Germany is not hiding its irritation with pressure coming from Washington and the country’s parliament, and the Bundestag has vowed to retaliate if the United States imposes restrictive measures against Russia’s Nord Stream 2 pipeline, Izvestia reports.
According to the newspaper, different European countries got into quarrels over the gas...
Energy ministers from some of the world’s largest oil producers will attempt to ratify a deeper round of output cuts on Friday, The New York Times reported.
OPEC and its non-OPEC partners, sometimes referred to as OPEC+, have gathered in Vienna, Austria to decide the next phase of their oil...
Russian President Vladimir Putin said on Wednesday that Bulgaria seems to be holding up the construction of Gazprom’s TurkStream gas pipeline on its territory and added the country could be bypassed if needed, Reuters reports.
Putin was speaking in the Russian Black Sea city of Sochi following talks with Serbian...
Russia’s state-run energy giant Gazprom has said in accounts published on Wednesday that the price of gas exported to Europe has fallen to its lowest level in 15 years, bne Intellinews reports.
In the third quarter of this year, the average price per 1,000 cubic meters, taking into account excise...
Hungary’s foreign affairs and trade minister Peter Szijjarto has announced that his country is ready for a long-term agreement on the supply of gas from Russia and is starting talks on a potential long-term agreement with gas giant Gazprom, the Budapest Business Journal reports.
Hungary has not had a long-term...
A recent move by China Petroleum Engineering & Construction Corporation (CPECC) into Iraq has turned on the heat in an intense geopolitical competition with Russia and the United States over the country’s oil deposits, Nezavisimaya Gazeta writes.
CPECC last month signed a contract worth $121 million to upgrade Iraq’s West...
The head of Lukoil, Vagit Alekperov, has said in an interview with TV station Rossiya-24 that it would not be expedient to deepen global oil production cuts in the winter season, especially for the country.
Alekperov, who is a known opponent of ongoing production cuts agreed between Russia and OPEC, had his comments, recorded...
Russia is yet to finalize its position in talks on possible additional supply curbs as part of the OPEC+ deal, the country’s energy minister Alexander Novak said on Tuesday, according to RNS.
He said he expected this week’s meeting of OPEC oil producers and their allies to be constructive, and...
Ukrainian company Ukrtransnafta and Russian oil producer Transneft have agreed on a 10-year deal to provide oil transit services across Ukraine, Ukrtransnafta said, according to Liga.net.
"On December 3, 2019, Ukrtransnafta and Transneft entered into an additional agreement to the contract on providing oil transportation services through the territory of...
The launch of the long-awaited Power of Siberia gas pipeline pumping natural gas from Russia to China was launched, Gazprom’s most ambitious project so far, will help the Russian gas giant to reduce its independence on the shrinking European market, experts told Vedomosti.
According to analysts, the project is also...
