Arab Energy Conference postponed until 2023
The Arab Energy Conference, which was supposed to take place in 2022, has been postponed to 2023, Minister of Energy of Algeria, President of the OPEC conference Abdelmadjid Attar said at the 105th …
Akademik Chersky pipe layer moves away from Nord Stream 2 construction site
The Akademik Chersky pipe-laying vessel has moved away from a supposed site of continuing the Nord Stream 2 pipeline construction and is sailing in the northeast direction, MarineTraffic portal …
Russia-China trade turnover down 3% in January-November
Trade turnover between Russia and China in January-November decreased by 3% year-on-year, amounting to $97.38 bln, the General Customs Administration announced on Monday.
According the published …
OPEC+ talks on oil output cuts postponed to December 3
OPEC+ ministerial meeting scheduled for December 1 has been postponed to December 3, according to a letter for the member-states’ delegates obtained by TASS.
Two sources at the oil cartel …
OPEC+ monitoring committee to hold consultations on November 28 prior to main meeting
Russian Deputy Prime Minister Alexander Novak and Saudi Energy Minister Prince Abdulaziz bin Salman will hold informal consultations with members of the OPEC+ monitoring committee on November 28, two …
Russia’s labor market situation to improve by end of 2020
The situation on the Russian labor market can start improving by the end of 2020 if the real economy revives, the Russian Accounts Chamber report on federal budget shows.
"As of late September, we …
OPEC+ countries to discuss oil market prospects amid weakening demand
Ministers of the monitoring committee of the OPEC+ countries will gather on Monday for another video meeting to discuss oil production cuts. This will be the fifth negotiations since the start of the …
Gazprom to challenge huge fine from Polish antimonopoly agency
On October 7, the Polish authorities came with a high-profile decision: the Office for Competition and Consumer Protection (UOKiK) fined Gazprom for over 29 billion zlotys (some $7.6 billion). The …
Russia hopeful Germany will stick with Nord Stream 2
Moscow is hoping that the German government will remain committed to implementation of Nord Stream 2, a major gas pipeline project, Russian Ambassador to Germany Sergei Nechayev said in an interview …
Situation on oil market will improve by year end
The decline in oil prices, which occurs amid weakened demand and fears of a second wave of the coronavirus, will affect Russia’s oil and gas revenues.
According to the Finance Ministry, from …