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Baku. The price of Euro-95 (Premium) gasoline has increased in Azerbaijan from 1. 20 manat to 1. 25 manat per liter, spokesperson for SOCAR Petroleum CJSC Uzeyir Habibbeyli told Trend. “As you know, Premium is imported from such countries as Romania and Russia. From 8 am today, ...

Ashgabat. Since the beginning of the year, the export of aviation kerosene from Turkmenistan to Georgia has increased almost 2 times. This is reported by the publication Turkmenporl, referring to the data of the Union of importers of petroleum products of Georgia. For 6 months of this ...

Washington. After a grim Q2 season for Big Oil, the world’s third-most valuable energy company is warning that 20% of the world’s oil and gas reserves may no longer be viable. According this to Bloomberg. According to Exxon Mobil, one-fifth of the world’s oil and gas ...

Minsck. Russian companies confirmed requests for supplies of 1. 21 mln tonnes of crude oil to Belarus in August. Told reporters about this press secretary of Belneftekhim holding Alexander Tischenko. "Russian companies confirmed requests for supply of 1. 21 mln tonnes of oil to ...

Melbourne. Oil prices were unchanged on Thursday, struggling to hold onto five-month highs reached in the previous session, as fuel demand worries caused by a second wave of coronavirus infections outweighed declines in the U. S. dollar. U. S. West Texas Intermediate (WTI) crude CLc1 ...

Almetyevsk. PJSC TATNEFT has produced 10 million tons of hi-viscosity oil (HVO) since the beginning of development. TATNEFT began production of HVO for the first time in Russia in 2006 introducing the Company’s own development technologies based on the steam gravity drainage principle ...

Tegran. Iran's national gas network is currently covers 95 percent of country's population, said Iranian Oil Minister. "At the moment, 88 percent of villages are connected to gas network, " said Bijan Zangeneh, Trend reports citing IRNA. The official made the remark ...

Moscow. Rosneft published Sustainable Development Report following 2019 performance. The Report is prepared in compliance with international sustainable development reporting standards of the Global Reporting Initiative (GRI Standards), which secured comprehensive information disclosure ...

Belarus lost 1. 5 billion Belarusian rubles (about $600 million) because of the oil dispute with Russia, President Alexander Lukashenko said in his address to the nation and the parliament on Tuesday. "In this difficult situation (pandemic - TASS), we did not close our enterprises, ...

Tokyo. Oil prices fell for the first time in four days on Wednesday, pulling back from as much as five-month highs as mounting coronavirus cases worldwide and in the United States undercut market confidence in a pickup in fuel demand. Brent crude was down 16 cents, or 0. 4%, at $44. 27 a ...

London. Plc cut its dividend for the first time in a decade, removing a cornerstone of its investment case after the coronavirus pandemic upended almost every aspect of its business. The move was largely expected after European peer Royal Dutch Shell (LON:RDSa) Plc slashed its own dividend ...

Almetyevsk. Enterprises of the TATNEFT Group of Companies produced 2, 026 thousand tonnes of crude oil in July 2020 with the production volume from the beginning of the year amounting to 15, 286 thousand tonnes, which was 2, 148 thousand tonnes less than during the same period in 2019. PJSC ...

Minsk. On 1 August 2020 Belarus increased customs duties on oil and petroleum products, which are exported outside the customs territory of the Eurasian Economic Union (EAEU). The decision was formalized by the Council of Ministers' Resolution No. 450 of 29 July, BelTA has learned. The ...

Moscow. Gazprom intends to file an appeal against the fine imposed on the company by the Polish regulator UOKiK because of company’s refusal to furnish Nord Stream 2 data requested by the regulator, the press service of the Russian gas holding told reporters on Monday. ...

London. North Sea oil workers are staying offshore for as long as three weeks at a time, potentially increasing the risks of an already dangerous operating environment, according to unions. Most oil workers in the U. K. follow a “2/3” work pattern -- two weeks offshore followed ...

Melbourne. Oil prices fell in early trade on Tuesday on concerns about fuel demand growth as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output. U. S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0. 5% to ...

Moscow. Russian oil and gas condensate output increased to 9. 8 million barrels per day (bpd) on Aug. 1-2 from 9. 37 million bpd in July as the country eases production curbs under an OPEC+ deal, a source familiar with data said on Monday. The Energy Ministry declined to comment on the ...

Washington. Marathon Petroleum Corp, the largest U. S. independent oil refiner, said it won’t restart two refineries in California and New Mexico amid concerns that demand for fuels is unlikely to return to pre-pandemic levels this year. Marathon said in a statement it will convert its ...