Nord Stream 2 Upbeat Denmark Will Approve Gas Pipeline Proposal
Russian-led company expects to complete pipeline by the end of 2019.
Gazprom Expects Tough Competition From US LNG Exports To Europe
Comments from executive contrast with company’s previous statements.
Oil Declines From 2019 Highs But Set For Third Weekly Gain
Oil fell further from 2019 highs on March 22, but was set for a third straight week of gains due to supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.
Gazprom’s Nord Stream 2 Eyes Way To Curb EU Oversight
By transferring the part of the pipe in German waters to a new company, the controversial $9.5 billion project would dodge EU regulations.
IEA Projects US Leading Global Oil Supply Growth
The U.S. will drive global oil supply growth over the next five years, adding another 4 million bbl/d to the country's already booming output, the IEA said March 11.
Russia Reported Ready To Ship Gas Via Ukraine Despite New Pipeline
Continued service through Ukraine possible ‘under certain conditions,” says Russian prime minister.
Russian Oil Output Down In February, Misses Global Deal Target
Russian production is 97,000 bbl/d below October’s level, but commitment was for 228,000 bbl/d.
Fight Against Pollution To Lift LNG Demand
Natural gas is expected to be the fastest-growing source of energy in the coming decades, displacing coal in power plants and heavy industries. LNG, where natural gas is chilled to minus 160 degrees celsius (minus 260 Farenheit), allows transportation of the fuel from gas fields to demand centers.
Russia's Gazprombank Freezes Accounts Of Venezuela's PDVSA: Source
Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Feb. 17.
Brent Hits $65 As Production Cuts Fuel 2019 High
Brent crude oil briefly reached 2019 highs above $65 a barrel on Feb. 15 as OPEC-led supply cuts and this week's announcement of a higher than expected cut by Saudi Arabia encouraged investors.