For three days now, officials from the world’s biggest oil-producing countries are locked in talks as the leader of OPEC, Saudi Arabia, and Russia remained split over their response to China’s coronavirus, CNA reports.
Delegates gathered again in Vienna on Thursday after two days of meetings weren’t enough to shift...
Austria’s OMV, one of Gazprom’s five European partners in the Nord Stream 2 gas pipeline project, invested $124 million in the project in 2019, the company said in a report, according to TASS.
"Cash flow from investing activities in 2019 included a cash outflow of $124 million related to the financing...
Russia’s biggest oil company Rosneft and the state-run Indian Oil Corporation (IOC) have agreed on deliveries of 40,000 barrels of crude per day to India via the port of Novorossiysk by the end of this year, ET Energy World reports.
The deal was signed during Rosneft CEO Igor Sechin’s visit...
Businessmen from Thailand are interested in investing into setting up an LNG transshipment terminal on Sakhalin, as they want to receive supplies of Russian liquefied natural gas, the region's governor Valery Limarenko has said, according to Interfax.
On Tuesday, a delegation from the Southeast Asian country arrived for an official visit...
Russian liquefied natural gas (LNG) imports through the port of Klaipeda pose a risk to the country's energy independence, Lithuanian intelligence warned on Tuesday, according to the Baltic Times.
Despite being privately-owned, gas producer Novatek, which supplies LNG via the Klaipeda LNG terminal, is closely linked to the Kremlin and...
Bulgaria is not happy with Gazprom, and the Russian company could face the re-opening of an antitrust case the European Commission had led against the Russian gas export monopoly over suspected abuse of its dominant position in the Eastern European gas market, Euractiv reports.
According to the report, the case...
The ruble gained early on Monday but soon slipped to two-month lows as investors reassessed risks related to the outbreak of China's coronavirus and a drop in oil prices, Reuters reported.
The Russian currency was 0.2% weaker against the dollar (64.04), at 0825 GMT, a level last seen in early...
British oil giant BP embarks on a major strategy overhaul to prop up its dividend payouts and tackle climate change concerns and faces mounting pressure to sell its $15 billion stake in Russian energy giant Rosneft, This is Money reports.
On Tuesday, BP is expected to reveal that profits fell by...
Oil and gas condensate output in Russia rose to 11.28 million barrels per day (bpd) in January, from 11.26 million bpd in December, Reuters reported on Sunday, citing data from the country’s Energy Ministry.
This is in line with what sources told Reuters last week and the highest since it reached 11.29...
The United States stands ready to supply Belarus in full with the energy resources at competitive prices, US Secretary of State Mike Pompeo said on Saturday after his talks with Belarusian President Alexander Lukashenko and Foreign Minister Vladimir Makei on Saturday, TASS reported.
"Our energy producers stand ready to deliver...
