The development of Gazprom Neft’s offshore assets remains a strategic priority for the company.
Read More »Why Russia Is Playing All Sides in The Middle East
Russia’s rise came as U.S. policy makers grew preoccupied with Asia. and the American public tired of Middle East wars – something both Obama and Trump acknowledged.
Read More »Putin: Extending OPEC Deal Until End of 2018 is `Possible`
OPEC ministers attending the Moscow event said they were considering extending the deal or making a deeper cut.
Read More »Europe’s Largest Refinery to Shutter for Two Months
In Greece. Hellenic Petroleum declared force majeure on its 100.000-bpd Elefsina refinery in July. suspending diesel exports.
Read More »IEA Head Sees Oil Prices Subdued On Non-OPEC Supply Growth
The production growth from non-OPEC countries is still there so I do not expect a price rise in the near future.
Read More »Venezuela to Invite More Countries to Join Output Cuts
Iran’s Oil Minister Bijan Zanganeh told Reuters at the event that there is ``no objection`` to the proposal for deeper cuts.
Read More »Who Is Winning the Market Share War In China?
The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.
Read More »Venezuela Has Plan B to Sell Its Oil If U.S. Imposes Sanctions
PDVSA owes some US$3.5 billion to the U.S. in the next five or six weeks. according to Platts.
Read More »IEA Says China Remains Leader of Renewables
IEA'.s new report on renewable energy showed new solar PV (photovoltaic) system capacity grew by 50 percent last year. with China accounting for almost half of the global expansion.
Read More »Saudi king`s Visit to Russia Heralds Shift in Global Power Structures
Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.
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