Digest

Moscow. Oil prices have bounced around in the week following the OPEC+ agreement, and the IEA says that the deal may have at least put a floor beneath prices. However, volatility is unlikely to go away. There are a litany of variables that will have enormous impact on oil as we head into ...

Saudi Arabia’s Minister of Energy Khalid Al-Falih is considered to be one of the most influential individuals on the global oil market. Traders, investors and officials keep close tabs on his comments, which can spark serious price changes to the world’s ‘black gold’. ...

Singapore. Investors are about to find out whether the world’s largest oil companies have learned their lesson from $80 billion of cost blowouts in major projects during the era of $100 crude. Firms will approve about $300 billion in spending on such ventures in 2019 and 2020, more than in ...

Chinese importers could be forced to buy crude oil at higher prices in global markets, as imports of this commodity from the United States are expected to halt after US crude oil will be subject to Beijing's retaliatory tariffs amid trade tensions between the two countries, experts told ...

London. Investors in oil majors have a problem. The need to curb carbon emissions means that sometime in the next few decades demand for fossil fuels could peak, raising the risk that prices collapse and reserves lose their value. Shareholders need to decide whether to ask tougher questions, ...

Trump is using everything he's got to wage economic war on Iran. His problem is that 'everything he's got' is not nearly enough, as the virtual monopoly power once wielded by the US has long since evaporated. Last week, a senior state department official announced the ...

Iran’s position in the oil market is looking weaker than ever as a bruising OPEC meeting and tightening net of U. S. sanctions leave it with fewer friends and fleeing customers. Tehran is getting hit from all sides. Washington is telling buyers to stop all purchases of the ...

Melbourne. Private equity firms are expected to drive a wave of merger activity in Australia’s gas sector, hunting for bargains amid soaring demand in China, rising domestic prices and a broader oil market recovery. The energy sector has dominated Australian M&A activity over the ...

Beijing. China’s push to eradicate smog by using more natural gas is set to get a boost as it pushes ahead with a plan to merge under one company a national pipeline network that would unify transport and investment decisions. Regulators are aiming to announce a decision before winter ...

Pedro Parente was named chief executive officer at Brazil’s struggling food giant BRF SA amid hopes that the investor-loved executive will replicate the successful turnaround he implemented at state-controlled oil company Petrobras. The 65-year-old executive will likely take over ...

On a tropical island just off the coast of Nigeria, hundreds of engineers work around the clock to produce liquefied natural gas at a plant the size of Lower Manhattan. Operator Nigeria LNG Ltd. says it will decide later this year whether to invest more than $10 billion to boost capacity by ...

The Stockholm Arbitration Court has upheld the petition of Naftogaz of Ukraine demanding to seize the shares of Gazprom in its Dutch subsidiaries and the debt of these subsidiaries, Naftogaz said in a press release. Naftogaz notes that the petitions were filed to secure its right to receive ...

Both the Sangachal terminal launch and the upcoming inauguration of TANAP, later in June, constitute noteworthy steps towards the timely implementation of the Southern Gas Corridor pipe network, energy analyst Mariana Liakopoulou said in an interview with Azernews. However, it is not that ...

Wintershall's CEO Mario Mehren © Mihail Tereshchenko/TASS CEO of Germany's energy company Wintershall, Mario Mehren, spoke to TASS about the Nord Stream 2 gas pipeline project and plans for Russia in the ongoing sanctions saga. - So as you know Polish ...

Moscow. US small businesses are enjoying a stable influx of investment capital due to higher oil prices, which, coupled with the White House's economic policies, have encouraged robust capital allocation in regional, obscure, and low-key businesses across the country. Kristian ...

Washington’s intention to re-impose the "toughest" sanctions on Iran appears to be playing into the hands of Chinese investors and oil futures traders, analysts have come to believe. Shanghai crude oil futures ISCc1 have recently seen a significant uptick in their trade ...

Beijing. China’s state-owned energy major CNPC is ready to take over Total’s stake in the giant Iranian South Pars gas project if the French company leaves amid newly announced U. S. sanctions, industry sources said. The United States this week said it would impose new sanctions ...

Moscow. Although some companies have learned to ride the waves of geopolitics quite efficiently, still in most cases political tensions only complicate the dealings of energy companies. The Skripal poisoning case has driven a massive political wedge between the United Kingdom and Russia ...