Oil and gas: page 14

Seoul. Oil prices nudged higher on Friday as traders await cues from a meeting that could take place as soon as this weekend where major oil producers will discuss whether to extend record production cuts. Brent crude futures were up 20 cents, or 0. 5%, at $40. 19 a barrel as of 0419 GMT, ...

Moscow. OPEC leader Saudi Arabia and non-OPEC Russia have agreed a preliminary deal to extend existing record oil output cuts by one month while raising pressure on countries with poor compliance to deepen their cuts, OPEC+ sources told Reuters/ OPEC+ agreed to cut output by a record 9. 7 ...

Moscow. Rosneft shareholders approved record high dividends for 2019. The total amount including the interim pay-out for the first half year will come to 354. 1 bln rubles which is 50 % of the IFRS net profit attributable to Rosneft shareholders. The Annual General Shareholder meeting was ...

Moscow. Iraq remains committed to the OPEC+ deal and works with OPEC members on stability and balance of oil markets, a representative of the Iraqi Oil Ministry told TASS. "Iraq confirms its commitment to the OPEC + agreement and works with OPEC members on the stability and balance of ...

Moscow. PJSC "LUKOIL" released its condensed interim consolidated financial statements for the three-month period ended March 31, 2020 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2020 4Q ...

Melbourne. Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains. Brent crude LCOc1 futures fell 1%, or 41 cents, to $39. 38 a ...

Moscow. ​Lubricants Plant of PJSC LUKOIL in Kazakhstan (LUKOIL Lubricants Central Asia LLP) shipped the first batch of LUKOIL industrial and motor oils for passenger and commercial vehicles to the Chinese market. The volume of the first delivery was more than 200 tons of Kazakh-made oils. ...

Nur-Sultan. On 22 May 2020, the Board of Directors of JSC NC “KazMunayGas” (hereinafter – KMG, the Company) approved the payment of dividends based on the 2019 performance in the amount of KZT 81. 7 billion, which is approximately twice as much as a year earlier. The ...

Moscow. Gazprom is now the largest issuer in the MSCI Russia Index. The Company's ranking was revised based on the latest review of the stock index by MSCI. In the second quarter of 2020, MSCI revised the free float-adjustment factor – one of the key indicators on the basis of ...

Minsk. Belarus expects oil supplies to its refineries from ten Russian companies in June with the total volume of delivered oil of around 1. 1 mln tonnes, press secretary of the state concern Belneftekhim Alexander Tishchenko told TASS. "The issue is about deliveries both via pipeline ...

Tokyo. Oil rose on Wednesday, with Brent at $40 for the first time since March, as optimism mounted that major producers will extend production cuts and a recovery from the coronavirus pandemic will spur fuel demand. Brent crude futures for August rose 43 cents, or 1. 1%, at $40 a ...

St. Petersburg. Maintenance and servicing of electrical facilities at the Gazprom Neft Moscow Refinery has been simplified thanks to the deployment of augmented reality (AR) technologies. This innovation is facilitating better control and reliability in energy systems and labour safety, as well ...

Peking. Sign up for Next China, a weekly email on where the nation stands now and where it's going next. Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in ...

Mexico. The Trump administration has backed off its regular oil and gas lease sale schedule, postponing at least two auctions that had been set for later this month after delaying a major sale in New Mexico in May, according to an official web site. The moves mark a shift for the U. S. ...

Moscow. Gazprom Export, a wholly-owned subsidiary of Gazprom, and Greece’s Mytilineos S. A. concluded a long-term contract for the supply of natural gas, the Russian company said. The contract provides for the delivery of gas to Greece from 2020 to 2030. The document was signed by ...

Melbourne. Oil prices crawled higher on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a meeting expected later this week. Brent crude LCOc1 futures rose 0. 4%, or 17 cents, to $38. 49 a barrel as of 0220 GMT. ...

Moscow. OPEC and Russia are moving closer to a compromise on extending current oil output cuts and are discussing a proposal to roll over supply curbs for one to two months, three OPEC+ sources told Reuters on Monday, Trend reports. OPEC+ decided in April to cut output by a record 9. 7 ...

Moscow. Since the outbreak of the coronavirus pandemiс LUKOIL has donated more than 652 million rubles in 22 Russian regions and almost 900 thousand dollars in its operation countries abroad to treat patients and fight the spread of the disease. The primary share of the aid was donated to ...