OPEC remains hostage to Russia’s reluctance, with plans still in limbo on instituting deeper production cuts to ward off the Wuhan coronavirus’ impact on oil prices. Receive daily email alerts, Continue Reading
US Gulf Coast refiners have been increasing their imports of a crude oil residue from Russia in response to both sanctions on Venezuelan crude exports and declining prices of high Continue Reading
In the context of global liquefied natural gas (LNG) companies, Russia’s number two gas producer (after state-owned Gazprom), Novatek, has always been seen as being unusually reliable in terms of Continue Reading
Tesla could get state subsidies in its plan to set up a gigafactory in Germany, the country’s economy minister told a weekly newspaper. “In my conversations with (Tesla CEO) Elon Continue Reading
In the last quarter of 2019, EU demand for diesel cars further decreased , dropping to 29.5% of new-car registrations, according to data from ACEA, the European Automobile Manufacturers Association. Continue Reading
In Germany (the largest car market in Europe), the 2020 registration year started with 246,300 newly registered passenger cars—7.3% less than in January 2019, according to figures from the German Continue Reading
Russia will support deeper oil production cuts across OPEC and its partners, Foreign Minister Sergey Lavrov told media at an event in Mexico. “We support this idea,” the top diplomat Continue Reading
Mr Lavrov (left) was speaking after talks with President Maduro (right) in Caracas Russia has pledged to boost military and economic co-operation with Venezuela to help the South American nation Continue Reading
The U.S. is weighing whether to sanction Russia’s biggest oil producer, Rosneft PJSC, for maintaining ties with Venezuela’s Nicolas Maduro, though American officials are wary that the move could cause Continue Reading
British companies are preparing for the U.K. government to decide how to spend more than $1 billion on infrastructure capable of capturing and burying millions of metric tons of carbon dioxide pollution. The money Continue Reading
