Oil and Gas Sector

22.09.2021

IEA calls on Russia to up European gas supplies

The International Energy Agency has called on Russia to boost gas supplies to Europe ahead of the coming winter heating season. The Paris-based body - which operates within the framework of the OECD - acknowledged that Russia was fulfilling long-term contracts with its European customers.

But it also noted that the...

The International Energy Agency has called on Russia to boost gas supplies to Europe ahead of the coming winter heating season. The Paris-based body - which operates within the framework of the OECD - acknowledged that Russia was fulfilling long-term contracts with its European customers.

But it also noted that the...

22.09.2021

China's crude oil output up 2.3 pct in August

China's crude oil output rose 2.3 percent year on year to 17.03 million tonnes in August, official data showed.

The August output grew 4.7 percent from the 2019 level. The daily oil output last month stood at 549,000 tonnes, according to the National Bureau of Statistics (NBS).

In the first eight months,...

China's crude oil output rose 2.3 percent year on year to 17.03 million tonnes in August, official data showed.

The August output grew 4.7 percent from the 2019 level. The daily oil output last month stood at 549,000 tonnes, according to the National Bureau of Statistics (NBS).

In the first eight months,...

22.09.2021

Russia expected to raise oil exports via Baltics in Q4

Russia is expected to increasing its Urals oil exports via Baltic Sea ports in October-December due to likely higher output and a seasonal decline in domestic output of oil products, a schedule and Reuters calculations showed on Tuesday.

Overall Russian oil exports are expected to rise by 2.1% in the fourth...

Russia is expected to increasing its Urals oil exports via Baltic Sea ports in October-December due to likely higher output and a seasonal decline in domestic output of oil products, a schedule and Reuters calculations showed on Tuesday.

Overall Russian oil exports are expected to rise by 2.1% in the fourth...

22.09.2021

Brent stays below $75/b threshold

Oil prices rose on Tuesday as tighter U.S. supplies helped to reverse days of losses triggered by concerns across global markets about the impact on China's economy of a crisis at heavily-indebted property group China Evergrande.

Brent crude gained 52 cents, or 0.7%, to $74.44 a barrel by 1338 GMT,...

Oil prices rose on Tuesday as tighter U.S. supplies helped to reverse days of losses triggered by concerns across global markets about the impact on China's economy of a crisis at heavily-indebted property group China Evergrande.

Brent crude gained 52 cents, or 0.7%, to $74.44 a barrel by 1338 GMT,...

22.09.2021

Uncertainty over FSU supplies keeps North Sea region’snatural gas markets in limbo

European wholesale gas prices were volatile on Tuesday, with some contracts easing and others gaining, but the overall bullish picture ahead of the winter season remained intact.

The British within-day gas contract was down 7.00 pence at 182.00 p/therm by 0842 GMT. The day-ahead contract was down 3.00 pence at 180.00...

European wholesale gas prices were volatile on Tuesday, with some contracts easing and others gaining, but the overall bullish picture ahead of the winter season remained intact.

The British within-day gas contract was down 7.00 pence at 182.00 p/therm by 0842 GMT. The day-ahead contract was down 3.00 pence at 180.00...


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