“It is clear that the upcoming investments will not happen, I do not know which of the major international companies will risk it,” he predicted in an interview with Agence France-Presse. Washington,…
Tag: russia
Lower gas on horizon as Gazprom agrees to market approach
Millions of consumers and industries could stand to win after the world’s biggest natural gas exporter agreed to match prices in central and eastern Europe with markets in the west. As part…
Oil Drop Below $80 Vindicates Cautious Investors Trimming Bets
Hedge funds cut Brent wagers by most since June 2017 Saudi Arabia signals OPEC and allies may boost production Money managers’ reluctance to get behind the oil rally is finally paying off….
Saudi Arabia and Russia Discuss Scaling Back Global Oil Cuts
Easing output curbs “on the table”; no decision yet: Al-Falih OPEC, allies to discuss loosening supply caps in June: Novak Saudi Arabia and Russia, the oil producers who led the effort to…
Under Pressure From Trump, Saudis Put Brakes on Oil’s Rally
Riyadh supports a gradual increase in oil output over summer Middle East oil producers worried about U.S. anti-trust laws The world’s largest oil exporter just made quite a policy swerve. Within six…
Looks like OPEC is at it again.
Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and…
Sanctions aren’t stopping Russia’s LNG ambitions
Despite the imposition of US and EU sanctions in the energy sector, new projects continue to flourish in Russia. Already the world’s largest exporter of traditional natural gas, the country is gaining…
EU settles seven-year Gazprom dispute without imposing fine
The EU has settled a seven-year dispute with Gazprom after the Russian state-controlled energy giant agreed to change its operations in central and eastern Europe. The deal, announced on Thursday by the…
Russian Oil Giants Get Record Prices, But Not Profits to Match
The price of crude in rubles has surged to an all-time high, but Russian oil producers will miss out on record first-quarter profit because of a rising tax burden. Investors in Lukoil…
GECF Doha meet seeks to further strengthen gas marke
The 18th ministerial meeting of the Gas Exporting Countries Forum (GECF) in Doha tomorrow will further explore ways to strengthen the global gas market, which faces numerous challenges including lower prices. The…