Britain’s newly established quarantine hotels received their first guests on Monday as the government tries to prevent new coronavirus variants from derailing a fast-moving vaccination drive that has delivered more Continue Reading
Russia’s Gazprom saw its total gas sales dip by 8.1% in 2020 as the coronavirus pandemic hit demand — particularly in the second quarter — but strong growth in Q4 Continue Reading
A supertanker is loading up with diesel-type fuel at a key European import hub for the petroleum product, a telling indicator of the region’s supply glut. The Silverstone, a so-called very Continue Reading
The British economy suffered its biggest decline in more than 300 years in 2020 as the coronavirus pandemic closed shops and restaurants, devastated the travel industry and curtailed manufacturing. The Continue Reading
Rosneft reported a 79-percent drop in 2020 net profits to $2.2 billion (147 billion rubles), with its fourth-quarter result hitting a record high after a loss in the third quarter. Continue Reading
Russia’s gas giant Gazprom plans to commission the controversial natural gas pipeline Nord Stream 2 this year, Russian news agency TASS reported on Thursday, quoting a presentation of a Gazprom Continue Reading
The European Union has pledged to block or limit funds from the region’s Eur672.5 billion ($814 billion) COVID-19 recovery package going to fund upgrade programs for fossil-fuel-powered vehicles and power Continue Reading
Russian Foreign Minister Sergei Lavrov has said Moscow is ready to sever ties with the European Union if the bloc hits it with painful economic sanctions, according to extracts of Continue Reading
Britain’s coronavirus-ravaged economy slumped by 9.9% in 2020, the biggest annual crash in output in more than 300 years, but it avoided heading back towards recession at the end of Continue Reading
While BP was unveiling its strategy to reinvent itself from an international oil company to an integrated energy company in London last year, thousands of miles away Russian giant Rosneft—in Continue Reading
