Oil and gas: page 4

Singapore. Oil prices retreated on Thursday after gaining more than 2% in the previous session on bullish U. S. crude inventory data, as a fresh spat over Hong Kong fueled concerns of a further delay in any U. S. -China trade deal. The trade war between the world’s two biggest ...

Ottawa. About 3, 200 workers at Canadian National Railway Co. went on strike at midnight Tuesday, threatening to crimp shipments of oil, potash and grain across the country. Conductors and yard operators at Canada’s largest railway walked off the job after failing to reach an ...

Moscow. Gazprom has completed welding work on the linear part of the gas pipeline to supply gas to Nord Stream 2 on the Russian territory, and is preparing to commission its compressor station, the holding said. "The welding of the planned linear section of the gas pipeline with a ...

Brussels. The European Commission (EC) has recommended direct purchases of the Russian gas totaling around 15 bln cubic meters per year to Ukraine to reduce expensive reverse supplies, a source in the EU’s institutions close to trilateral gas talks told TASS. "The European ...

Singapore. Oil prices were steady on Wednesday, after falling the past two days, as a surge in U. S. stockpiles reinforced concerns about lackluster global economic growth amid the trade war between the United States and China, the world’s two biggest oil consumers. West Texas ...

Moscow. Russia's Gazprom has officially proposed to Ukraine's Naftogaz to extend the existing contract for the Russian gas transit through Ukraine, which expires in the end of the year, or to sign a new deal for one year taking into consideration the forecast for the European Union's ...

Moscow. As its semi-annual meeting nears, OPEC is facing increasing pressure to deepen its output cuts or face the possibility of much lower oil prices. Global oil supply could continue to rise at a rapid pace in 2020, surpassing the increase in demand. According to new figures from the ...

Kiev. The executive director of Ukraine’s national oil and gas company Naftogaz, Yuri Vitrenko, said Kiev would seek $11. 8 billion in compensation from Russia’s Gazprom in an arbitration court if Russia halts gas transit via Ukraine starting from 2020. "If Russia halts ...

Singapore. U. S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, exacerbated by a rise in U. S. inventories. West Texas Intermediate (WTI) crude CLc1 fell 10 cents or 0. 18% ...

Moscow. Rosneft has held a seminar on “Corporate Concepts of Hydrocarbon Management”, which was attended by the Company’s senior executives and managing representatives of foreign energy majors, including BP Russia President David Campbell, Equinor Russia President Elisabeth ...

Riyadh. The price range for Saudi Aramco shares published on Sunday ahead of an IPO indicates that the value of the oil giant is between $1. 6 trillion to $1. 7 trillion, which falls short of the initial $2 trillion target. The indicative price range for about 3 billion shares that Saudi ...

Amsterdam. Netherlands sees the completion of Southern Gas Corridor in 2020 as an important milestone, Netherlands Ministry of Foreign Affairs told Trend. "Although, given its geographical location, the Netherlands is not connected to the Southern Gas Corridor, we always have ...

Moscow. Gazprom Export received a notice from Poland’s PGNiG regarding the intention not to extend the gas supply contract effective by December 31, 2022, the company told reporters on Friday. "Terms of the contract provide an option of sending such notice. Gazprom Export ...

Singapore. Oil prices were little changed on Monday following steady gains in the previous week with investors awaiting fresh clues over prospects for a trade deal between the United States and China, shrugging off concerns over steadily rising oil supplies. Brent crude futures LCOc1 were ...

Washington. US oil producers are preparing for an abrupt change in federal government policies in case a Democrat wins the 2020 vote, with almost 3 million barrels in daily production at stake if this happens. This is the average amount of oil produced on federal land, according to Rapidan ...

Baku. Benefits of the Trans Caspian Pipeline project, which envisages transportation of gas from Turkmenistan to Europe through Azerbaijan are are obvious, Cyril Widdershoven, a Middle East geopolitical specialist and energy analyst, a partner at Dutch risk consultancy VEROCY and SVP MEA-Risk, ...

Tokyo. Oil prices posted early gains as OPEC’s outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month. Optimism that the United States and China could soon sign an agreement ...

Moscow. OPEC’s secretary general said on Wednesday a trade deal between the United States and China would boost the global economy and would help lift a “dark cloud” over the oil market, Trend with reference to Reuters reports. Mohammad Barkindo also said it was premature ...