Oil rises as investors bet on tighter supply, China’s economy LONDON: Oil prices added to recent gains on Monday amid expectations of tighter supply from OPEC+ cuts and attacks... Updated 01 Apr, 2024 03:00pm
Markets Russia’s Arctic LNG 2 will not start shipments until March Novatek, Russia’s largest producer of liquefied natural gas (LNG), will start loading first cargo from the Arctic... Published 08 Feb, 2024 10:58am
Business & Finance Russia says redirected most oil exports to China, India MOSCOW: Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak... Published 28 Dec, 2023 04:52am
Markets Russia says redirected most oil exports to China, India MOSCOW: Russia has redirected its oil exports from Europe to China and India, Deputy Prime Minister Alexander Novak... Updated 27 Dec, 2023 04:57pm
Print Russia eyes additional oil export cuts of about 50,000bpd in Dec MOSCOW: Russia said on Sunday it would deepen oil export cuts in December by potentially 50,000 barrels per day or... Updated 18 Dec, 2023 08:35am
Markets Oil prices end little change NEW YORK: Oil prices were little changed in volatile trade on Tuesday as a stronger US dollar and demand concerns... Published 06 Dec, 2023 04:27am
Markets Angola, Nigeria target higher oil output amid OPEC+ talks LONDON: African members of OPEC+ producer group Angola and Nigeria are aiming for higher oil output, officials told... Published 24 Nov, 2023 05:29am
Markets Oil rises to highest in over seven months on supply worries NEW YORK: Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, ... Published 04 Sep, 2023 06:21am
World China trade with Russia hits highest level since Ukraine war BEIJING: China’s total trade with Russia in May soared to levels not seen since the beginning of Moscow’s war in... Published 08 Jun, 2023 06:30am
Markets Asia naphtha cracks firm SINGAPORE: Asia’s naphtha refining margins firmed further to around $20 a tonne, reflecting the emergence of ... Published 26 May, 2023 06:48am
Markets OPEC+ likely to stick to its guns despite price slump, delegates say LONDON/DUBAI: OPEC+ is likely to stick to its deal on output cuts of 2 million barrels per day (bpd) until the end... Published 22 Mar, 2023 05:16pm
Markets Russia’s Novak: Moscow to maintain 500,000 bpd oil output cut to end June MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Tuesday that Russia will continue a 500,000 barrels... Published 21 Mar, 2023 08:12pm
Markets Russia sees risk of oil output dipping in 2023 Russian Deputy Prime Minister Alexander Novak said on Friday there were risks that Russia’s oil production could... Published 10 Feb, 2023 12:40pm
World Russia: EU price cap exemptions show our oil is still in demand Russian Deputy Prime Minister Alexander Novak said on Wednesday that European Union moves to add what he called... Published 08 Feb, 2023 12:01pm
Markets Russian oil output, exports stable despite sanctions MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with oil output and... Published 01 Feb, 2023 08:26pm
Opinion Natural gas: From Russia with love That the news that Russia has plans to send natural gas to Pakistan is a highly positive development in view of... Published 28 Dec, 2022 04:12am
Markets Russia to increase oil exports by 7.5pc in 2022: TASS MOSCOW: Russia will increase oil exports by 7.5% to 242 million tonnes in 2022, TASS news agency cited Russian ... Published 27 Dec, 2022 06:07am
World Russia ready to modify gas deal with Hungary if EU price cap requires it: minister BUDAPEST: Hungary's foreign minister said on Tuesday he had spoken with Russian Deputy Prime Minister Alexander ... Published 13 Dec, 2022 11:09pm
Markets Russia-Iran swap deal could include oil, 10bcm of gas a year MOSCOW: Russian Deputy Prime Minister Alexander Novak said on Thursday that a swap deal with Iran may initially... Published 07 Oct, 2022 05:59am
Markets Oil up nearly 3pc as OPEC+ agrees to small oil output cut HOUSTON: Oil prices rose about 3% on Monday, as OPEC+ members agreed to a small production cut of 100,000 barrels ... Published 06 Sep, 2022 04:08am
World Putin and Erdogan agree to boost cooperation, some rouble payments for gas MOSCOW: Russian President Vladimir Putin and Turkish President Tayyip Erdogan agreed on Friday to boost cooperation... Published 05 Aug, 2022 10:51pm
World Russia restarts major gas pipeline, expands Ukraine war goals Russia is resuming supplies of gas via a major pipeline running through Ukraine to Europe on Thursday, the pipeline... Published 21 Jul, 2022 10:53am
Opinion Saudi Arabia walks oil policy tightrope between Biden and Putin Saudi Arabia’s push for swifter oil production hikes by OPEC+, which were agreed in June, involved... Published 01 Jul, 2022 06:13am
World Saudi Arabia energy minister holds talks with Russian deputy PM at St Petersburg forum Saudi Arabia energy minister Prince Abdulaziz bin Salman held talks with Russian Deputy Prime Minister Alexander... Published 16 Jun, 2022 01:46pm
Markets Oil jumps 5pc as Caspian pipeline disruption adds to supply fears • US crude stockpiles fall, output flat for 7th week in a row • Biden to meet NATO allies Thursday Published 24 Mar, 2022 05:36am
Print Moscow warns of market ‘collapse’ MOSCOW: Russian Deputy Prime Minister Alexander Novak warned Wednesday that a ban on Russian oil and gas imports... Updated 24 Mar, 2022 09:11am
Markets Russia says Europe missing out on gas with Nord Stream 2 delay MOSCOW: Europe, struggling with soaring gas prices, is missing out on additional Russian supplies amid delays to the... Published 25 Dec, 2021 05:02am
Print OPEC+ rebuffs speedier oil output calls LONDON: OPEC and its allies agreed at a meeting on Thursday to stick to plans to raise oil output by 400,000 barrels... Updated 05 Nov, 2021 09:59am
Print Russia seeing record gas demand but still ready to boost EU supplies MOSCOW: Russian gas consumption is running at a record high but Moscow is still ready to increase supplies to Europe... Published 17 Oct, 2021 04:36am
Markets Russia's Novak says risks of uncertainty remain in oil market Oil prices rose on Tuesday, with Brent hitting $71 and trading at its highest since March, on expectations for growing fuel demand during the summer driving season in the United States. Published 01 Jun, 2021 06:32pm
