All news: page 19

New York. World oil prices are changing differently on June 20 amid the concerns over implementation of the oil output cut deal reached by OPEC and some non-OPEC countries. The price for August futures of Brent crude oil has increased by 0. 11 percent to $46. 96 per barrel as of 06:19 (GMT ...

Yerevan. Yerevan hosted working meetings of Alexey Miller, Chairman of the Gazprom Management Committee, with Armenian President Serzh Sargsyan and Armenian Prime Minister Karen Karapetyan. The meetings addressed the development of Armenia’s gas industry. Specifically, the meeting ...

Washington. Ukrainian national oil and gas company Naftogaz wants to transit Russian gas after 2020, head of Business Development department at Naftogaz Yuri Vitrenko told TASS. "Yes, it is interested in this, " Vitrenko said after attending a seminar "Naftogaz and future of ...

Moscow. Russia’s government has reached an agreement on a gradual abolition of crude export duty instead of a one-off removal, Finance Minister Anton Siluanov said on the sidelines of the BRICS finance ministers’ meeting in Shanghai on Monday. "We’ve agreed to do it ...

Baku. The revival of the Russian-initiated South Stream gas pipeline project poses no risk to the Southern Gas Corridor project, which envisages delivery of Azerbaijani gas to Europe, Charles Ellinas, CEO of Cyprus-based energy consultancy e-CNHC told Trend. “All agreements on the ...

Krasnoyarsk Krai. Russian oil major Rosneft has discovered a new hydrocarbon deposit while drilling an exploration well in Khatanga Bay of the Laptev Sea in the east Arctic area, the company announced on Sunday. The resource potential of the newly-discovered hydrocarbon deposit has yet to be ...

Ashgabat. The measures are being taken to intensify the activity of the Turkmen National Oil and Gas Company and redistribute equity participation of its founders, Altyn Asyr TV channel reported June 17. Turkmen Deputy Prime Minister Maksat Babayev presented the report on the ...

New York. Oil prices fell early on Monday, weighed down by high supplies despite an OPEC-led initiative to cut production to tighten the market, Reuters reported. Signs of faltering demand stoked weak sentiment, prompting price levels comparable to when the output cuts were first ...

The US Senate vote for imposing sanctions on Iran was expected, as even during the Obama Administration, a majority of Senate and House of Representatives was against the nuclear deal in total, Cyril Widdershoven, a Middle East geopolitical specialist and energy analyst, a partner at Dutch ...

Moscow. The price of OPEC’s basket of 13 crudes stood at $44. 38 per barrel on June 15, as compared to $45. 16 a barrel on June 14, the cartel said in a message on its website. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol ...

Moscow. The Russian gas giant Gazprom raises gas production by 17. 5% on January 1 - June 15, 2017, Russia's major gas holding said in its report, adding that the company's gas production reached 215. 7 billion cubic meters, TASS reports. "The Gazprom group's gas ...

Tehran. The Persian Gulf Star refinery which was inaugurated on April 30, has delivered its first gasoline consignment of 21 million litters to a distribution company, reducing concerns over energy security in the country's gasoline sector. The head of National Iranian Oil Refining and ...

Moscow. This year the State Reserves Committee celebrated its 90th anniversary. That is why the Reserves Ministry, Rosnedra and the UN European Economic Committee supported the international conference “Issues on reserves estimation in Russia compared to the international standards”. ...

Berlin. New sanctions under discussion in the US Congress are not critical for Russian oil and gas companies, Russia’s Deputy Energy Minister Anatoly Yanovsky told TASS on Thursday. "I don’t think so, " the official said responding to a question about the impact of ...

Tehran. Iranian Economy Minister Ali Tayyebnia is reportedly scheduled to attend a ceremony in Seoul over the coming weeks to ink an agreement on luring the country’s largest investment since the world removed nuclear sanctions on Tehran last January. Under the expected agreement, ...

Baku. Azerbaijan’s proved oil reserves stood at 7 billion barrels at end 2016, or 0. 4 percent of the world proved oil reserves, according to the BP Statistical Review of World Energy. The estimates of the volume of proved oil reserves in the country remained unchanged from last ...

Mexico. A major fire broke out at Mexican state oil producer Pemex's Salina Cruz refinery on Wednesday after a crude spill, injuring nine people and extending the shutdown of the plant into a second day, the company said, Reuters reported. The blaze began in the pump house of Salina ...

On Friday Brent quotes on the spot market reached the bottom of the long-term rising trend, which began last year (pic. 1). The price minimum was $47. 42 for a barrel, and then it started growing cautiously. On Monday, while Russia was having a bank holiday, Brent was traded at $48-49 in ...