Latest news
Daily (08.05.2017): Oil prices increased 1.5% after strong downward weekly trend
Oil prices increased on Friday after strong downward trend, supported by the market news that Russia is going to join the OPEC for production cuts to reduce the world's persistent glut of crude.
read more... 08/05/2017
Russia: Gazprom announced the start of Turkish Stream
Russia's Gazprom declared on Sunday Switzerland's Allseas Group S.A. has started to build the first phase of the Turkish Stream pipeline.
read more... 08/05/2017
Russia: Oil production was cut more than required in OPEC agreement
Russia’s Energy Ministry announced on Wednesday that the country’s oil production was 300,790 barrels per day (bpd) on the 1st of May, which is below the level registered in October and far less than requested under the OPEC agreement.
read more... 05/05/2017
Daily (25.04.2017): German spot electricity price rose by 195%
Oil prices slipped on Monday in line with Friday decline due to potential 30-years highest rate of Russian oil production in the absence of confirmation that OPEC will extend output cuts until the end of 2017.
read more... 25/04/2017
Russia: Novatek will increase gas resources to preserve output, stabilize market share
Novatek, Russia's biggest non-state natural gas producer, is seeking to increase its resource base to keep gas production and maintain stable its domestic market share, as stated on Friday by Leonid Mikhelson, the manager of the company.
read more... 24/04/2017