The Russian State Duma made a comment to Izvestia on the controversy between Kiev and Budapest over the Russian gas contracts that Hungary signed with Gazprom for 15 years, saying that Ukraine should resolve all energy issues directly with Russia and not make accusations to European countries that cooperate...
According to Izvestia, the magnitude of the European continent's energy crisis has already exceeded the oil shock of the 1970s. There is a significant risk that it may spread to other markets and energy sectors. According to analysts, the globe will most likely not suffer an oil crisis this...
According to Kommersant, on Tuesday morning the spike in oil prices has resulted in an increase in Russian gasoline costs. The price increase may benefit petroleum producers. According to analysts, the profitability of fuel oil production has increased by approximately 200 rubles ($2.8) per ton of refined oil since September of the...
Mohammad Eslami, Iran's Vice-President and Chief of the Atomic Energy Organization, has landed in the Russian capital for meetings with Alexey Likhachev, Director General of Russia's Rosatom State Nuclear Energy Corporation, the Iranian embassy to Russia announced on Telegram, TASS reports.
Eslami, Iran's Vice-President and Director of the Atomic Energy Organization, came...
According to Russian President Dmitry Peskov's press secretary, the gas deal struck with the Russian Federation promises Hungary reliable and consistent gas supplies, does not infringe anyone's rights or international norms, and no one, which includes Ukraine, has the business interfering in trade and economic ties, RIA reports.
On Monday, Hungary...
Due to the prolonged North Sea shortage of wind and record gas price spikes, the slowdown in wind power generation significantly boosted Europe's need for coal. While hefty carbon taxes apply to the production of coal energy, increasing its prices, they remain cheaper than gas production, reports Rossiyskaya Gazeta.
The...
"The Rosneft," from its London stock exchange statistics, has surpassed the capitalization of British oil firm BP. At Monday's start of trade, Rosneft was equivalent to 90,6 billion dollars and BP had a figure of 87,7 billion dollars, Vedomosti writes.
Since the start of the year, the quota Rosneft has increased by...
The accusations against Russia of manipulating the European gas market are perplexing, Russian Ambassador to Germany Sergei Nechaev said, Russian media reported.
The Russian Embassy drew attention to the statements of some German politicians, who assert that the leadership of Russia and Gazprom is artificially limiting gas supplies to Europe.
The...
Poland won the victory when the Polish oil and gas company PGNiG was granted admission to the certification procedure for the Nord Stream 2 gas pipeline operator, Nord Stream 2 AG.
Thus, the opponents of Nord Stream 2 got a way to harm the project participants, although the gas pipeline...
