Economy: page 3

Tokyo. Oil prices fell on Monday amid renewed doubts over the prospects of a trade deal between the United States and China, while concerns over excess supplies also weighed on the market. Brent crude was down 55 cents, or 0. 9%, at $61. 96 by 0350 GMT. The contract rose 1. 3% last week. ...

Beijing. A giant offshore wind turbine with a 210-meter rotor diameter has been developed in China and will be put into production soon, the science and technology bureau of southwest China’s Chongqing Municipality says. The H210-10MW turbine has a unit capacity of 10 megawatts and is ...

Tokyo. Crude oil futures fell on Friday amid lingering uncertainty on whether, and when, the United States and China will agree a long-awaited deal to end their bitter trade dispute, the gloom compounded by rising crude inventories in the United States. Brent crude, the global benchmark, ...

Moscow. Russian and Belarussian energy ministers are scheduled to hold talks next week, focusing on energy supplies, including the gas price, Russian Energy Minister Alexander Novak told reporters on Wednesday. "As for cooperation with Belarussian partners, as you know, the energy ...

Seoul. Oil prices trod water on Thursday after losses in the previous session, as traders were cautious amid concerns over a potential delay in sealing a long-awaited interim U. S. -China trade deal and a huge increase of U. S. crude stockpiles. Brent crude futures LCOc1 were down 3 cents, ...

Seoul. Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U. S. crude stocks, after gaining for three straight sessions on expectations of an easing of in U. S. -China trade tensions. Brent crude futures LCOc1 were at $62. 60 a barrel by 0330 GMT, down 36 ...

Tokyo. Oil prices steadied on Tuesday as investors kept an eye on U. S. inventory data due later, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal. Brent crude futures LCOc1 were up 4 cents at $62. 17 a barrel at 0330 GMT after gaining 0. ...

Baku. The European Commission adopted the fourth list of Projects of Common Interest (PCI) for implementing cross-border energy infrastructure in the EU, Trend reports citing the European Commission. Electricity and smart grids account for more than 70 percent of the projects, mirroring the ...

Tokyo. Oil prices edged up on Friday after a difficult week, but were still headed for losses of about 4%, hit by a combination of rising global supply and uncertain future demand. U. S. crude rose for the first time in four days, gaining 18 cents, or 0. 3%, to $54. 36 a barrel by 0339 ...

Moscow. PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2019 prepared in accordance with International Financial Reporting Standards (“IFRS”). In the third quarter of 2019, our total ...

Tokyo. Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U. S. crude stocks. Brent crude futures were up 24 cents, or 0. 4%, at $60. 85 a barrel by 0221 GMT, ...

Tokyo. Oil prices slipped on Wednesday, with U. S. crude falling for a third day after an industry report that stocks at the Cushing delivery hub for the benchmark rose last week, shrugging off a drop in overall inventories. Brent crude was down 15 cents, or 0. 2%, at $61. 44 a barrel by ...

Moscow. The development of Russia’s national projects could lead to massive investment from Saudi Arabia, according to the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev. Speaking to RT, he said “we believe that the implementation of national projects in ...

KIev. The executive director of Ukraine’s national oil and gas company Naftogaz, Yuri Vitrenko, said he was preparing a new lawsuit against Russia’s Gazprom. "I did not waste time, because I was working on particulars of a lawsuit against Gazprom in a new arbitration ...

Moscow. The volume of gas production in the Arctic zone of the Russian Federation in 2035, according to the developed strategy for the territory, may amount to 90% of all produced Russian gas, Deputy Minister for the Development of the Russian Far East and Arctic Alexander Krutikov said on ...

Tokyo. Oil prices slipped on Tuesday as investors awaited U. S. crude inventory data for a pointer on oil demand trends, while concerns about slower economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing. Brent LCOc1 futures were down 6 cents at $61. ...

Moscow. In early October, Russian energy giant Gazprom said that more than 76 percent of the Nord Stream 2 pipeline that will bring Russian natural gas to the EU via the Baltic Sea has already been complete. Former Austrian Ambassador to Russia Friedrich Bauer has warned that EU countries ...

Tokyo. Oil prices were steady on Monday, holding on to strong gains last week, after Russia affirmed its commitment to a deal with OPEC producers to keep production in check and support prices. Brent crude was down 1 cent at $62. 01 a barrel by 0055 GMT, having logged a weekly gain of more ...