Gazprom (GAZP.MM) will receive 50% of a new Russian entity replacing the Sakhalin Energy liquefied natural gas (LNG) project, Russian news agencies reported on Wednesday, citing a government decree. Interfax Continue Reading
An oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia. Source: Bloomberg Sign up for our Middle East newsletter and follow us @middleeast for news on the region. Russia appears Continue Reading
German Chancellor Olaf Scholz said for the first time that his government could postpone the planned closure of its remaining nuclear reactors, as he criticized a decision by Russia to Continue Reading
Electricite de France SA, France’s state-owned utility, announced on Tuesday that it is highly likely it will be forced to extend cuts to nuclear generation as scorching weather pushes up Continue Reading
Russia registered 17,126 new cases of coronavirus in the last 24 hours, the highest daily increase since April 2, the country’s anti-pandemic taskforce said in a statement. The taskforce said Continue Reading
Europe gas storage 70% full, surpassing 5-year average Filling EU tanks to targets costs 50-55 bln euros-analysts Europe raised LNG imports to compensate for reduced Russia flows Despite building up Continue Reading
Oil prices dipped on Wednesday ahead of a meeting of OPEC+ producers at which producers are expected to keep output steady with spare capacity limited and against the backdrop of Continue Reading
The American Petroleum Institute (API) reported a surprise build this week for crude oil of 2.165 million barrels, while analysts predicted a draw of 467,000 barrels. The build comes as Continue Reading
Despite expectations of an economic slowdown, diesel demand appears to be rising unabated. For some countries around the world, diesel shortages are already a reality, and European countries are racing Continue Reading
Highlights Main producing field, Greater Burgan, is aging Kuwait has been averse to foreign investment But $1 billion loan deal with Japan could help Kuwait is close to exhausting its Continue Reading
