The European Union sent a letter to the US Treasury on June 4 asking for exemptions from sanctions.
Read More »Saudis Start to Rise Oil Output. Ahead of OPEC Meeting
Saudi Arabia and some other Persian Gulf producers recently favored the idea of increasing overall output by 300.000 to 400.000 barrels a day.
Read More »Nord Stream 2 Threatens European Cohesion
Nord Stream 2 is a pipeline for both Russian gas and Russian influence.
Read More »European Companies Prepare for TurkStream Gas
The extension of the second line to Italy via Greece or to Serbia via Bulgaria is among routes currently in assessment.
Read More »OPEC Charges Extra price. India Loses Billions of Dollars
India has been urging the OPEC to end Asian Premium with Prime Minister Narendra Modi.
Read More »Kuwait will Ship its First Light Crude Grade by End-June
Kuwait is planning a new heavy crude grade later this year. with a gravity of 16 API and 4.9% sulfur content.
Read More »Shell Considers Investing in Renewable Energy Projects in Kazakhstan
Kazakhstan has a vast potential for development of renewable energy sources.
Read More »Iran Condemn US Output Rise Request
Iran criticized the Trump administration’s unofficial request to ramp up oil production to offset the shortfall of Iranian crude exports.
Read More »PDVSA Transfers Oil at Sea Despite Customer Doubt
The delivery method entails specialized equipment and training and higher costs for ship owners and customers.
Read More »Naftogaz Proposes Gazprom to Dialogue on Terms of Future Transit
Earlier Deputy Chairman of Gazprom Alexander Medvedev said he did not understand with whom from the Ukrainian side it is necessary to negotiate on this issue.
Read More »