Moscow. Rusneftekhim (Rusneftekhim Oil Company JSC) increases its license fund in the YANAA. Rusneftekhim has acquired five license blocks located in the Shuryshkarsky district of the Yamalo-Nenets Autonomous Area. The licensed blocks - Ilyagortsky, Mategansky, Ust-Kunovatsky, Khalasiegansky and Yuzhno-Tiltimsky form a large cluster with a total area of 8430 km2. The initial resources ...

Singapore. Oil prices climbed higher on Monday, lifted by China’s plans to ship in large volumes of U. S. crude in August and September, outweighing concerns over a slowdown in demand recovery after the coronavirus pandemic and an uptick in supplies. Brent crude rose 21 cents, or 0. 5%, to $45. 01 a barrel by 0023 GMT while U. S. West Texas Intermediate crude was up 27 cents, ...