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Kogalym, KhMAO. Minister of Culture of the Russian Federation Vladimir Medinsky, President of LUKOIL Vagit Alekperov and Governor of Khanty-Mansi Autonomous District – Yugra Natalia Komarova visited the recently opened local branch of the Moscow's State Academic Maly Theatre and other ...

Moscow. Oil tanker owners face spiraling insurance costs to load cargoes from the world’s largest crude-export region after the latest round of attacks on vessels. War risk premiums that owners pay each time they go to the Persian Gulf have now surged to at least $185, 000 for ...

Krasnoyarsk. Industrial drilling began at the Payakha oil field in the northern Krasnoyarsk Region, the region’s Governor Alexander Uss’ press service said on Friday. The Neftegazholding Company, which develops the field, began drilling first bush wells. Within the current ...

Riyadh. Saudi Energy Minister Khalid al-Falih said on Sunday that OPEC would probably meet in the first week in July in Vienna and that he hoped it would reach consensus on extending its agreement to cut oil output, Trend reports citing Reuters. Falih said earlier this month that OPEC was ...

Tokyo. Oil prices rose on Monday after U. S. Secretary of State Mike Pompeo said Washington will take all actions necessary to guarantee safe navigation in the Middle East, as tensions mounted following attacks on tankers last week. Brent futures had climbed 26 cents, or 0. 4%, to $62. 27 ...

Moscow. The impact of trade wars on global economic growth will be taken into account at the next meeting of OPEC and non-OPEC countries participating in the oil production cut agreement when they decide on production levels for the second half of 2019, according to OPEC’s June report. ...

Moscow. Crude shipments designated for the West could be in danger, the International Association of Independent Tanker Owners (INTERTANKO) has warned after what Iran described as suspicious attacks on oil tankers in the Strait of Hormuz. “We need to remember that some 30% of the ...

Moscow. Russia may resume gas supplies to Ukraine at the price, which is 25% lower than the current one, Energy Minister Alexander Novak said at a briefing on the results of negotiations with the European Commission’s Vice President for Energy Union Maros Sefcovic. "We are ready ...

Baku. SOCAR Trading, trading house of Azerbaijan’s state oil company SOCAR, has increased the trade in liquefied natural gas (LNG) more than four times, Trend reports with reference to the company June 12. SOCAR Trading, headquartered in Geneva, was established in late 2007 by the ...

Tokyo. Oil rose for a second day on Friday, extending sharp gains following attacks on two oil tankers in the Gulf of Oman that stoked concerns of reduced crude flows through one of the world’s key shipping routes. The attacks near Iran and the Strait of Hormuz pushed oil prices up as ...

Moscow. China’s national energy companies are set to channel more of their overseas investment to Africa than to any other continent as they hunt for new pockets of oil and gas. Africa will account for more than $15 billion of their upstream capital expenditure over the next five years, ...

Teheran. Iran is revising its economic policies in order to make its economy independent from oil and fend off the consequences of US sanctions against the Islamic Republic, Foreign Minister Mohammad Javad Zarif has announced. The top Iranian diplomat met his Japanese counterpart Taro Kono ...

Moscow. The loading of the Druzhba pipeline may be restored to the level prior to the incident with contamination and subsequent transit suspension within the next 2-3 months, Vice President of Russia’s pipeline operator Transneft Rashid Sharipov told a telephone conference, informs TASS. ...

Baku. In January-May 2019, Azerbaijani gas supplies from the Shah Deniz field to Turkey via the Trans-Anatolian Natural Gas Pipeline (TANAP) amounted to 790 million cubic meters, Trend reports referring to Azerbaijan’s state oil company SOCAR. June 12, 2019, marks a year after the ...

Tokyo. Oil prices fell for a second day on Thursday, extending declines of as much as 4% in the previous session, on continued increases in U. S. crude stockpiles and concerns about lower demand growth. Brent crude futures were down 6 cents, or 0. 1%, at $59. 91 a barrel by 0336 GMT ...

Baku. Azerbaijan obtained revenues worth $10. 69 million (18. 1 million manats) from the transit of oil and gas in 2018, Trend reports referring to the report of the Azerbaijani Chamber of Accounts. According to the report, the amount of the revenues is by 188, 200 manats more than the ...

Moscow. In10 days, the Indian government held three internal meetings to figure out ways to resume importing Iranian crude oil. A few shipments arrived in India from Iran after the deadline for the US' oil sanctions waivers, on 2 May. New Delhi (Sputnik): In a significant development, ...

Moscow. Russian Energy Minister Alexander Novak did not rule out that oil prices could fall to $30 per barrel due to overproduction, the Minister told reporters after the meeting of the Russian-Saudi intergovernmental commission on trade, economic and scientific and technical cooperation. ...