Digest

Moscow. Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels. War risk premiums that owners pay each time they go to the Persian Gulf have now surged to at least $185, 000 for ...

Moscow. Oil bulls thought 2020 would be their year. After half a decade of lower spending on new projects, oil production growth was supposed to slow to a trickle just as demand was supercharged by a once-in-a-generation shake up in the shipping fuel market. Many market commentators predicted ...

Status of TANAP project As you may recall, we held our inauguration ceremony last year for Phase 0. We started delivering gas to Turkey commercially in June 2018. Till now, we have delivered approximately 2. 5 billion cubic meters of gas to Turkey, to Turkish customers. Phase 1, the ...

Statements on inevitable sanctions against the Nord Stream 2 pipeline may be a tactical move by the US administration, Rachel Ziemba, Adjunct Fellow at the Center for a New American Security, told TASS. She was commenting on the recent statement by US Energy Secretary Rick Perry. During ...

Residents of Nikolayevka haven’t had much to gossip about since the owner of the vodka museum over on People’s Friendship Street died, forcing the closure of the only tourist attraction in town. But now that this hardscrabble village in central Russia has emerged as the epicenter ...

Saudi Arabia said armed drones struck two of its oil pumping stations on Tuesday, two days after the sabotage of oil tankers near the United Arab Emirates, and the U. S. military said it was braced for “possibly imminent threats to U. S. forces in Iraq” from Iran-backed forces. ...

New York. The two biggest U. S. oil companies tried to outdo each other on Tuesday, boasting about their prowess in shale to lure investors to their side. Chevron Corp and Exxon Mobil Corp released dueling Permian Basin projections that, if realized, would cement the rivals as the ...

Melbourne. Australia is on the verge of becoming the biggest exporter of liquefied natural gas, with dozens of tankers a week carrying fuel to North Asia. It could also soon be importing LNG as supply sources in its southern states run out. Five LNG import projects are vying to start up ...

Rio de Janeiro. In its efforts to slash its climate-changing emissions nearly to zero by 2050, Rio de Janeiro has chosen a perhaps unlikely place to start: its trash bins. At a huge waste treatment plant outside of the famed beach city, methane gas released by buried municipal garbage is ...

New York. The world’s largest energy trader says oil prices are set to rally further as OPEC output cuts and American sanctions on Iran and Venezuela cause a "shortage" of the low-quality heavy crudes refiners rely on. "From here there’s probably the potential to be ...

Trend's exclusive interview with Romanian Secretary of State Iulian-Robert Tudorache ahead of the 5th meeting of the Southern Gas Corridor Advisory Council in Baku Question: Romania will be able to receive Azerbaijani gas via BRUA pipeline. How much Azerbaijani gas do you expect to receive ...

Washington. Bank of America Merill Lynch sees a peak in global demand for crude oil around 2030, followed by a period of rapid decline as a result of the electrification of transportation. For the next decade or so, oil demand should continue to grow, although at a slower and slower rate. ...

Moscow. The Iranian leadership has sufficient forces to prevent the destabilization of the country after the resumption of US sanctions, Russian Ambassador to Iran Levan Dzhagaryan said in an interview with TASS. "Of course, the economic situation in Iran has worsened a bit after the ...

Moscow. Europe remains divided over the Nord Stream 2 project but even the endeavour's ardent antagonists are forced to admit that the construction of the pipeline can't be halted. Meanwhile, European countries are increasing Russian gas imports, according to preliminary Gazprom data. ...

Washington. The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, aimed at severely curbing the OPEC member’s crude exports to the United States and at pressuring socialist President Nicolas Maduro to step down. Minutes before the ...

Davos. When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors. The conclusion of the discussions was worrying for those present - ...

Washington. Scholar Washington has warned German companies of a significant risk of sanctions unless they suspend their involvement in the Nord Stream 2 pipeline construction. Sputnik has discussed the US threats with Dr Mamdouh Salameh, International oil economist and visiting professor of ...

Texas, USA. Oil has been very good to university endowments in Texas. It was so good in the year through June 30 that the University of Texas saw the value of its endowment reach $31 billion, surpassing Yale to become the second-largest endowment in U. S. higher education, according to ...