ICE London Brent oil up above $ 43/barrel
The cost of futures for Brent crude oil for delivery in August 2020 on the ICE exchange in London increased by 2.2% to the closing level of the previous session and reached $ 43.1 per barrel, …
OPEC+ monitoring committee may discuss August output quota, though key is compliance
The OPEC+ ministerial monitoring committee, which will gather on June 18, may discuss the issue of extension of the May quota for another month, though the main agenda only includes the issue of …
Gazprom Neft head calls OPEC + month extension logical
The extension of the OPEC + transaction is logical, since the balance of supply and demand in the oil market has not yet been reached, said the head of Gazprom Neft Alexander Dyukov in an interview …
Brent crude jumps over $43 per barrel for first time since March
The price for Brent crude futures for August 2020 supply at London’s ICE exchange has risen by 1.7% to reach $43.02 be the end of the session, the trading data at 01:58 Moscow time shows.
Nord Stream 2 analyzes possible consequences of expanding US sanctions
The operator of the Nord Stream 2 gas pipeline is analyzing the possible consequences for the project if the bill that expands sanctions on the pipeline comes into force. Neglecting interests of …
OPEC and non-OPEC meetings will be held on one day
Both ministerial meetings of OPEC countries and non-OPEC states will be held on Saturday, June 6, on one day, not on two as usually, a source participating in the talks told TASS.
"We have started …
Gascade starts reverse supplies over Yamal-Europe gas line again
Gas supplies over the Yamal-Europe gas pipeline are implemented again in the reverse direction from Germany to Poland since 07.00 am European time, according to data of the German gas transmission …
Global oil consumption to fall by $1 trillion in 2020 due to pandemic
Consumers’ oil expenses will drop by $1 trillion in 2020 to $2.5 trillion as a result of the pandemic-related quarantine measures globally, the International Energy Agency (IEA) wrote in its report …
Oil demand recovered by 20% in May against April
Oil demand remains at a low level but the demand in May increased by 20% against April, Russian Energy Minister Alexander Novak said on Monday, cited by the Ministry.
"Despite the grave situation, …
Putin, Iraqi PM discuss Syria, oil market stabilization
Russian President Vladimir Putin had a phone conversation with Iraqi Prime Minister Mustafa al-Kadhimi to discuss interaction to stabilize global hydrocarbon market, the Kremlin press service reported …