All news: page 19
May 14, 2020/ 11:13
IEA says new cuts by Saudi Arabia and others unlikely to balance oil market
London. International Energy Agency (IEA) Executive Director Fatih Birol said on Thursday that recently announced oil output cuts by major Gulf Arab producers would likely not be enough to balance global markets as coronavirus lockdowns hollow out demand.
“I am happy to see Saudi ...
May 14, 2020/ 10:10
Corinth Pipeworks working on second batch of pipes for IGB, says executive director
Baku. The first tranche (Milestone 1) of pipes for the Interconnector Greece-Bulgaria (IGB) was successfully and timely completed as 37. 6 km of pipes have been delivered to Bulgaria and located for storage in two warehouses near Haskovo and Dimitrovgrad, executive director of ICGB project ...
May 14, 2020/ 09:06
Rosneft will report its Q1 2020 IFRS financial results on Friday, May 15, 2020
Moscow. Rosneft will report its Q1 2020 IFRS financial results on Friday, May 15, 2020.
Q1 2020 IFRS financial results and corresponding MD&A will be available website on May 15, 2020 at 10:00.
Conference call will be held on Wednesday, May 15, 2020 at 16:00 Moscow time (14:00 ...
May 14, 2020/ 08:03
Meeting of OPEC+ ministerial monitoring committee to be held on June 8
Moscow. The Joint Ministerial Monitoring Committee (JMMC) meeting will be held on June 8, 2020, most probably in a video format, while ministerial meetings of OPEC and non-OPEC states will be held on June 9 and 10 as planned, sources in delegations told TASS.
"The JMMC meeting ...
May 14, 2020/ 07:04
Oil prices inch higher on U.S. stockpile drop, but bleak outlook caps gains
Seoul. Oil prices were lifted on Thursday by an unexpected drop in U. S. crude stocks, but gains were capped by both a bleak outlook for the world’s no. 1 economy as the coronavirus pandemic crushes fuel demand and concern over a potential second wave of cases.
Brent crude futures ...
May 13, 2020/ 11:08
Crude oil production in Kazakhstan hit 31.3 mln tons
Nur-Sultan. Crude oil and condensate production in Kazakhstan made 31. 3 mln tons in January-April this year that is 2. 6% to the plan or an increase by 6% to the same period of 2019.
Oil output rose at TengizChevroil by 4. 1%, 11. 5% at Kashagan, » Energy Minister Nurlan Nogayev told ...
May 13, 2020/ 10:05
Proxy adviser ISS recommends vote against splitting Exxon CEO, chairman roles
Houston . Institutional Shareholder Services recommended that investors cast advisory votes against splitting the chief executive and chairman roles at Exxon Mobil Corp, in a report released by the influential proxy adviser late Tuesday.
ISS wrote that the oil company’s newly created ...
May 13, 2020/ 09:05
Russian, US energy chiefs discussed collective measures to stabilize oil market
Moscow. Russian Minister of Energy Alexander Novak and US Secretary of Energy Dan Brouillette discussed the situation on the global oil market and measures undertaken to stabilize it by telephone, the Russian Ministry of Energy reports on Tuesday.
"The current condition and prospects of ...
May 13, 2020/ 08:03
First Russian Aframax tanker “Vladimir Monomakh” launched at Zvezda shipyard
Moscow. The first Russian Aframax tanker “Vladimir Monomakh” was heaved off at the Zvezda Shipbuilding Complex.
The powerful new-generation tanker is designed to transport oil in unrestricted navigation. The vessel is designed in compliance with high environmental safety ...
May 13, 2020/ 07:01
Oil falls on second wave outbreak fears, rise in U.S. inventories
Tokyo. Oil prices fell on Wednesday on worries about a possible second wave of coronavirus cases in countries starting to ease lockdowns, while industry data showed a rise in U. S. crude inventories.
The concerns overshadowed a further call by Saudi Arabia for larger production cuts to ...
May 12, 2020/ 11:03
Pemex s oil reserves replacement rate jumps in 2019
Mehiko. The replacement rate of proven oil and gas reserves estimated by Mexican national oil company Pemex soared in 2019 compared to the previous year, according to the firm’s annual filing with the U. S. Securities and Exchange Commission (SEC).
Pemex’s 2019 replacement rate, ...
May 12, 2020/ 10:06
Turkey reveals list of its top LPG-importing companies
Baku. The biggest share of LPG imports among Turkish companies accounted for Aygaz Anonim Şirketi company, Trend reports referring to the report of the Turkish Energy Market Regulatory Authority (EPDK).
As of February 2020, 9 licensed companies imported LPG.
Table including the ...
May 12, 2020/ 08:03
Russian government to prepare economic recovery plan by June 1
Moscow. Russian President Vladimir Putin instructed the Russian government to submit a nationwide economic recovery action plan by June 1, developed together with regional authorities and representatives of business communities. The order was published on Monday on the Kremlin website. ...
May 12, 2020/ 07:01
Oil prices climb as Saudi Arabia pledges further production cut
Melbourne. Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus pandemic crushed fuel demand.
Brent crude LCOc1 futures climbed to a high of $30. 11 a ...
May 08, 2020/ 11:26
Gazprom donates 200,000 protective suits for St. Petersburg doctors
St. Petersburg. Gazprom donated to the Government of St. Petersburg 200, 000 biological protection suits purchased for the doctors who are fighting against the spread of the new coronavirus.
The suits were manufactured in China, where they demonstrated their effectiveness during contacts ...
Belneftekhim working on importing oil to Belarus via Polish Gdansk
Minsk. Belneftekhim is working on importing oil via the Polish city of Gdansk, BelTA learned from Aleksandr Tishchenko, Press Secretary of the Belarusian state petrochemical concern Belneftekhim.
The spokesman said: “The northern direction and the southern one are now operational. ...
May 08, 2020/ 09:27
Turning oil wells back on is trickier than shutting them off
With thousands of oil wells choking back or completely shutting off production, companies already are looking ahead to what may prove to be an even bigger challenge: turning wells back on.
U. S. and Canadian oil producers are curbing as much as 4. 5 million barrels of daily supplies, ...
May 08, 2020/ 08:12
Putin, Trump discuss OPEC+ deal, coronavirus pandemic, bilateral relations
Moscow. Presidents Vladimir Putin of Russia and Donald Trump of the United States have discussed the fight against the coronavirus pandemic, the OPEC+ deal and bilateral relations, the Kremlin press service said on Thursday following a telephone conversation between the two presidents. ...