining to give full-year forecasts and saying prices will be erratic, Reuters reported.
Production of the metals, used to reduce vehicle emissions, and their consumption by...
A leading global diamond producer, Russia’s Alrosa, is reporting that its sales were down tenfold in one month alone, as the impact of Covid-19 ripples through the global economy and supply chains, RT informs.
In April, ALROSA sold a total of just $15.6 million-worth of rough and polished diamonds. This...
Natural gas pipeline exports by Russian energy giant Gazprom plummeted by almost one-fifth in the first quarter against the backdrop of weak demand, a source familiar with the data told Reuters on Thursday.
According to the source, exports from Gazprom to Europe, including Turkey, reached almost 40 billion cubic meters...
Russian energy giant Rosneft said on Friday its average daily crude oil and gas condensate production in the first quarter fell by 2.2% year on year to 4.64 million barrels due to a global deal to curb output, Reuters reported.
Its first-quarter hydrocarbon production reached 5.75 million barrels of oil...
Nord Stream 2 AG, operator of the Nord Stream 2 project, does not rule out filing an appeal against the decision of the Federal Network Agency of Germany, which refused to remove the gas pipeline from the scope of restrictions established by the EU Gas Directive, a spokesperson with...
