Latest news
Russia expects oil cuts of 5 mln bpd on top of OPEC
Russian Energy Minister Alexander Novak said on Friday he expected oil production cuts by countries outside of the OPEC+ group to amount to 5 million barrels per day (bpd).
read more... 13/04/2020
PGNiG sells first Klaipeda small-scale LNG cargoes
CRYO Shipping, a Norwegian LNG bunker fuel supplier, purchased both of the cargoes, according to a statement by PGNiG.
read more... 09/04/2020
EU reaches record high LNG imports in 2019
The EU imported the highest ever volume of LNG in 2019 at 108 billion cubic meters (bcm), marking 27% of total gas imports and 22% of the EU's gas consumption, according to the European Commission's (EC) report on the gas market.
read more... 09/04/2020
Russia To Cut 1 Million Barrels Per Day, But Under One Condition
Russia may be willing to reduce its oil production by as much as 1 million bpd, or a little under 10 percent of its March average but only if the United States joins the cuts, Bloomberg has reported citing sources it said were familiar with the dominant sentiment in the industry.
read more... 07/04/2020
Covid-19 crash to speed green shift for oil firms – analysts
The coronavirus outbreak and accompanying oil price crash – which have seen levels slump to near two-decade lows this week – will hasten a green transition among oil and gas majors, analysts told Montel.
read more... 01/04/2020