The contamination issue with Russian oil pipeline supply will impact European refinery runs to the tune of 250,000 bpd in the second quarter, which is below 2 percent of Europe’s Continue Reading
Russian pipeline monopoly Transneft said on Tuesday that oil producing firms were to blame for the recent contamination of an export pipeline, as sources said there was no quick fix Continue Reading
As the trade war between the U.S. and China intensifies, with an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent and Continue Reading
A group of US senators on both sides of the aisle is set to introduce a bill that will seek to sanction the Nord Stream II gas pipeline, according to Continue Reading
Hungarian oil group MOL will stockpile around 100,000 tonnes of contaminated Russian crude and, like other companies, make it usable by adding clean oil, the company said in a statement Continue Reading
Russian oil giant Rosneft plans to cut its net debt by $2-$3 billion in the second quarter, company managers told a conference call on Monday, adding sanctioned Venezuelan state oil Continue Reading
Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Reuters reported on Monday, citing two industry sources, which means that Moscow is finally within Continue Reading
In the Netherlands, once Europe’s largest natural gas supplier, one of the big questions is how to deal with declining production and increasing reliance on imports. For hundreds of energy Continue Reading
Russia’s largest oil producer, Rosneft, reported on Monday a higher net income in the first quarter compared to both the fourth quarter of 2018 and Q1 2018, thanks to higher Continue Reading
The president of Belarus Alexander Lukashenko said on Saturday the cost of damages from contaminated oil received via the Russian Druzhba oil pipeline was ‘enormous’ and Belarus expects compensation from Continue Reading
