Tillerson supports the president’s trade objectives but may not support the tactical moves.

Pipeline monopoly Transneft had assured Rosneft it would be compensated for all losses from the oil contamination.

OPEC. together with its allies. has been withholding production since the start of the year to prop up the market.

Russia’s average daily oil output has dropped to a three year-low in June.

GlobalData identifies Turkey as the second largest country in terms of new-build underground gas storage capacity growth by 2023.

Ankara has no intention of usurping the rights of anyone. nor allowing its own rights to be usurped.

The increasing demand on the power grid makes the dependency on large central generation units infeasible due to the cost and the losses in the transmission lines. Given the challenges facing the grid of today. distributed generation (DG) has been widely seen as an opportunity to facilitate the planning. management …

The Kingdom is closely monitoring recent developments in the oil market.

Other energy prices. like coal and gas. are also being hit hard by the downturn.

The group'.s total output declined by 1.3% last year.