Russian energy giant Gazprom is currently in talks with its Turkish partners to carry natural gas deliveries via the TurkStream pipeline to more European markets. “We are now in talks on the issue with our Turkish colleagues,” said Elena Burmistrova, chief executive of the Russian holding’s export arm, Gazprom Export, …
Read More »Iran, Azerbaijan Discuss Oil Market Developments
Iranian Oil Minister Bijan Namdar Zanganeh met Azerbaijan’s Energy Minister Parviz Shahbazov in Tehran on Tuesday night to discuss the recent developments in the region and the global oil market, Shana reported. Speaking in the meeting, Zanganeh underlined Azerbaijan’s positive role as one of the members of the alliance between …
Read More »Nord Stream 2 Priority Project for Russia, Its Implementation Going Ahead
The construction of the Nord Stream 2 gas pipeline is a priority project for Moscow, Kremlin Spokesman Dmitry Peskov told TASS, adding that Russia is going ahead with its implementation. “That is a priority project and we are going ahead with its implementation,” he said.
Read More »2020: A Year of Crisis, Crossroads, and Alternative Histories
There is an alternative history to 2020. It was the year the world’s largest polluter pledged to fully decarbonise its economy within 40 years. The year voters in the planet’s pre-eminent superpower rejected a racist, misogynist, climate denier in favour of a man who pledged to engineer a net zero …
Read More »Rumor: Apple will Start Production of Its Self-Driving Car by 2024
Apple is moving forward with its electric self-driving car technology after all, and will start production in 2024, according to a report from Reuters. Apple plans to produce a passenger vehicle that could include its own battery technology. Apple first started to design its own vehicle way back in 2014, …
Read More »China to Abolish Access Restrictions on Foreign Investment in Energy Sector
China will fully lift access restrictions on foreign investment in coal, oil, gas, power generation, excluding nuclear, as well as the new energy businesses, according to a sector white paper released on Monday, reported Reuters. Separately, a top energy official told reporters that recent power shortages in some Chinese regions …
Read More »Iran Oil Minister Leaves Russia after Intensive Talks on Oil Market
Iranian Minister of Peroleum Bijan Namdar Zangeneh left Russian capital late on Monday after holding intensive talks on the situation of global oil market. In Moscow, Zangeneh held talks with Russian Minister of Energy Nikolai Shulginov, Deputy Prime Minister Alexander Novak and other oil officials in the host country. At …
Read More »Oil Declines Amid Spread of New COVID-19 Strain
Oil prices continued their downward momentum on Tuesday, following the sharp losses in the previous session as several countries closed their borders to British travellers and freight after the spread of a new strain of the novel coronavirus in the United Kingdom. Brent crude was trading down 0.4 percent at …
Read More »Russia Favors Further OPEC+ Output Hike in February
Russia intends to support a further increase in OPEC+ production at the group’s meeting next month, even as a new strain of the coronavirus raises concerns about demand, said officials familiar with the country’s oil policy. As of now, Moscow believes it makes sense to raise OPEC+ output by 500,000 …
Read More »Russia to U.S. President-Elect: Don’t Upset the Oil Market
Russia hopes the incoming administration of U.S. President-elect Joe Biden will not derail producer nations’ action to boost oil markets, Russia’s Deputy Prime Minister Alexander Novak said on Monday. Russia, other leading oil producers and the Organization of the Petroleum Exporting Countries, a group known as OPEC+, have joined forces …
Read More »