Friday, 14.12.2018
Questions are being raised about the longevity of OPEC and Russian collective production cuts, after a surge of Brent crude prices over the last few weeks brought the price to $70. “Top OPEC officials surely did not expect such a dramatic run-up in prices, at least not this early in...
Russia remained China’s top crude oil supplier in December for the 10th month and racked up its second year as the top supplier to China in 2017, customs data showed on Thursday, leaving rival exporter Saudi Arabia in second place once more. Shipments from Russia hit 5.03 million tons in...
Russia's Ambassador to Croatia, Anvar Azimov reacted to his U.S. counterpart’s statement involving the intentions of a Russian company to privatize Croatia’s biggest oil and gas company, INA. “The Americans are meddling in the internal affairs of other countries, violating the principle of a free market and are conducting policies...
A woman jailed in Thailand for offering sex lessons without a work permit says she has stories to tell involving the Kremlin, Russian billionaires and even the president of the United States, Newsweek reports. Anastasia Vashukevich, from Belarus, shot to fame in early February when Russian opposition leader Alexei Navalny...
The diplomatic row between the UK and Russia now threatens to spill into energy issues, after UK Prime Minister Theresa May said that Britain was looking “to other countries” for its gas supplies, Platts reports. The UK-Russian relations have quickly deteriorated over the past week after London said that a former...
Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan on Tuesday took part in a symbolic ceremony marking the beginning of construction of Turkey’s first nuclear power plant, Anadolu news agency reported. The two leaders watched cement pouring at the $20 billion Akkuyu nuclear power plant through a video link...
The Organization of Petroleum Exporting Countries (OPEC) continues to over-deliver on its production cuts, with output falling further last month as the group nears its goal of rebalancing the oil market. The cartel pumped 31.93 million barrels a day in April, down from a revised 31.97 million in March, a...
Germany’s Economy Minister Peter Altmaier accused Washington of seeking to block the planned Nord Stream 2 gas pipeline between Russia and Germany to shore up its own exports, Reuters reported. The statement comes after the U.S. warned that the project may be subject to sanctions by Washington. On Thursday, U.S. Deputy...
A billion-dollar energy deal for the construction of an offshore gas pipeline and the supply of Russian gas to Pakistan was expected to be signed on Monday, The Express Tribune reported. The move is seen as another example of Russia making efforts to the Pakistan and India energy markets amid...
Russia’s oil giant Rosneft PJSC’s has said crude at $70 to 80 a barrel was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, less than a week before key talks in Vienna that could phase them out, Union News reported. The producers...