Wednesday, August 12, 2020
The coronavirus crisis will lead to global oil demand dropping by around 8 percent this year compared to last year, the International Monetary Fund (IMF) said in a new report, as carried by Qatari daily The Penunsula, Russia Today reported. This year, oil prices will be 41 percent lower than...
Russian companies confirmed requests for supplies of 1.21 mln tonnes of crude oil to Belarus in August, press secretary of Belneftekhim holding Alexander Tischenko told reporters on Wednesday, TASS reports. "Russian companies confirmed requests for supply of 1.21 mln tonnes of oil to Belarus in August, including 77,000 tonnes to...
The average daily oil and gas condensate production in Russia from July 1 to 29 was at the level of 1.281 mln tonnes, according to the data released by the Central Dispatching Department of Fuel Energy Complex (CDU TEK) on Monday. This is 0.7% above the average daily oil...
Belarus lost 1.5 billion Belarusian rubles (about $600 million) because of the oil dispute with Russia, President Alexander Lukashenko said in his address to the nation and the parliament on Tuesday, TASS reported. "In this difficult situation, we did not close our enterprises, unlike the rest of the world, we...
As U.S. lawmakers plot to stop one of Moscow’s most important projects in Europe, the Nord Stream 2 pipeline, lobbyists supporting it are busier than ever but disclosing few details of their work, according to government filings and current and former U.S. officials, Reuters reported. The pipeline linking Russian gas...
Russia’s oil production in July remained at June’s level, as agreed under the OPEC+ deal, the Russian energy ministry said on Sunday, TASS informed. "Under the OPEC+ agreements, Russia kept oil output in July at June’s level. The compliance rate will be close to that in June," it said. Russian Energy...
Poland’s Office of Competition and Consumer Protection (UOKiK) has imposed a penalty of around $57 mln on Russia’s top gas producer Gazprom for failure to cooperate in the investigation conducted in relation to construction of Nord Stream 2 gas pipeline, the regulator said in a statement on Monday, TASS...
Rosneft, Russia’s largest oil producer, will cut salaries at its central office by a quarter following a decision to reduce the working hours due to the fallout from the coronavirus, Kommersant daily reported on Friday. The newspaper, citing unnamed sources, said the cuts will be implemented from Oct. 1 when...
European prices for natural gas would drop by about one quarter if the Nord Stream 2 pipeline connecting Russia to Germany were completed, the consulting firm Wood Mackenzie said in a report on Friday, Sputnik News reported. “If Nord Stream 2 remains unfinished, European benchmark TTF gas is expected to...
Gazprom has resumed with the supply of gas to Greece through the territory of Bulgaria, after an accident had occurred, RBC reports. "Applications for transportation on July 29 will be fulfilled in full," added Bulgartransgaz. The information on the resumption of gas supplies through Bulgaria was also confirmed by the Gazprom...