Latest news
Russia Ready To Seize Control Of The World's Largest Oil Reserves
The Venezuelan government is readying to hand over control over state oil company PDVSA to Russia’s Rosneft, a local newspaper has reported, citing sources from the industry.
read more... 18/10/2019
Iran: Gas field discovered with $40 billion worth of reserves
A new gas field with 13,000 billion cubic feet of recoverable reserve and 385 million barrels of condensate, valued at $40 billion, has been discovered in Fars province, southern Iran.
read more... 15/10/2019
Daily (18.09.2019): NBP spot retreated by 4.9% on Friday, amid softer oil prices and lower supply risks
The announcement by Saudi energy minister on Tuesday about the full restoration of Saudi Arabia’s oil production capabilities, after the largest supply disruption in 50 years, stopped the surge and led to a fallback in crude oil prices. Potential releases from strategic oil reserves in the U.S. and other countries added pressure on prices. Consequently, Brent crude dropped back by 6.5% to $64.55 a barrel, while WTI futures retreated by 5.7% to $59.34 a barrel.
read more... 18/09/2019
RO market regulator wants higher natural gas reserves, warns of uncertain imports
Romania’s energy market regulator ANRE drafted new regulations requiring natural gas producers and suppliers to build up higher reserves ahead of the cold season, quoting risks of “reduced” transfer of natural gas through Ukraine and limited capacities of the interconnectors with other states (Hungary and Bulgaria), according to a release published on August 27.
read more... 29/08/2019
Ukraine winter season gas reserves rise -Ukrtransgaz
Ukraine, which wants to stockpile at least 20 billion cubic metres (bcm) of gas for the 2019/20 heating season, had reserves of almost 14 bcm as of July 6, state gas transport company Ukrtransgaz said on Monday.
read more... 08/07/2019