Vagit Alekperov, the head of Russia’s second-largest oil company Lukoil (LKOH.MM) , said on Thursday that he expects the group of leading oil producers, known as OPEC+, will decide to Continue Reading
The Nord Stream 2 gas pipeline under the Baltic Sea is almost complete with just 100 kilometres (62 miles) left to build, TASS news agency quoted Russian deputy prime minister Continue Reading
Living the seventh year of sectoral sanctions that target its prospective oil and gas projects, Russia has grown accustomed to living under pressure. Sanctions have made it much more difficult Continue Reading
OPEC Output Hike ‘100%’ About Iran Oil Uncertainty: Analyst Sen Oil extended gains after closing at the highest since October 2018 as OPEC+ provided an upbeat assessment of the demand Continue Reading
Oil prices rose on Wednesday after OPEC and its allies stuck to their plan to cautiously bring back oil supply to the markets in June and July while expecting a Continue Reading
Oil resumed its advance, reaching the highest settlement in over two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up Continue Reading
OPEC and its allies forecast that oil demand will heavily outstrip supply from August without further production increases. That suggests crude’s 35% surge this year to more than $70 a Continue Reading
It’s a tough time being in the oil and gas business. Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors Continue Reading
While the world is not yet back to pre-pandemic travel levels and there is still ongoing disruption to ground transportation and air traffic, the world now consumes more than 95 Continue Reading
Oil demand is recovering faster than previously expected, and unless OPEC+ puts additional barrels on the market on top of the plans to restore 2 million barrels per day (bpd) Continue Reading
