Monday, January 25, 2021
OPEC’s major output cut may be a lifeline for US shale, which is struggling under the weight of the new pandemic world order, RT reports. OPEC and the United States were once at bitter odds. In the days of the oil embargo, the situation was sticky and heated. Today,...
The Nord Stream 2 sub-sea gas pipeline to Germany will be completed despite pressure from the United States, Russia’s RIA news agency quoted the Foreign Ministry as saying on Wednesday, TASS reports. Completion of the project, which is more than 90% finished, depends on various factors, including weather, RIA reported,...
The first power unit of the Belarusian Nuclear Power Plant (NPP) has reached 100% capacity, the press service of the Belarusian Energy Ministry said on Wednesday, TASS writes. "The first power unit of the Belarusian Nuclear Power Plant achieved the rated capacity level on January 12 at 19:57 pm (coinciding...
The Russian budget can receive extra 73.5 bln rubles ($996.2 mln) of oil and gas revenues in January, the Finance Ministry says on its website on Wednesday, TASS writes. "The expected amount of extra oil and gas revenues of the federal budget related to actual oil price overrunning the baseline...
Volatility in the oil market in 2021 will decrease and oil demand will grow by 3-5 mln barrels per day (bpd). Nevertheless, it will not reach the pre-crisis level, which was higher by 6-7 mln bpd against the level of 2020, Russian Deputy Prime Minister Alexander Novak said in...
The OPEC+ deal on oil output cuts reached last year saved the global energy sector from a collapse and prevented oil prices from dropping below zero, Russian Deputy Prime Minister Alexander Novak said in an interview with RBC TV. The interview was published on Monday as ministers from OPEC+ countries...
Transit of Russian gas to Europe through the Gas Transmission System Operator of Ukraine (Gas TSO of Ukraine) amounted to 55.8 bln cubic meters in 2020, which is 38% lower than the previous year, press service of the operator reported on Saturday, TASS writes. "In 2020, Gas TSO of Ukraine...
Coal production in Russia in December 2020 decreased by 5.1% compared to the same month in 2019 to 35.56 mln tonnes, according to statistics released by the Central Dispatching Department of Fuel Energy Complex (CDU TEK) on Saturday, TASS informed. At the end of 2020, coal production decreased by 9.2%...
Iran has told the U.N. nuclear watchdog it intends to enrich uranium to up to 20% purity, a level it achieved before its 2015 deal with major powers and higher than the 4.5% it has recently been enriching up to, Russia’s ambassador to the agency said, Reuters writes. “#IAEA DG...
OPEC+ countries are beginning to gradually increase oil production after nine months of tough restrictions. The rate of production increase will not exceed 0.5 mln barrels per day (bpd). By setting such a small rate, the oil exporters, which account for 40% of the global oil market, will be...

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