Alexey Belogoriev

Brent exceeds $60 per barrel after New Year panic

International Brent crude futures climbed back to $60 per barrel today, with OPEC cutting output and on easing concerns over weak demand growth. Around 0940 GMT, Brent crude for delivery in March hit $60 for the first time in 3.5 weeks …

Read
'South Stream' to be revived as 'Turkish Stream-2'

Gazprom determined the Turkish Stream gas pipeline's route passing through the territory of Bulgaria, Serbia, Hungary and Slovakia. It is expected that deliveries to Bulgaria and Serbia will begin in 2020, to Hungary - in 2021, and …

Read
Oil prices down on surging output, but sanctions loom

Oil prices fell today as surging output by the world's three largest producers outweighed supply concerns from the start of U.S. sanctions next week against Iran's petroleum exports. Brent crude futures were at $72.60 per barrel …

Read
Russian oil companies to be obliged to refine oil

Russia's energy, finance and economic development ministries will oblige Russian oil companies to send at least 17.5% of their annual production to domestic oil refineries, according to the instruction given by Russian Prime Minister …

Read
What does $85 oil mean?

Oil prices were higher today ahead of upcoming U.S. sanctions on Iran starting next month. Oil prices continue to increase primarily on concerns that the sanctions on Iran and the collapse of Venezuelan production will lead to shortages, as …

Read
"U.S. attempt to stop Nord Stream-2 fails"

U.S. President Donald Trump's statement on the Nord Stream-2 project is a pragmatic and reasonable political decision, the head of the Russian State Duma Committee on Energy, president of the Russian Gas Society Pavel …

Read
"OPEC+ fulfills its task"

The OPEC deal has practically fulfilled its task, Russia’s Energy Minister Alexander Novak said, speaking today in the Federation Council.  "This agreement has practically fulfilled its task of leveling …

Read
Will Nord Stream-2 split EU?

Estonia's Foreign Minister Sven Mikser demanded to stop the implementation of the Nord Stream-2 project, explaining it by the fact that the pipeline will increase Europe's energy dependence on Russia. …

Read
Will OPEC+ ease oil deal?

OPEC members are discussing a compromise agreement that would see an oil production increase of 300,000-600,000 barrels per day over the next few months, according to people briefed on the talks, Bloomberg reported. OPEC officials are …

Read
Seul asks Gazprom to build gas pipeline

Russia's Gazprom has resumed talks with the South Korean authorities on the construction of a gas pipeline through the territory of North Korea, Deputy CEO Vitaly Markelov said. "To date, the political …

Read
EU closes Gazprom case

Russia’s Gazprom has settled its seven-year antitrust case with Brussels, avoiding a fine by promising reforms that European officials hope will make the central and eastern European gas market more competitive. …

Read
Brent oil hits $80

Brent crude oil is trading at over $80 per barrel for the first time since November 25, 2014, after the US broke the Iran nuclear deal and Total said it would likely withdraw from its South Pars commitments due to US sanctions. Today …

Read
 Oil price at highest level since November 2014

Oil price hit its highest levels today since November 2014 as stockpiles fall and worries about geopolitical tensions in the Middle East weigh on the markets. The cost of Brent crude oil futures contracts deliverable in June 2018 rose …

Read
 Naftogaz wants $20 billion more from Gazprom

Ukrainian energy firm Naftogaz intends to prove in a new arbitration dispute that the company under-received funds due to the abnormally low cost of gas transit via the Ukrainian territory, Naftogaz Commercial Director Yuriy …

Read
Oil prices drop below $65

Oil prices fell to their lowest in seven weeks today amid fears of rising global supplies after Iran announced plans to increase production and US crude output hit record highs. US West Texas Intermediate (WTI) crude for March …

Read
US output records jeopardize oil markets

US crude oil production broke 10 million barrels a day in November for the first time since production peaked in 1970, the Energy Information Administration said in a monthly report. The US produced 10.038 million barrels a day in …

Read
Why we should not be afraid of shale oil

The increasing shale oil output does not compensate for the general increase in global demand for "black gold", Russian Energy Minister Alexander Novak said at the economic forum in Davos, …

Read

Populars