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Moscow. The imminent overhaul of global ship-fuel regulations is finally delivering a long-awaited benefit to Asian oil refiners. Profits from turning crude into diesel in the second half of 2019 are forecast to be about 31% higher than the first six months, according to Goldman Sachs Group ...

Moscow. The joint venture Natural Gas-Stream, established by Uzbekneftegaz and the Gas Project Development Central Asia (a subsidiary of Gazprom International), is implementing an investment project in north-west of Uzbekistan, a representative of the Ministry of Energy of Uzbekistan told Trend ...

Moscow. US oil sanctions against Iran and Venezuela increased demand for oil from Russia, which allowed Russian exporters to earn at least $905 mln in additional revenues between November and July, Bloomberg wrote. Bloomberg’s calculations take into account the difference between the ...

Singapore. Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists and as traders looked for any signs that Sino-U. S. trade tensions could ease. But price gains were capped by an unusually downbeat OPEC report that stoked concerns about ...

Moscow. Q2 2019 IFRS financial results and corresponding MD&A will be available on our website on August 21, 2019. Conference call will be held on Wednesday, August 21, 2019 at 16:00 Moscow time (14:00 London time/9:00 New York time). Dial-in numbers are below. Webcast link ...

London. Britain’s Mediterranean territory Gibraltar decided on Thursday to free a seized Iranian oil tanker but did not immediately indicate when or if the ship would set sail after the United States launched a new, last-minute legal bid to hold it. The Grace 1 was seized by British ...

Baku. Leading onshore shale gas exploration operator of the UK Cuadrilla confirmed it has resumed hydraulic fracturing operations at its flagship Lancashire site in Preston New Road, Trend reports citing the company. The company announced that it would return to operations last month and has ...

Сhisinau. Moldovan President Igor Dodon said he wants to discuss new conditions for gas supplies with Russian President Vladimir Putin in the near future. Dodon says sure Moldova will have good relations with Russia under new government "In late August or early September, a meeting ...

Tokyo. Crude oil prices rose on Friday after two days of declines, buoyed following data showing a rise in U. S. retail sales helped ease some concerns about a recession in the world’s biggest economy. Brent crude LCOc1 was up 31 cents, or 0. 5%, at $58. 54 a barrel at 0047 GMT, ...

Moscow. Polish authorities expressed disapproval of the price currently paid by the Russian gas holding Gazprom for gas transportation across the country and said they would seek to increase it after expiry of the current contract, Bloomberg news agency reported on Wednesday, citing Polish ...

Baku. On August 12, Russia, Azerbaijan and Iran entered into an agreement on the joint development of a feasibility study for a project to create a North-South energy corridor between the energy systems of the three countries, Trend reports referring to Russia’s System Operator of the ...

Moscow. Hearings on Naftogaz of Ukraine’s freezing Gazprom’s assets in the Netherlands are scheduled for December, the Russian gas holding said on Wednesday. In addition, court hearings on Gazprom contesting the arbitral award in the case of Naftogaz on gas transit are scheduled ...

Moscow. The consortium of Eni, Rosneft, BP, and Mubadala Petroleum together with Egyptian oil and gas companies continues the successful implementation of the Zohr gas project on the Mediterranean offshore. In H1 2019, the production on the field amounted to 11. 3 bcm of gas, which is 3. 6 ...

Tokyo. Oil prices fell on Thursday, adding to sharp overnight losses as U. S. crude inventories unexpectedly rose, fears of recession mounted and economic data out of China and Europe disappointed. Brent crude LCOc1 was down 37 cents, or 0. 6%, at $59. 11 a barrel by 0300 GMT, after ...

Moscow. By autumn, Russia will finalize the studies of its Arctic shelf, which are required for further discussions at the UN, Minister of Natural Resources and Environment Dmitry Kobylkin told reporters. "This summer, we shall make necessary studies of the Gakkel Ridge and will ...

Moscow. The financial results for oil giant Saudi Aramco for the first half of 2019, released on Monday, have revealed a 12 percent drop in net income in comparison with the same period last year, as well as a decline in earnings. "The Company’s net income was $46. 9 billion for ...

Yekaterinburg. The Urals Federal University’s specialists designed an uncrewed vehicle, which will deliver fuel, including gas, to electric energy sources in the Arctic, the University’s Center on Cooperation with Industries’ Deputy Director Alexander Cherepanov told TASS. ...