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Saudi Arabia to establish $8bn export bank

Saudi Arabia will establish an export bank with capital of $8 billion to support overseas sales by its industrial and mining projects, the country's energy, industry and mineral resources minister Khalid Al Falih said. …

Russian gas returns to Europe

Gas transit through the Baumgarten hub in Austria has been restored, the director of the Gas Connect Austria operator, Harald Stindl, said. "I can report that yesterday we managed to restore all the transit …

Austria's explosion rattles European gas market

A big explosion has rocked a key natural gas facility in eastern Austria, killing one person and injuring at least 18. A fire followed the blast at the Baumgarten site, which happened around 08:45 (07:45 GMT). The facility about 50 …

Brent oil exceeds $65 for first time since 2015

The price of the Brent crude oil futures contract for February delivery rose by 0.8% to $65.19 per barrel in the course of trading on the London’s ICE Exchange. The last time the price of Brent crude rose above $65 per barrel was …

US Congressman calls for sanctions against Ivanishvili

Representative Steve Russell, Republican of Oklahoma, introduced the Georgian Fair Business Practices Sanctions Act, which is a response to several examples of the Government of Georgia violating contracts with U.S. entities and …