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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 ...

Moscow. In January-June 2018, the network of Russian Railways loaded 641. 8 million tonnes of cargo, up 3. 4%, year-on-year, the Company’s press center says. In the reporting period the railways shipped the following goods: coal – 186. 2 million tonnes (+5%, year-on-year); ...

Baku. Start-up of Shah Deniz Phase Two is a milestone not just for Azerbaijan and the BP-led consortium, but for the Caspian as a whole region: a complex megaproject delivered on schedule and under budget, Ashley Sherman, principal analyst, Caspian & Europe Upstream oil and gas, at Wood ...

Ankara. Significant natural gas infrastructure investment in developing countries is estimated at between $35 and $55 billion per year, according to a recent Global Gas Report released on Monday. The report published by International Gas Union and The Boston Consulting Group says natural gas ...

Washington. The US is asking countries to put pressure on Iran by thwarting its oil industry. Such tactics can backfire as leading producers like Russia could form a group to control the oil market without Washington, analysts tell RT. “Russia and Saudi Arabia want to invite all OPEC ...

Moscow. According to an executive of the Russian-European joint venture, the anti-Russian sanctions imposed by the US may provide Nord Stream 2 with more financing options. The sanctions have made the project less dependent on Western investments. Paul Corcoran, the CEO of Nord Stream 2 ...

Iranian Minister of Petroleum Bijan Zangeneh has called on the Organization of the Petroleum Exporting Countries (OPEC) to take measures not to allow some OPEC+ deal members increase their oil output without a consensus with others, Shana News said on Sunday. According to Shana, Zangeneh ...

Baku. Turkmenistan needs cooperation from Azerbaijan and Turkey in order for its gas to reach Europe, Bruce Pannier, expert on Central Asia, told Trend. On June 22, Russia's legal information portal published full text of draft convention on the legal status of the Caspian Sea but ...

Singapore. Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose and as signs of an economic slowdown in Asia dented the outlook for demand. Brent crude oil futures LCOc1 were at $78. 16 per barrel at 0316 GMT, down $1. 07, or 1. 35 percent, from ...

St. Petersburg. Gazprom’s annual General Shareholders Meeting opened today in St. Petersburg. Shareholders from Russia and a number of foreign countries are taking part in the Meeting in person, via their representatives, and in absentia. As of June 4, 2018, the list of persons ...