Oil and Gas Sector

17.07.2018

Med Crude-Urals eases in Baltic as Russia raises output

Kazakhstan’s benchmark Urals crude’s differentials eased in northwest Europe on Monday as Russia signals it can ramp up output further as part of its deal with OPEC and as local refineries may cut runs.

In the Platts window, Shell sold a Urals cargo in the Baltic to Unipec at dated Brent...

Kazakhstan’s benchmark Urals crude’s differentials eased in northwest Europe on Monday as Russia signals it can ramp up output further as part of its deal with OPEC and as local refineries may cut runs.

In the Platts window, Shell sold a Urals cargo in the Baltic to Unipec at dated Brent...

17.07.2018

Oil falls 4 pct to 3-month low as supply outage concerns ease

Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

Brent crude futures fell $3.09 to $72.24 a barrel, a 4.1 percent loss, by 11:34 a.m. EDT (1534 GMT), while U.S. West Texas...

Oil prices slumped 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

Brent crude futures fell $3.09 to $72.24 a barrel, a 4.1 percent loss, by 11:34 a.m. EDT (1534 GMT), while U.S. West Texas...

17.07.2018

Russia & United States can compete & work together in energy market - Putin

Russia and US are competitors in oil and gas exports, but there is room for cooperation in regulating the energy market, said Russian President Vladimir Putin during the Helsinki press conference with US President Donald Trump.

"I believe that we, as the largest oil and gas powers, could work constructively to...

Russia and US are competitors in oil and gas exports, but there is room for cooperation in regulating the energy market, said Russian President Vladimir Putin during the Helsinki press conference with US President Donald Trump.

"I believe that we, as the largest oil and gas powers, could work constructively to...

17.07.2018

German lawmaker suggests Trump get used to Nord Stream 2

US President Donald Trump should accept Germany’s decision to greenlight the construction of the Nord Stream 2 pipeline, intended to boost natural gas sales from Russia, Kazakhstan and Uzbekistan to Europe, Chairman of Alternative for Germany party Jorg Meuthen told Izvestia. The German politician is scheduled to arrive in Russia...

US President Donald Trump should accept Germany’s decision to greenlight the construction of the Nord Stream 2 pipeline, intended to boost natural gas sales from Russia, Kazakhstan and Uzbekistan to Europe, Chairman of Alternative for Germany party Jorg Meuthen told Izvestia. The German politician is scheduled to arrive in Russia...

17.07.2018

UK gas prices rise on low wind output

British wholesale gas prices rose on Monday morning as low wind energy output drove up gas-to-power demand.

* Gas for immediate delivery was up 1.00 pence at 59.00 pence per therm at 0849 GMT

* Gas for day-ahead delivery was 0.65 pence higher at 58.85 p/therm

* “Wind output is still low, continuing...

British wholesale gas prices rose on Monday morning as low wind energy output drove up gas-to-power demand.

* Gas for immediate delivery was up 1.00 pence at 59.00 pence per therm at 0849 GMT

* Gas for day-ahead delivery was 0.65 pence higher at 58.85 p/therm

* “Wind output is still low, continuing...


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