All news: page 19

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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. ...

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 ...

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 ...

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. ...

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, ...

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. ...