Iraq said the OPEC+ oil cartel is unlikely to change its production policy at next month’s meeting and repeated promises to deliver overdue output cuts, even as the Arab nation’s economy reels. The group of crude […]
Russia’s president Vladimir Puit has formally approved the startup of the Pik high-flux research reactor at the BP Konstantinov St Petersburg Nuclear Physics Institute (PNPI), part of the country’s Kurchatov Institute national research centre. “I […]
U.S. President Joe Biden’s push to slash carbon emissions may inadvertently give a short-term boost to energy companies in one of the world’s biggest polluters. Investors are betting that Russian oil giants such as Lukoil […]
Energy News Beat Publishers Note: Compliance and accountability will be key for the stability of world oil prices. As stated below “Compliance is measured in average barrels per day from the beginning of May to […]
Russia’s vessel Fortuna has resumed laying pipes for the Nord Stream 2 gas pipeline in Danish waters, the project consortium said on Saturday. Pipe-laying at the almost completed pipeline between Russia and Germany had been […]
German Chancellor Angela Merkel and French President Emmanuel Macron sought to iron out differences over the Nord Stream 2 pipeline ahead of talks with U.S. President Joe Biden on the controversial Russian project. The two […]
Moscow — BP and Russian energy giant Rosneft signed a cooperation agreement Feb. 4 to work on joint energy transition projects, including low-carbon technologies and hydrogen, the companies said in a joint press release. Both companies […]
Paris: France on Monday urged Germany to scrap a major gas pipeline project with Russia in protest over the detention in Moscow of opposition leader Alexei Navalny, but the plea fell on deaf ears in Berlin. “We have always […]
OPEC and its allies can celebrate their success in buoying world oil markets when they gather this week. But the coalition will soon be faced with some tough choices. Last month’s pledge by Saudi Arabian Energy Minister […]
EU foreign ministers are not considering any concrete proposal for further visa bans and asset freezes against Russian officials, nor further EU economic sanctions against Russia, in reaction to the detention of opposition politician Alexei […]
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