Economy

Gas transit from Russia to Europe via Poland stopped

Gas transit via the Yamal-Europe pipeline from Russia through Belarus and Poland to Germany has been brought down to zero on Tuesday.  According to the results of the previous auction, the Polish section of the pipe was booked only …

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Oil prices climb

Oil prices rose on Tuesday, supported by growing confidence in the market that producers will come good on commitments to cut crude supply while demand picks up with more cars back on the road as coronavirus lockdowns eased around the world. …

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Will gas prices turn negative?

Some traders are expecting European gas contracts for near-term delivery to go to zero or even turn negative - which could force sellers to give gas away - following a similar move in the West Texas Intermediate (WTI) oil price last month. …

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Glazyev: EAEU to agree on common oil and gas markets

Energy price fluctuations may accelerate talks on the common oil and gas markets in the Eurasian Economic Union (EAEU), member of the Board on Integration and Macroeconomics of the Eurasian Economic Commission (EEC) Sergei Glazyev said. …

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Oil prices slightly increased

Oil prices rose slightly after they eased on concerns over rising tensions between the United States and China. WTI crude futures increased 0.78%, to $33.51 a barrel, at 08:31 MSK, while Brent crude futures were up by $0.26 on …

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Rosneft reappoints Sechin as CEO

Russian energy giant Rosneft re-appointed Chief Executive Igor Sechin for another five years. Sechin has been at the helm of Rosneft since 2012. His existing five-year contract expires this month.  Rosneft, with …

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