All news: page 7

Baku. Slovenia welcomes increasing cooperation with Azerbaijan in energy supply, Slovenian Foreign Ministry told Trend. "Slovenia supports efforts to strengthen EU energy resources diversification. Keeping in mind our partnership in the framework of the Eastern Partnership energy ...

Seoul. Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the start of the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut in the equivalent of 5% of global supply. Benchmark Brent crude futures rose by as ...

Moscow. Rosneft Oil Company has expanded the range of petrochemical products sold at the exchange trades of the Saint Petersburg International Mercantile Exchange (SPIMEX). On September 4, 2019, the Company started selling SKEPT 50 and SKEPT 40 ethylene-propylene-diene rubber manufactured by ...

Moscow. The decision of the European Court of Justice on the OPAL gas pipeline will affect the negotiations between Russia, Ukraine and the European Commission, which will be held in Brussels on September 19, Russia’s Energy Minister Alexander Novak said in an interview with Rossiya-24 TV ...

Baku. The delivery of Caspian volumes though the Southern Gas Corridor and TAP makes gas sourcing in Europe very promising, Greek Ambassador to Azerbaijan Nicolaos D. Kanellos told Trend. The ambassador added that access to LNG in the Aegean as well as the potential of the development of ...

Moscow. The Arctic LNG 2 project being implemented by Russia’s gas producer Novatek, may be financed through the National Wealth Fund, First Deputy Prime Minister, Finance Minister Anton Siluanov said. "Regarding Arctic LNG 2, the issue is under consideration, though I should ...

Tokyo. Oil futures fell on Friday as optimism over an end to the U. S. -China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0. 3%, at $60. 21 a barrel by 0053 GMT, while U. S. West Texas Intermediate (WTI) was off by ...

Deeper oil-production cuts aren’t on the agenda as OPEC+ ministers gather in Abu Dhabi, but there’s growing concern about the strength of fuel demand as the global economy slows. Crude has lurked in the low $60s for most of the summer as escalating tensions between the U. S. and ...

Moscow. Venezuelan state-owned oil company Petróleos de Venezuela, or PDVSA, has registered its office in Moscow. The move comes after Russian state oil major Rosneft last month became the main trader of Venezuelan crude. “We’ve registered PDVSA in the Russian ...

Abu Dhabi. Trilateral consultations between Russia, Ukraine and the European Union (EU) on the gas issue will be held on September 19, Russia’s Energy Minister Alexander Novak told. "We have discussed that date with Mr. Sefcovic (European Commission’s Vice-President for ...

Baku. Azerbaijani Energy Minister Parviz Shahbazov and his Russian counterpart Alexander Novak discussed in Abu Dhabi prospects of cooperation between the two countries in the energy sector, Trend reports referring to the Energy Ministry of Azerbaijan. The ministers discussed current and ...

Tokyo. Oil prices jumped on Thursday, bouncing back from heavy losses in the previous session, buoyed by moves to ease trade tensions between Washington and Beijing and a drop in U. S. crude inventories to the lowest in nearly a year. Brent crude futures rose 41 cents, or 0. 7%, to $61. ...

Moscow. Sibur and India’s Reliance Industries Ltd. have received a test batch of butyl rubber at the joint integrated petrochemical plant Reliance Sibur Elastomers Private Ltd. in the Indian city of Jamnagar, Chief Executive Officer of Russia’s petrochemical giant Sibur Mikhail ...

Baku. ENGIE, Shell, Azerbaijan Gas Supply Company (AGSC) and SOCAR have agreed on a partial transfer of ENGIE’s Shah Deniz gas supply contract to Shell Energy Europe Limited. ENGIE and Shell Energy Europe both previously secured gas supply from Azerbaijan’s Shah Deniz gas ...

Riyadh. Saudi King Salman previously sacked Minister of Energy Khalid al-Falih, appointing his son Prince Abdulaziz bin Salman to the position. This is the first time a member of the Saudi Royal Family has occupied this crucial office. "There's no change when it comes to production ...

Moscow. Iraq expects Russian companies to expand their participation in the development of oil fields in the republic, Deputy Foreign Minister Muayad Salih said at a meeting with chairman of the Russian Federation Council (upper house) Foreign Affairs Committee Konstantin Kosachev. Iraq ...

Tokyo. Oil prices rose on Wednesday after an industry report showed that crude stockpiles in the U. S. fell last week by more than twice the amount that analysts had forecast. Brent crude futures rose 43 cents, or 0. 7%, to $62. 81 a barrel by 0053 GMT, while WTI futures were up 47 cents, ...

Riyadh. Last week, former Saudi Energy Minister Khalid al-Falih was replaced by Prince Abdulaziz bin Salman ahead of a long-awaited launch of an initial public offering (IPO) of the country's Aramco oil company. Saudi's newly appointed energy minister Prince Abdulaziz bin Salman said ...