OPEC: Prolonging cut would achieve mission to clear oil glut
The world’s two biggest oil exporters seem to have finally figured out how to eliminate a global surplus that’s kept…
Alro’ s profit grows more than twicefold in Q1
Alro, the largest aluminum producer in Continental Europe (excluding Russia and the Scandinavian Peninsula), posted a net adjusted profit of…
Top oil trader warns shaky demand risks thwarting OPEC’s aim
OPEC and its allies are seeking to pump less for longer in a quest for higher prices. The world’s biggest…
Russia struggles to unleash clean energy potential
In the rocky hills of southern Siberia, five hydropower plants operated by Russia’s EN+ Group churn out green electricity at one-sixth…
Putin orders Gazprom to start laying pipes along Turkish Stream’s sea route
Gazprom will be ready to start laying pipes on the Turkish Stream offshore section in several days, the company’s CEO…
Romania steps up in the WEF’s Global Energy Architecture Performance Index
Romania is ranked the 24th in the latest Global Energy Architecture Performance Index Report prepared by World Economic Forum, in…
Exxon may resume Russian operations
Exxon Mobil Corp declined to comment on a media report that it is seeking permission from the U.S. government to…
OPEC may further cut production beyond June
Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, and OPEC will decide next…
The global oil market in 2017: contango or backwardation? (analysis by Radu Dudău)
Radu Dudău, EPG Director More than four months after the November 30, 2016 deal between OPEC and eleven non-OPEC producers to…
Georgia is giving up on Gazprom, in favour of Azer natural gas
In the latest episode in one of the region’s longest-running geopolitical soap operas, Georgian Energy Minister Kakha Kaladze on April…
Iceland magma drilling project may revive giant UK power cable link
Scientists will study the possibility of producing geothermal energy from magma for the first time, in a $100 million project…
Denmark proposes law change to block Gazprom pipeline
EU officials have been seeking ways to delay or halt Gazprom’s Nord Stream 2 pipeline, fearing the initiative will strengthen…
Gazprom: The Export to Serbia Grew by 37.6%, to Bulgaria – by 19.4%
Russia’s gas monopoly, Gazprom, in March increased supplies to countries, which may be clients of the Turkish Stream projects, Russian TASS…
Russia and Iran say will continue efforts to curb oil output
Russia and Iran have pledged to continue efforts to rein in oil production and stabilize markets, the presidents of both…
Major oil producers look to extend limiting the oil output by another six months
A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to…