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Serbia begins building TurkStream pipeline section

Serbia has started construction of its section of the TurkStream pipeline to carry Russian natural gas to Europe, the country's Foreign Minister Ivica Dacic said Wednesday.

read more... 18/04/2019

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Daily (16.04.2019): NBP spot plunged by 6.9% on Monday, on milder weather forecasts and new LNG arrivals

Oil prices reversed trend registering losses on Monday, after having hit recently a five-month high, on signals that Russia could boost production to strengthen its position on the market. Brent crude edged 0.5% lower at $71.18 a barrel, while WTI Crude dropped by 0.8% to $63.40 a barrel.

read more... 16/04/2019

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Novovoronezh II-2 cleared for launch

Unit 2 of the Novovoronezh II nuclear power plant in southwest Russia started the process of physical launch yesterday after having received regulatory approval to do so, Rosenergoatom, the operator subsidiary of state nuclear corporation Rosatom, has announced. The VVER-1200 reactor was brought to the minimum controlled power level on 22 March.

read more... 15/04/2019

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Lukoil starts production in onshore gas fields

Russian corporation Lukoil revealed Thursday the company has begun production at two natural gas onshore fields in Siberia, Kallanish Energy learns.

read more... 15/04/2019

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Daily (10.04.2019): NBP spot soared by over 10% on Tuesday amid system undersupply

Crude oil prices pared earlier gains on Tuesday, following an unexpected increase in U.S. crude inventories and Russia’s comments on a potential rise in its oil production after OPEC’s meeting in June. However, OPEC-led supply cuts as well as U.S. sanctions against Iran and Venezuela capped losses. Brent crude price edged down by 0.7% to $70.61 a barrel. The same decline was noticed in WTI futures, which ended at $63.98 a barrel.

read more... 10/04/2019

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