Alexei Kokin

Russia - US diplomatic clinch: where is way out?

Washington expressed its regret over Moscow's decision to cut the US diplomatic presence in Russia,  a representative of the Department of State said. "The Russian government has demanded the U.S. Mission to Russia …

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Turkish Stream to run through Bulgaria and Serbia

Bulgaria intends to sign an agreement with Serbia on the transit of Turkish Stream gas, Bulgarian Prime Minister Boyko Borisov said. "We signed a road map a few weeks ago - 15.7 billion cubic meters. Tomorrow we …

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Oil in anticipation of new war in Persian Gulf

The current diplomatic rift between Qatar and other Persian Gulf countries will have an insignificant effect on world markets, but the potentially possible prospect of its escalation into a military clash between Arab states can lead to an …

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 Russia proposes to form super-OPEC

Russia proposed to work out new principles jointly with OPEC and non-OPEC nations to continue cooperation even after the current oil output cut deal expires, Russian Energy Minister Alexander Novak said. "It is …

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 Oil price falls despite OPEC deal extension

The price of oil has fallen, despite oil-producing nations agreeing to extend production cuts for a further nine months. The world’s major oil producers have voted to continue their production cuts into 2018 in an attempt to prop …

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OPEC deal to become more global

Egypt, Norway and Turkmenistan made signs of their willingness to join the oil production cuts, Kuwait's oil minister Essam al-Marzouq said. The minister noted that  Saudi Energy Minister Khalid …

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Europe to say 'yes' to Nord Stream 2

European Commission President Jean-Claude Juncker will likely approve the Nord Stream 2 pipeline project: the decision could be announced after Germany’s general elections in September. "EU officials …

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Russia expects three more years of cheap oil prices

Oil prices will be hovering around $40-60 per barrel in 2017-2019, the Russian Finance Ministry’s Main guidelines for 2017-2019 debt policy said. "The oil price dynamics will still be one of the key risks for the Russian …

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Will US impose sanctions against whole world?

New US sanctions, proposed by the US senators, would damage the global economy, the Kremlin spokesman Dmitry Peskov said. "No doubt, such restrictions will deal additional damage both to bilateral relations …

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OPEC and Russia agree for 6 months

OPEC and Russia have agreed a mutually accepted formula of oil production cap for half a year, Venezuela’s Oil Minister Eulogio del Pino said. He also pointed out that Venezuela expects the signing of documents on …

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Will Trump bring down oil prices?

US President-elect Donald Trump released this video update discussing his policy plans for the first 100 days of his administration on issues of trade, energy, regulations, immigration, ethics reform, and national …

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Will 'oil freeze' start tomorrow?

This Saturday's summit of OPEC member and non-member oil-producing countries in Vienna will reach an agreement as a minimum to freeze oil output levels, the experts told Vestnik Kavkaza on the eve of the Vienna talks between oil exporters.

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Russia ready for construction of Turkish Stream

Russia’s gas transportation infrastructure for gas supply to the marine gas pipeline is ready, the head of Gazprom Alexei Miller said at the meeting with the Russian President Vladimir Putin. According to the intergovernmental agreement, Russia will construct two pipes under the Black Sea to Turkey with capacity totaling 31.5 billion cubic meters of gas, pursuant to the intergovernmental agreement. "According to the schedule, both pipes will be ready by end-2019," he said.

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Will EU abandon gas transit through Ukraine?

The European Union (EU) is ready to abandon the natural gas transit through Ukraine, AFP reports. The reason is the fact that Ukraine does not ensure the unconditional implementation of the energy regulations of the EU including a ban …

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In Russia may allow free export of oil

In 2018 in Russia can reset the export duty on oil, while increasing the taxes on production. Respective capabilities considering the Russian government. According to Bloomberg, these measures will deprive  Belarus and Kazakhstan …

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OPEC demonstrates it has no power

A regular meeting among the OPEC countries has recently took place in Vienna. The main point of the agenda was the discussion of the new possible oil level of 32 …

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Russia raises duties on oil and oil products

Russia's oil export duty was increased by $14.6 to $80.6 per ton from June 1, the Ministry of Economic Development said. Reduced custom fees for oil from Eastern Siberia, Northern Caspian and the Prirazlomnoye Field were still …

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