Economy: page 3

Singapore. Singapore Exchange will stop producing and publishing its spot price indices - Sling - for liquefied natural gas (LNG), less than four years after their launch, dashing the city-state’s hopes of becoming Asia’s main pricing hub for the fuel. Sling - short for ...

Kiev. Ukraine is filling its underground storage facilities with natural gas, preparing for the winter without transit of Russian fuel, Representative of the Ukrainian President in the Cabinet of Ministers Andrey Gerus said in an interview with RBC-Ukraine. "If you are ready for ...

Moscow. National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat Petroleum (an ADNOC Group company, and JV with CNPC) to provide Front End Engineering Design (FEED) services for the Belbazem Block ...

Tokyo. Oil prices extended overnight gains on Tuesday amid widespread expectations the U. S. Federal Reserve will cut interest rates for the first time in more than a decade this week. Brent crude LCOc1 rose 30 cents, or 0. 5%, to $64. 01 a barrel by 0013 GMT, after gaining 0. 4% ...

Moscow. Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline project, requests the European Court to cancel discriminating measures against the project, the company said on Friday. "Nord Stream 2 AG brought an action for annulment before the General Court. Nord Stream 2 ...

Rome. Snam and IP have agreed to construct an initial 26 new natural gas refueling plants, which will open across IP’s distribution network in Italy in 2020, Trend reports citing Snam. “The new openings comprise the first phase of the 2018 framework agreement between IP ...

Moscow. Russia has proposed that Moscow and Kiev extend the current gas transit contract, which expires on December 31, 2019, for a year, Energy Minister Alexander Novak told reporters on the sidelines of the meeting of the Russian-Turkish Intergovernmental Commission. "We will ...

Washington. A US Senate committee will now not vote until next week on a bill that seeks to levy sanctions on companies and individuals involved in building the Nord Stream 2 natural gas pipeline from Russia to Germany. The bill was expected to be considered during a business meeting on ...

Tokyo. Oil prices fell on Monday after Iran described emergency talks on a multi-party nuclear agreement with a group of signatories as “constructive”, suggesting an easing of tensions in the Middle East. Brent crude futures were down 23 cents, or 0. 4%, at $63. 23 a ...

Kiev. Wexler Group, the largest importer of petroleum products in Ukraine will stop importing of diesel fuel from Russia from August 1, due to introduction of duties by official Kiev, the company s announced on Thursday. "From August 1, Wexler Group is forced to suspend ...

Tehran. Iran has submitted information to International Maritime Organization (IMO) regarding the breach of the maritime rules by UK oil tanker Stena Impero in the Hormuz Strait, Iranian Ambassador to the UK Hamid Baeidinejad tweeted, Trend reports. He said that the oil tanker entered ...

Moscow. PAO NOVATEK announced today that the Arc7 ice-class LNG tanker “Vladimir Rusanov” completed the Northern Sea Route (“NSR”) passage via the Eastern direction, and delivered a cargo of LNG produced by the Company’s Yamal LNG project from the port of Sabetta to ...

Moscow. Sberbank sees a hypothetical possibility to avoid the bankruptcy of the Antipinsky Oil Refinery, an official with the bank’s press service told TASS. "Hypothetically, there is a possibility to avoid bankruptcy proceedings. This is possible, if all debts to creditors are ...

Tokyo. Oil prices fell on Friday after a Reuters poll showed global economic growth is likely to slow further amid the U. S. -China trade war, although losses were limited by tensions in the Middle East. Brent crude futures LCOc1 were down 24 cents, or 0. 4%, at $63. 15 a barrel by 0049 ...

Nur-Sultan. Kazakhstan has banned residents of Russia from smuggling fuel in large quantities from the country, Trend reports with reference to Kazakh media. Thus, the maximum volume that a person can bring to Russia from Kazakhstan is a full tank of their car. Fuel is ...

Kiev. The talks on gas supplies and gas transit between Ukraine and Russia are possible in the near future, Andrei Gerus, a representative of the President of Ukraine in the government, said on Wednesday. Speaking at a government meeting, the official touched upon a possible halt of ...

Moscow. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that the Company’s wholly owned subsidiary NOVATEK-Tarkosaleneftegas commenced commercial production at the South-Khadyryakhinskoye gas field, with estimated gas capacity at about one ...

Moscow. The Antipinsky Oil Refinery and its property will be sold at a public auction as part of the bankruptcy procedure, Maxim Andriasov, the plant's general director, said in an interview with TASS. "It is very likely that the court will introduce bankruptcy proceedings, which ...