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Saudi Arabia, Russia discussing possible oil-production cuts

Saudi Arabia's energy minister said Sunday that the kingdom will reduce exports by about 500,000 barrels a day from November to December. Khalid al-Falih made the comment at a meeting of oil producers in Abu Dhabi.

read more... 12/11/2018


Gazprom to boost gas supplies to Austria by 1 bln cubic meters per year

The document was signed at a working meeting between Gazprom CEO Alexei Miller and OMV CEO Rainer Seele in St. Petersburg

read more... 05/11/2018


Russian piped gas is critical for Europe's supply needs

The European Union's decision on the route and volume of natural gas flow through Russia's new pipeline infrastructure, namely the Nord Stream 2 and TurkStream pipelines, remains critical to meeting Europe's requirement for liquefied natural gas (LNG), according to an expert at Wood Mackenzie late on Tuesday.

read more... 20/09/2018


Daily (19.09.2018): Oil prices gained almost 1.5% on Tuesday, due to concerns over global supply

Oil crude prices surged on Tuesday, prior to OPEC’s meeting on the possibility to raise production, as Iranian output might decline once U.S. sanctions will take effect from November. However, gains were capped by continuous trade disputes between U.S. and China. Brent crude added 1.3% to close at $79.03 a barrel. WTI crude increased by 1.4% to $69.85 a barrel.

read more... 19/09/2018


Gazprom and KOGAS discuss prospects for wider cooperation

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Seung-Il Cheong, President and Chief Executive Officer of KOGAS, took place today at the 4th Eastern Economic Forum in Vladivostok.

read more... 18/09/2018