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Russia has potential to produce 160 mln T of LNG a year -Novatek CEO

Russia has the potential to produce 160 million tonnes of liquefied natural gas (LNG) a year, the chief executive of independent gas producer Novatek , Leonid Mikhelson, said on Wednesday.

read more... 16/03/2020

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Daily (11.03.2020): Oil, stuck between coronavirus and price war, sharply recovered on Tuesday as Russia is open to renew cooperation with OPEC

Crude oil futures rebounded on Tuesday after having hit the worst session since 1991the previous day as ongoing talks between OPEC and Moscow remain possible.

read more... 11/03/2020

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Russia's Power of Siberia gas pipeline to stop for maintenance in March

The Power of Siberia gas pipeline will stop for a routine maintenance checkup in the second half of March, Interfax news agency reported on Tuesday, citing Russian gas giant Gazprom.

read more... 11/03/2020

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Daily (10.03.2020): Black Monday for oil prices: oil hits its worst session since 1991

Oil prices crashed on Monday, to hit their worst session since the start of the Gulf War in 1991, dropping by more than 24% after the failure of talks between Russia and Saudi Arabia.

read more... 10/03/2020

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Daily (09.03.2020): Brent crude records the biggest daily loss since 2008 after OPEC deal collapses

Crude oil futures plunged on Friday after the disintegration of the OPEC+ alliance led to an all-out price war between Saudi Arabia and Russia that is likely to have political and economic consequences.

read more... 09/03/2020

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