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Daily (20.05.2019): NBP spot price slumped by 7.5% on Friday amid system oversupply

Oil prices lost momentum on Friday, weighed by persistent concerns over a weakening demand because of the stalemate in the U.S.-China trade negotiations. However, the decline in the Iranian and Russian exports along with reduced shipments from the North Sea capped losses. As a result, Brent crude retreated by 0.6% to 72.21 USD/bbl. In the meantime, WTI Crude price slipped by 0.2% to 62.76 USD/bbl.

read more... 20/05/2019

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Gazprom makes huge Siberian gas discovery

Russia's state-owned Gazprom Friday announced a 17-trillion-cubic-foot gas discovery in Siberia, Kallanish Energy reports.

read more... 20/05/2019

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Gazprom confirms first gas via TurkStream by December

Russia's Gazprom expects to send its first gas through the TurkStream natural gas pipeline to Turkey by the end of December, Gazprom's deputy chairman Vitaly Markelov said late Tuesday.

read more... 16/05/2019

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Russia Oil Production Dips

Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Oil Price reported on Tuesday, citing two industry sources, which means that Moscow is finally within its cap under the OPEC+ deal.

read more... 15/05/2019

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Russia’s Novatek could almost triple Vysotsk LNG capacity

Russia’s Novatek, the operator and developer of two giant Arctic LNG export projects, may significantly increase output at its medium-scale liquefied natural gas export plant in Russia’s Baltic Sea port of Vysotsk.

read more... 14/05/2019

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