Oil and gas: page 13

Minsk. Naftan has started charging penalties from Russian suppliers due to the short supply of marketable oil in April, Deputy CEO of the Belarusian refinery Sergei Altukhov told reporters on Tuesday, as BelTA Agency reports. "The legal function of the company organized work on ...

Mexico City. The financial package announced by the Mexican government on Monday and an earlier decision to have state oil company Pemex build a new refinery are neutral to Standard & Poor’s assessment of Pemex’s creditworthiness, the rating agency said. Mexican President ...

Moscow. When BP Plc meets with shareholders next week, it’ll be facing one of the clearest signals yet that the fossil-fuel business is facing an adapt-or-die reckoning. A resolution at the company’s annual general meeting on May 21 will ask BP to prove in a series of reports how ...

Brussels. EC has responded to a request from Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline, stating that EC experts are ready to meet and listen to arguments in favour of excluding the project from amendments to the EU Gas Directive, Press Officer for Climate Action and ...

Minsk. Belarus continues intense dialogue with Russia on compensation following Russia’s tax maneuver, Belarusian Economy Minister Dmitry Krutoi said. "While making a forecast [for the country’s socio-economic development] for 2019, we did not take into account possible ...

Tokyo. Oil prices were moving higher on Tuesday, though gains were checked amid an escalation in the trade war between the United States and China. Brent crude futures were at $70. 30 a barrel at 0318 GMT, up 7 cents, or 0. 1%, from their last close. Brent ended the previous session down ...

Islamabad. Pakistan has notified Iran that mounting US economic pressure makes it “impossible” to proceed with the massive Iran-Pakistan gas pipeline (IP) project, also known as the ‘Peace pipeline’. “We cannot risk US sanctions by going ahead with the [IP] ...

Beijing. In an escalation of the US-Chinese trade spat which began in June 2018, the Trump administration increased tariffs from 10 to 25 percent on about $200 billion in Chinese imports on Friday. The past few months have seen no US liquefied natural gas (LNG) vessels arrive in China, ...

Minsk. The Mozyr Refinery in Belarus started refining of marketable oil and is increasing the capacity utilization to the optimal limit, Belneftekhim Company reports. "On May 11, 2019, the Mozyr Refinery involves in processing oil with quality indicators meeting the standard and ...

Tokyo. Oil futures were mixed on Monday, with U. S. crude edging lower, as investors and traders fretted over global economic growth prospects amid a standoff in Sino-U. S. trade talks. U. S. West Texas Intermediate (WTI) futures were at $61. 58 per barrel, down 9 cents, or 0. 2% at ...

Mexico. Just as Petroleos Mexicanos’ bonds finally recovered from last year’s rout, a dismal earnings report sent them tumbling back down. Pemex said on April 30 that its oil output declined 12 percent in the first quarter from a year ago, while its refineries operated at just ...

Beijing. Speaking ahead of the Arctic Council meeting the other day, Mike Pompeo argued that China’s “pattern of aggressive behaviour elsewhere will inform” about the way it treats the Arctic, which abounds in a variety of natural resources. His remarks prompted a harsh ...

Kiev. Ukraine should brace for fuel shortages following Russia’s introduction of a ban on the export of oil and oil products, economic analyst Alexander Okhrimenko has said. "The ban will take effect on June 1. Fuel shortages will follow, " he said on the 112 Ukraine TV on ...

Ashgabat. Japanese companies are actively operating in the fuel and energy complex (FEC) of Turkmenistan, Trend reports referring to the speech of the Japanese ambassador Katsumata Takahiko at the Oguz Khan University of Engineering Technologies published in the media. Currently, Japanese ...

Singapore. Oil prices stabilized on Wednesday as markets remained relatively tight amid U. S. sanctions on crude exporters Iran and Venezuela. U. S. West Texas Intermediate (WTI) crude futures were at $61. 56 per barrel at 0057 GMT on Wednesday, 17 cents, or 0. 3 percent, above their ...

Moscow. State Expert Review Agency approved of LUKOIL's oil spill response technology. Based on the use of absorbents and biotechnologies, the company's new development is designed specifically for marine and freshwater ecosystems of the Arctic region. As the pilot testing proves, the ...

Houston. U. S. pipeline operator Kinder Morgan Inc will pay a tariff on imported steel used in a $1. 75 billion natural gas pipeline project, the U. S. Department of Commerce ruled on Monday, dealing a setback to energy industry efforts to avoid the penalties. The Trump administration ...

Moscow. Anadarko Petroleum Corp. ’s board has declared Occidental Petroleum Corp. ’s sweetened $38 billion takeover “superior, ” giving Chevron Corp. four days to either boost its offer or walk away from the oil industry’s biggest deal in at least four years. ...