Latest news

Russian project will lack EU financing in consequence of US sanctions

The Austrian OMV CEO stated that US sanctions will have a serious impact on big Russian projects. OMV is one of the investors in the Nord Stream-2 trans-Baltic gas pipeline project.

read more... 14/09/2017


Aramco is likely to use Egyptian Pipeline to convey oil to Europe

Selling more oil to Europe is the strategical and economical purpose of the Saudi Aramco. 

read more... 12/09/2017


Daily (05.09.2017): Brent price down by 0.8% on Monday, while WTI crude up amid reviving U.S. refineries

Brent price fell on Monday, after North Korea detonated a hydrogen bomb sparking a powerful 6.3 magnitude earthquake, 'escalating' nuclear crisis. This triggered a shift away from crude markets to assets perceived to be safer, such as gold. Brent crude edged $0.41, or 0.78% lower at $52.34. Meanwhile, the WTI had an opposite trend, growing by 0.23% to settle at $47.40 a barrel, as U.S. refineries that use crude to make fuel were gradually starting up again, along with the pipelines transporting products. This is a potentially bullish development for the WTI crude oil.

read more... 05/09/2017


Russia is ready to provide gas to Greece and Bulgaria

The Russian energy minister Alexander Novak said that Russia is ready to provide gas from the TurkStream pipeline to both Greece and Bulgaria if needed.

read more... 21/08/2017


OMV does not expect a cash call from Nord Stream 2 until the end of the year

OMV is confident that Gazprom-owned Nord Stream 2 won’t be making any more cash calls until the end of the current year. OMV has already settled the first €200 million portion of its funding obligation for the construction of the 55 bcm/year pipeline from Russia to Germany.

read more... 15/08/2017