Oil and gas: page 21

Almetyevsk. Huawei Company has granted assistance to TATNEFT in the successful implementation a new generation of the data storage system (DSS) Huawei OceanStor Dorado V6 as part of the Company's Data Processing Center (DPC) modernization. The main requirements of TATNEFT for the system ...

Bagdad. Iraq’s Deputy Prime Minister for Energy and Oil Minister Thamer Al-Ghadban didn’t rule out the possibility of taking additional measures by oil producing countries to balance the market, as he attended the informal video conference with the participation of several OPEC+ ...

Tokyo. Oil extended gains on Thursday amid signs that producers are cutting production to cope with a collapse in demand for fuel as the coronavirus outbreak ravages the world’s economies. Brent crude LCOc1 was up 33 cents, or 1. 6%, at $20. 70 a barrel by 0254 GMT after rising more ...

Melbourne. Australia said on Wednesday it would allocate A$94 million ($59 million) to buy oil to store in the U. S. Strategic Petroleum Reserve, taking advantage of historically low oil prices to build up its emergency stockpile. “Initially, that reserve will be held in the United ...

Baku. On March 31st, PRISMA European Capacity Platform GmbH and Trans Adriatic Pipeline (TAP) AG have signed an agreement that will open up TAP´s future transportation capacity marketing activities on the PRISMA platform, where transmission system operators, storage system operators and ...

Moscow. Countries participating in the OPEC+ oil production limiting agreement have all the capabilities to respond if necessary to the situation with the low oil prices, Russian Energy Minister Alexander Novak told reporters. "OPEC+ countries are keeping a close eye on the ...

Almetyevsk. TATNEFT's enterprises have begun planned work to prepare for the spring-summer fire hazard period. Active preventive work has been launched, and the necessary preventive measures have been in order to prevent possible fires, TATNEFT enterprises. Inter alia, the ...

Tokyo. Oil prices found some respite on Wednesday as U. S. oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak. After falling into negative territory for the first time in history ...

Gomel. Mozyr Oil Refinery is getting ready to commission its hydrocracking plant, the company's representatives told BelTA. The installation of fresh-feed pumps of the hydrocracking plant has been finished. The pumps represent a critical link in the hydrocracking technology process. ...

Baku. SOCAR Petroleum CJSC, a subsidiary of Azerbaijan’s State Oil Company SOCAR, increased the number of filling stations under the SOCAR brand in Azerbaijan to 33, Trend reports citing SOCAR Petroleum. According to information, the commissioning of the new filling station took ...

Washington. US President Donald Trump believes that the current decline in WTI oil prices, which traded below zero on Monday, is a short-term event that occurred as a result of "financial squeeze. " "If you look a month into the future, I think it’s $25 or $29 a ...

Kazan. A meeting of the Board of Directors of PJSC TATNEFT chaired by R. N. Minnikhanov, President of the Republic of Tatarstan, was held in Kazan on April 20, 2020. Members of the Board of Directors were informed on the Company's actions to prevent the spread of the coronavirus ...

Seoul. Oil prices rebounded on Tuesday, with U. S. crude turning positive after trading below $0 for the first time ever, but gains were capped amid unresolved concerns about how the market can cope with fuel demand decimated by the coronavirus pandemic. U. S. West Texas Intermediate ...

Yenagoa, Nigeria. A major Nigerian oil union has suspended planned industrial action after 21 Exxon Mobil Corp. employees quarantined last week after their arrest for violating coronavirus-related movement restrictions were freed, it said on Sunday. The governor of southern oil hub Rivers ...

Nizhnekamsk. Two new installations were commissioned at the TANECO Complex: hydrotreatment of heavy coking gas oil and extractive distillation with sulfolane. The launching of new operations in the central operator room of the complex was performed with participation of Rustam Minnikhanov, ...

Moscow. Virus-containment measures will keep oil prices low, Trend reports citing UK-based Capital Economics research and consulting company. News of a record 9. 7 million barrels per day (bpd) cut to output by OPEC and its allies failed to prop up oil prices, which fell again this week, ...

Singapore. Crude oil futures fell on Monday, with U. S. futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that U. S. storage facilities will soon fill to the brim amid the coronavirus pandemic. The oil market has been under pressure ...

Moscow. The global oil demand is expected to plummet by 6. 8 mln barrels per day (mb/d) in 2020, the Organization of the Petroleum Exporting Countries (OPEC) says in its April report. "For 2020, the world oil demand growth forecast is revised lower by 6. 9 mb/d, to a historical drop ...