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Moscow. Starting from November 1, 2019, export duty on oil in Russia will increase by $1. 1 and amount to $88. 3 per metric ton, the Russian Ministry of Finance said in a statement on Tuesday. The average price of Urals oil in the monitoring period from September 15 to October 14, 2019 ...

Singapore. Oil prices rose on Wednesday, tracking gains in equities, as investors pinned hopes on a potential Brexit deal between Britain and the European Union and on signals from OPEC and its allies that further supply curbs could be possible. But gains were limited due to lingering ...

Tehran. The National Iranian Oil Company (NIOC) announced the discovery of a new gas field south of Fars Province, southern Iran. Entitled as Eram, the gas field is estimated to hold 19 trillion cubic feet (540 bcm) of natural gas in its reserve of which 13 tcf is recoverable. The ...

Moscow. The initial public offering (IPO) of Saudi Aramco might be officially authorized by the government of Saudi Arabia as early as this week, media reported on Monday. According to The Financial Times, citing sources familiar with the matter, the domestic listing of Saudi Arabia ...

Riyadh. A consortium of investors consisting of the Russian Direct Investment Fund (RDIF), Saudi Aramco and the Saudi Arabia’s Public Investment Fund (PIF) negotiated papers on acquisition of a 30. 76% stake in the Novomet Group from Rusnano, RDIF says in its press release on Monday. ...

Moscow. LUKOIL Press Service reports of the web-site http://lukoil-products. com, that illegally uses LUKOIL's corporate identity and trademarks, but has no relation to any of LUKOIL Group's companies. LUKOIL reserves the right to undertake any lawful measures to protect its ...

Nur-Sultan. Prices for gasoline fell by an average of 4% at the country's gas stations, Kazinform reports. Over the year a verage retail gas prices fell by 4%. Thus, the price of AI-92 gasoline at gas stations decreased by 5. 4% and reached KZT146. 7. Prices for AI-95 and AI-96 ...

Singapore. Oil prices dropped again on Tuesday after falling heavily in the previous session, as weak Chinese economic data for September added to lingering concerns about the feasibility of the U. S. -China trade deal announced by President Trump late last week. Brent crude futures LCOc1 ...

Moscow. The Gazprom Management Committee took note of the information about the progress of major investment projects. The Company is making preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline. Efforts for filling up the pipeline with ...

Moscow. I have been following changes in the American gas industry for almost 9 years, and, in my opinion, it is currently at its peak. Enthusiastic forecasts predict it will continue to grow for at least another 6 years, and I have decided to check how realistic the predictions are. As ...

Tehran. An Iranian oil tanker was hit by missiles in Red Sea earlier on Friday, causing damage in its two major tanks and oil is spilling into the sea, Kazinform refers to IRNA. According to Public Relations and International Affairs Department of National Iranian Oil Company, the oil ...

Moscow. The Volgograd refinery (LUKOIL-Volgogradneftepererabotka, a wholly-owned subsidiary of PJSC LUKOIL) began production of low-sulfur fuel oil (BUNKER FUEL OIL 0. 5) complying with requirements of the MARPOL international convention. The company plans to produce about 1 million tonnes of ...

Singapore. Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the thaw that helped to lift crude markets by 2%. Brent crude futures LCOc1 edged down by 25 cents to $60. 26 a barrel by 0436 ...

Moscow. The Organization of Petroleum Exporting Countries (OPEC) revised its global oil demand growth outlook downward by 40, 000 barrels per day vs. September estimate to 0. 98 mln barrels daily, OPEC says in its report. Demand growth forecast for 2020 is kept at the level of 1. 08 mln barrels ...

California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires “unacceptable, ” saying on Thursday it resulted from years of mismanagement by the utility. Pacific Gas and Electric Co (PG&E) has imposed unprecedented ...

Minsk. Losses of Belarus in 2020 from a tax maneuver in the oil sector of the Russian Federation will amount to $400 mln, Minister of Finance of Belarus Maksim Yermolovich told reporters. When asked about the progress in negotiations with Moscow on compensating Minsk for economic losses from ...

Seoul. Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the United States and China to end their trade war. International benchmark Brent crude futures ...

Moscow. LUKOIL got first place in the 2019 Environmental, Social and Governance (ESG) rating, prepared by RAEX rating agency and published in RAEX Rating Review. The rating grades companies against their abilities to manage environmental, social and governance risks, integrate risk management ...