All news: page 6

Moscow. Russian President Vladimir Putin says he believes that the country has sufficient gas reserves. "(Russia) has more gas (reserves) than the whole world, " he said at his annual news conference on Thursday, adding that the reserves of the Yamal peninsula alone total 67 trillion ...

Singapore. China, the world’s top oil importer, is set to start 2019 buying little or no crude from the United States despite a three-month truce in a trade scrap between the two nations, with relatively high freight costs and political uncertainty choking demand. That muted appetite ...

Moscow. Russian President Vladimir Putin expects that the national government can support the economic growth rate above 3% after 2021. "The government intends [to support GDP growth by 3% - TASS] from 2021 and higher later on. Therefore, I expect that we will be to do that. ...

Singapore. Oil prices climbed on Friday after tumbling 5 percent in the previous session on signs OPEC’s production cuts that start next month will be deeper than expected. Benchmark Brent crude LCOc1 futures were up 27 cents, or 0. 5 percent, at $54. 62 per barrel at 0448 GMT, after ...

Jakarta. Eni says it has successfully drilled and tested the Merakes East prospect in East Sepinggan block, Offshore Kalimantan, Indonesia. The prospect is located 33 km south east from the Eni-operated Jangkrik field and just 3 km east of the Merakes Field. The well has been drilled to a ...

Baku. UK oil company Harrington Petroleum Limited has opened a branch in Azerbaijan, Trend reports Dec. 19 citing Vergiler newspaper of the country’s Ministry of Taxes. The branch was registered Oct. 25, 2018 at the following legal address: Baku city, Nasimi district, Mir Jalal ...

Minsk. The Belarusian Finance Ministry does not believe that revenues of the state budget and the country's external commitments will be threatened by fluctuating prices for oil, BelTA learned from Belarusian Finance Minister Maksim Yermolovich on 19 December. Belarus' state budget for ...

Moscow. Russian Prime Minister Dmitry Medvedev instructed the Ministry of Industry and Trade, together with the United Shipbuilding Corporation, Zvezda Shipyard and Rosatom, to work out providing Novatek with four gas-engine-powered icebreakers to be commissioned in 2023. According to ...

Singapore. Oil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about oversupply and the outlook for the global economy. The front-month U. S. crude contract CLc1 had fallen 78 cents, or 1. 6 percent, to $47. ...

Italian Saipem in a joint venture with the Turkish Renaissance has signed a contract for the design and construction of the Arctic LNG 2 project for 2. 2 bln euro. Saipem share in the project reaches 50%, the company said on Wednesday. The project of the Russian company Novatek will be ...

Rome. PAO NOVATEK and SACE (CDP Group) signed a Memorandum on Strategic Cooperation (“Memorandum”) in relation to the Company's current and future LNG projects. The parties agreed to develop long-term cooperation on the Arctic LNG 2 project and potential new LNG projects involving ...

Astana. Kazakhstan's gasoline production for the past January-November rose by 28. 9% than in the same period of 2017, the statistics committee of the Kazakh National Economy reports. Production of kerosene rose by 23. 1% against the previous year during the period under consideration, ...

Baku. BP and Azerbaijan’s Energy Ministry have signed a memorandum of understanding (MoU) to jointly explore potential opportunities for the development of renewable energy in Azerbaijan, Trend reports referring to BP. This follows the recent announcement by the government of ...

Singapore. Oil prices rebounded on Wednesday after falling for the past three sesssions with worries about oversupply and a slowing global economy keeping markets under pressure though sentiment may be shifting as falling equity markets seemed to stabilize. West Texas Intermediate futures ...

Doha. After Qatar recently announced its intention to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), its state-run oil giant has pledged hefty investments in the US energy sector. Qatar Petroleum is seeking to invest some $20 billion in various projects in the US ...

BERLIN, December 17. /TASS/. Germany continues viewing the Nord Stream 2 gas pipeline as an economic project and Berlin has not changed its position in this regard, official spokesman of the Germany’s government Steffen Seibert said at a briefing on Monday. The pipeline laying ...

Baku. Uzbekistan attracted $2. 3-billion financing for the construction of a plant in the Kashkadarya region for the production of synthetic fuel using gas-to-liquids (GTL) technology, Trend reports on Dec. 17 referring to Uzbek media. The relevant financial documents were signed on Dec. ...

Moscow. Oil prices have bounced around in the week following the OPEC+ agreement, and the IEA says that the deal may have at least put a floor beneath prices. However, volatility is unlikely to go away. There are a litany of variables that will have enormous impact on oil as we head into ...