All news: page 14

New York. Oil held near three-year highs on U. S. Independence Day as tight supplies at home and abroad overshadow a Saudi pledge to boost output. President Donald Trump reacted with an angry tweet. OPEC is “doing little to help” reduce gasoline costs, Trump tweeted. “If ...

Baku. The Trans Anatolian Natural Gas Pipeline (TANAP) will support regional trade and improve connectivity, the World Bank (WB) told Trend. "It is one of the highest infrastructure priorities for Azerbaijan, Georgia, Turkey and the countries in south-eastern Europe. Helping ...

Singapore. Oil prices fell on Thursday after U. S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude. The escalating trade row between Washington and Beijing also cast a shadow over markets, with China warning it could introduce duties on U. S. crude ...

Khanty-Mansiisk. The economic development today is impossible without petroleum industry. However, scientists keep saying that conventional reserves of oil are getting depleted and we’ll run out of them in just 50 years’ time. A lot of researchers claim that the solution to the ...

Astana. The OPEC decision to increase oil production will not have a major effect on its price but the Bank of Russia intends to revise the oil price forecast yet leave it "fairly high, " First Deputy Chairwoman of the Central Bank Kseniya Yudaeva said on Wednesday. "We will ...

Washington. U. S. -based international oil company ConocoPhillips signed agreements on Tuesday with U. K. -based oil company BP for the sale of a 16. 5 percent interest in the Clair Field in the U. K. to acquire an additional 39. 2 percent interest in the Greater Kuparuk area in Alaska, ...

Riyadh. Business France jointly with EVOLEN, and the French Business Grouphosted the third UAE France Oil and Gas Connecting Days from June 25thto 26thin Abu Dhabi and Ruwais. The two days forum included ADNOC and its subsidiaries, as well as several ADNOC partners including Mudabala Petroleum. ...

Moscow. Saudi Arabia is ready to use additional production capacities, if necessary, to increase oil production in coordination with other producing countries, the Council of Ministers of the Kingdom said in a statement, excerpts from which are published by the Saudi Press Agency, TASS ...

Singapore. Oil prices edged up on Wednesday, lifted by a report of declining U. S. fuel inventories amid the ongoing crude supply outage at Syncrude Canada in Alberta, which usually supplies the United States. U. S. West Texas Intermediate (WTI) crude futures CLc1 were at $74. 60 a barrel ...

Khanty-Mansiisk. In January 19. 786 mln tons of oil were produced in KhMAD in March, which is 0. 664 mln tons more than in April, according to the estimates by the Oil and Gas Information Agency. The average daily production increased by 1. 3 thous. t and amounted to 638. 4 thousand tons. ...

Moscow. Russia’s top gas producer Gazprom is ramping up production to increase exports abroad and continue to be Europe’s largest supplier. Gazprom increased gas production by 8. 7 percent in the first half of 2018, compared to the same period last year, to 253 billion cubic ...

Washington. President Donald Trump's negative approach to counter high oil prices has put his energy policies to the test as high crude prices continue to benefit the American oil industry, while helping Trump realize his energy goals. Trump, who has long been a critic of high oil ...

Moscow. Saudi Arabia and Russia reaffirmed an agreement between OPEC and its allies to increase oil production by 1 million barrels a day. Their joint announcement came days after U. S. President Donald Trump said he’d received assurances from Saudi Arabia that the kingdom could boost ...

Washington. The United States is willing to work with nations that are decreasing oil imports from Iran on case by case basis, US Department of State Director of Policy Planning Brian Hook told reporters. "Our goal with respect to the energy sanctions, our goal is to increase ...

Baku. Commodities have become increasingly challenged since the second half of 2018, Ole Slot Hansen, head of department of strategy at Saxo Bank, told Trend July 2. “Following a strong start to the year we have seen multiple headwinds begin to emerge during the past quarter, ” ...

The market correction lasted slightly over a month. Last Tuesday the Brent price surged up, exceeded $76 for a barrel only to break the average market downtrend next day (pic. 1). Trading closed at $79. 12. Pic. 1 The formal cause for the turn was the reduction in the US crude ...

Moscow. The LUKOIL Press Service informs all parties concerned that its official trademark and corporate identity are illegally misused at http://www. lukoil25. men/. Besides, false information has been sent through mobile apps and social networks about a special offer of 200 liters of free fuel ...

Singapore. Oil prices climbed on Tuesday after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets. Brent crude oil futures LCOc1 were at $77. 71 per barrel at 0217 GMT, up 41 cents, or 0. 5 ...