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New record for Russia in terms of oil output
Russia has set a new post-Soviet record in terms of oil production reaching something like 10.7 million barrels per day in October, or more than 530 million tons. Meanwhile, Saudi Arabia’s oil production arrived at 10.1 million barrels per day in the same period.
read more... 03/11/2015
Daily: British gas prices tumble on milder weather outlook, weaker consumption
Crude oil prices declined on Monday after pessimistic Chinese factory data intensified worries about energy demand in the No.2 economy, while record high Russian crude output helped to ease the global supply glut. Brent crude declined by 77 cents, or 1.6 percent, to settle at $48.79 a barrel. U.S. crude futures slipped 45 cents, or 1 percent, to close at $46.14.
read more... 03/11/2015
Eni, Exxon, Rosneft, Sasol obtain exploration rights in Mozambique
Russia's Rosneft and associate ExxonMobil are among the four firms to obtain potentially lucrative exploration rights for fossil fuels off Mozambique's Indian Ocean coast on Thursday, as stated by the company.
read more... 30/10/2015
Russia’s Gazprom inks gas agreement with Serbia
Russian firm Gazprom has inked a gas agreement with Serbia. The Memorandum of Understanding (Mou) was signed between Chairman of Gazprom Alexey Miller and Aleksandar Vucic, Prime Minister of the Republic of Serbia.
read more... 30/10/2015
Gazprom gas exports to Europe at the highest rate in October
The Russian energy giant Gazprom increased its gas exports to European countries by around 41% over the first 26 days of October compared with the same period last year, Alexei Miller, the head of Russia's top natural gas producer Gazprom said on Tuesday.
read more... 28/10/2015