All news: page 5

Tokyo. Oil prices resumed their slide on Wednesday, dragged down by a surpise gain in U. S. inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies. Brent futures were down 27 cents, or 0. 4%, at $61. 70 a ...

Riyadh. Saudi Arabia ramped up oil production last month by the most this year, largely filling the gap created by tougher U. S. sanctions on its political rival, Iran. Iranian output plunged in May to the lowest since 1990 as the Trump administration threatened penalties for anyone ...

Moscow. Igor Sechin, chief executive director of Russian oil company Rosneft, participated in the official foundation stone ceremony for a new fuel supply complex at the Pulkovo International Airport (Saint Petersburg). This project is going to be implemented by the subsidiaries of Rosneft and ...

Status of TANAP project As you may recall, we held our inauguration ceremony last year for Phase 0. We started delivering gas to Turkey commercially in June 2018. Till now, we have delivered approximately 2. 5 billion cubic meters of gas to Turkey, to Turkish customers. Phase 1, the ...

Nizhnekamsk. OOO Nizhnekamsk CHP (part of the TATNEFT Group since 2010) has been included in the federal program for the modernization of power generation facilities using the DPM-bar arrangement within a project to install a gas turbine. The project envisages the construction of a 155 ...

The shipment of clean oil to Hungary and Slovakia via the Druzhba main oil pipeline is working as usual, and deliveries of clean oil to Poland may start as early as June 8-9, Transneft spokesman Igor Demin told reporters on Monday. "Oil at the delivery point (PSP) Budkovice (Slovakia) ...

Singapore. Oil prices fell on Tuesday amid a global economic slowdown that is starting to hit oil demand, triggering calls in producer club OPEC for supply cuts to be extended. Front-month Brent crude futures, the international benchmark for oil prices, were at $60. 88 at 0038 GMT. That ...

Moscow. The RF Government Commission on Power Industry Development resolved to include the projects of modernization of power generation facilities of LUKOIL's wholly owned subsidiary, LUKOIL-Kubanenergo, in the list of additional facilities slated for the upgrade. Thus, the commission ...

Moscow. Russia’s average daily oil output in May fell below its OPEC+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination. The country produced just more than 47 million tons of crude ...

Washington. US Senators have suggested that the United States should be able to impose at least five types of sanctions on individuals or entities that insure or underwrite pipelaying ships engaged in the construction of Russian pipelines for energy exports below sea level, the senators' bill ...

Baku. Oil prices this year are expected to reach $65, Director of Fitch Ratings Sovereign Group in Europe Marina Stefani told Trend. She said that next year oil prices will be at $62. 5. The expert also noted that gas production in Azerbaijan will grow due to the production from the second ...

Singapore. Oil prices fell more than 1% on Monday, extending losses of over 3% from Friday, when crude markets racked up their biggest monthly losses in six months amid stalling demand and as trade wars fanned fears of a global economic slowdown. Front-month Brent crude futures were at $61. ...

Beijing. Beijing has hit back at a US call for Hong Kong to refuse services to a tanker loaded with Iranian oil, blasting Washington's “long arm jurisdiction” when it came to energy dealings between governments. “China has all along opposed unilateral sanctions and ...

Ashgabat. New contract on Gazprom's purchase of Turkmenistan's gas may enter into force in the 3rd quarter of 2019, first deputy head of the Russian government office Sergey Prikhodko said ahead of the session of the Council of the Heads of States of the Commonwealth of Independent States ...

Tel Aviv. Delek Group Ltd. , the energy company controlled by Israeli billionaire Yitzhak Tshuva, agreed to buy North Sea oil and gas fields from Chevron Corp. for about $2 billion, the latest deal in a region where smaller players are becoming increasingly prominent. The purchase is part ...

Baku. BP has been in the Caspian region for 27 years. Over that time we have worked closely with stake holders and our partners to successfully deliver what we believe are truly world class projects, Gary Jones, BP’s Regional President for Azerbaijan, Georgia and Turkey said. He ...

Sydney. Oil prices fell on Friday and were on track for their biggest monthly fall since November as trade conflicts spread and U. S. crude output returned to record levels. Front-month Brent crude futures, the international benchmark for oil prices, were at $66. 28 at 0311 GMT, down by ...

Yakutsk. Yakutia’s Governor Aisen Nikolayev said in an interview with the Vedomosti daily he hopes the Zhatai Shipyard, which will go operational in 2021, will satisfy the demand in vessels not only for the Lena River’s basin, but also for the region’s Arctic rivers. ...