Russia earned $100 billion after OPEC+ deal

Russia has earned at least 6 trillion rubles after signing an agreement with OPEC+ countries due to oil price cuts, Russian Energy Minister Alexander Novak said. The deal increased the cost of crude oil by $10 per …

Will Georgia start buying Russian gas again?

Georgia's Economy and Sustainable Development Minister Giorgi Kobuliya does not rule out the opportunity of buying natural gas in Russia. He noted that Georgia is negotiating terms of gas transit from Russia to …

Brent oil exceeds $64 for first time since November

International Brent crude oil futures were up 0.66% at $64.03 per barrel for the first time since November 21, 2018. WTI crude futures for March delivery were at $54.21 per barrel, up 0.58%, from their last settlement, RIA Novosti …

Lukoil CEO on future of OPEC+ deal

The future of OPEC+ deal will become clear in April after the situation with sanctions against Iran is clarified, Lukoil President Vagit Alekperov said on the sidelines of the Russian Investment Forum in Sochi. …

 U.S. Sanctions on Venezuela beneficial for Iran?

The United States sanctions on Venezuelan crude complicate its effort to bring Iran’s oil exports to zero. According to some experts, to avoid a price spike, Washington will likely be forced to allow some buyers to continue purchasing …

New EU gas law has Nord Stream 2 loopholes - media

The European Union reached a provisional deal on new rules governing import gas pipelines including the Nord Stream 2 pipeline project. Representatives of EU governments and the European Parliament approved a revision to gas-market …