Demand for petroleum products will never reach pre-crisis levels
Demand for petroleum products will never return to levels achieved before the coronavirus outbreak, Citigroup notes. Analysts, including Ed Morse,…
Goldman Sachs: “Oil Refinery War” begins in the next couple of years
A wave of new refineries, which will soon be launched in the Middle East and China, will strangle many old…
“Long-range” heavy-duty drone created in the Russian Federation
In Russia, a large-capacity ethereal aircraft (drone) was created that can cover hundreds of kilometers. This was stated by the…
Ukraine and Poland launched a new virtual connection of their GTS
Ukraine and Poland launched a new virtual connection of their gas transmission systems (GTS). It will replace two existing intersystem…
Russia will reduce the price of gas as soon as Belarus begins to pay debts
Russia is hinting that Minsk’s payment of gas debts will greatly facilitate negotiations on lowering the current price of blue…
Libya can now restore production and exports at any time
Libyan tribes completely transferred control of oil fields and ports to the parliament in the east and the Libyan National…
US sanctions against Nord Stream-2 affect 120 companies
Former Chancellor of Germany, Chairman of the Board of Directors of Rosneft Gerhard Schroeder called possible new US sanctions against…
The automakers decided not to conduct the next Geneva Motor Show.
Geneva International Motor Show, canceled in March this year due to coronavirus, will not take place in 2021. The organizer,…
Russia even slightly exceeded the OPEC + deal
The average daily oil and condensate production in Russia from June 1 to 29 was at the level of 1.272…
“Angara-A5” will soon become much cheaper, promise in Roskosmos
The new Angara-A5 heavy-class space rocket is now three times more expensive than the Proton-M predecessor, but will soon become…
The oil market is falling lower and lower
The oil market does not stop falling. According to the data at 10:55 Moscow time, March Brent futures fell 0.15%…
Why the oil industry of the Russian Federation began to be active in Africa
When the first Russia-Africa Summit took place in October 2019, most industry observers believed that many of the projects under…