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Ashgabat. Turkmenistan is expected to produce 0. 25 million barrels of petroleum and other liquids per day as of 2020, the US Energy Information Administration (EIA) said in its February Short-term Energy Outlook (STEO), Trend reports. EIA has also increased the forecasted volume of oil ...

Moscow. This past week has become the worst for the global oil market since 2008, Russian President Vladimir Putin said on Sunday. "This past week has become the worst for global markets, since the crisis of 2008, " Putin told a meeting at Vnukovo airport’s government ...

Kazan. On 28 February 2020 the Board of Directors meeting chaired by the President of Tatarstan R. N. Minnikhanov was held in Kazan. The results of execution of the budget for January were considered and the budget for March 2020 was approved. The management reported to the Board of ...

Singapore. Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak. Brent crude LCOc1 was at $50. 32 a barrel, up 65 cents, ...

Baku. Global oil demand is expected to dip to lowest level since 2011 with the coronavirus outbreak, Trend reports with reference to the International Energy Agency (IEA). The consequences of coronavirus (Covid-19) for global oil demand will be significant. Demand is now expected to ...

Moscow. LNG-powered freight trucks of Russian make to transport helium from Amur GPP/ Batch production of trucks to be carried out by KAMAZ. Gazprom to set up LNG production and refueling infrastructure. First 18 trucks to go on road in 2021. A working meeting between ...

Minsk. The Belarusian holding Belneftekhim confirms that Russia’s Safmar can supply 300, 000 tonnes of oil and UDS Neft can deliver 50, 000 tonnes to Belarus in March, press secretary of the holding Alexander Tischenko told reporters on Thursday. "I confirm that Safmar Group ...

Singapore. Oil prices fell for a sixth straight session on Friday and were on track for about a 12% weekly fall, the biggest in more than four years, as the spread of the coronavirus outside China raised fears of slowing global demand. The virus, which has killed more than 2, 700 people in ...

Moscow. LUKOIL and the Yamal-Nenets Autonomous District concluded a supplementary agreement on cooperation for 2020, defining priority actions to facilitate social and economic development of the region. According to the document, LUKOIL will support Yamineh charity foundation, ...

Minsk. Belarus might receive more than $61 million in compensation from Russia for tainted oil, spokesman for the Belarusian state petrochemical concern Belneftekhim Aleksandr Tishchenko told BelTA. “In line with the protocol, Mozyr Oil Refinery processed 563, 000 tonnes of polluted ...

Moscow. BP announced that, following an in-depth review examining the alignment of the climate-related policies and activities of trade associations with BP’s positions, it will leave three US-based organisations – American Fuel and Petrochemical Manufacturers (AFPM), the Western ...

Moscow. The Gazprom Management Committee took note of the information about the Company's international marketing strategy. It was highlighted that Gazprom is the largest gas supplier to Europe. In December, the Company started delivering pipeline gas to China. In addition, LNG from ...

Tokyo. Oil prices fell for a fifth day on Thursday to their lowest since January 2019 as a growing number of new coronavirus cases outside of China deepened fears that the global economy will slow and lower crude demand. Brent crude LCOc1 was down 77 cents, or 1. 4% at $52. 66 a barrel at ...

Khanty-Mansi. Gazprom Neft has entered into a further social and economic cooperation agreement with the Government of the Khanti-Mansi Autonomous Okrug—Yugra. The signatories to this agreement were Alexander Dyukov, CEO and Chairman of the Management Board, Gazprom Neft, and Natalya ...

Moscow. BP hosted 2nd Contractor Safety Forum on February 19, 2020. Two of Nobel Oil Services subsidiaries: Global Energy Solutions (GLENSOL) and SDL Nobel were invited to attend the event as BP contractors. The purpose of the Forum is the exchange of views, best practices and panel discussion ...

Moscow. The demand for hydrocarbons, including oil, will remain in the coming decades despite the slowdown of consumption rates, Russian Energy Minister Alexander Novak told Channel One on Tuesday. "Certainly, we see from the standpoint of forecasting that growth of global oil ...

Tokyo. Crude prices edged up on Wednesday as investors covered short positions after three sessions of losses, even as fears deepened that the rapid spread of the coronavirus will lead to a global pandemic. Brent crude rose 42 cents, or 0. 8%, to $55. 37 a barrel by 0154 GMT, while U. S. ...

The sale of a stake in Mexico’s giant Zama oil field promised to help Premier Oil Plc pay down debts and strengthen its balance sheet, but an ownership conflict is complicating that process. Some international oil companies operating in Mexico are waiting for Talos Energy Inc. , the ...