Scholz: Germany ready to be independent of Russian gas supplies

Germany is preparing to become independent of Russian gas supplies.

OPEC+ to increase oil production by 432,000 b/d

OPEC+ will increase oil production by another 432,000 b/d in June, as it was planned.

The war in Ukraine may lead to high energy prices

The Russian-Ukrainian military conflict may lead to long-term high energy prices

Oil gets cheaper, and Brent is at $103.87 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading.

Chinese company’s net profit has grown

The net profit of Chinese petrochemical corporation Sinopec amounted to 22.6 bn yuan ($3.4 bn) in the 1st quarter of 2022 (24.5% more against Q1 of 2021).

Gas price in Europe exceeds $1,300 per 1,000 cu m

Schneider Electric plans to sell its assets in Russia

France’s corporation Schneider Electric plans to sell its assets in Russia

Russia stops gas supplies to Bulgaria

Gazprom's management announced the termination of gas supplies to Bulgaria

Oil has grown in value, and Brent is at $105.39 a barrel

Prices for oil of benchmark grades are increasing in Wednesday’s trading.

Oil rises in cost after its fall the day before, and Brent is at $103.63 a barrel

Prices for oil of benchmark grades are increasing in Tuesday’s trading, after falling following the previous trading.

Oil gets cheaper, and Brent is at $103.71 a barrel

Prices for oil of benchmark grades are falling in Monday’s trading.

German Chancellor opposes Russian gas embargo

A sharp embargo on Russian gas will cause serious economic crisis in Germany and throughout Europe, German Chancellor Olaf Scholz stated during an interview for newspaper Der Spiegel.

Oil gets cheaper, and Brent is at $107.34 a barrel

Prices for oil of benchmark grades are declining in Friday’s trading and end the week in the red

Vagit Alekperov has left the post of head of Lukoil

Vagit Alekperov has left the Board of Directors and the post of head of Lukoil

EU warns about energy embargo against Russia

President of the Council of the European Union (EU) Charles Michel expressed confidence that the EU will sooner or later impose an embargo on oil & gas from Russia

Oil rises in price, and Brent is at $107.74 a barrel

Prices of oil of benchmark grades are growing in Thursday's trading.

Shell withdraws its employees from joint projects with Gazprom

Oil grows in value after fall, and Brent is at $108.50 a barrel

Prices for oil of benchmark grades are rising in Wednesday’s trading, after falling more than by 5% the day before.

Oil gets cheaper, and Brent is at $113.10 a barrel

Prices for oil of benchmark grades are declining in Tuesday’s trading.

Cost of oil rises, and Brent is at $112.51 a barrel

Prices for oil of benchmark grades are increasing in Monday’s trading, after significant increase by the end of past week.

Russia plans to expand use of ruble in energy sector