Russia
Russia to move ahead with a strategic project to deliver Russian gas to Germany

The “Fortuna” gas pipeline-laying ship began to complete the “Nord Stream 2” project in German waters, which aims to connect Russia and Germany with two gas pipelines across...

Read more
The historic agreement of (OPEC+) .. will it save the markets from the collapse of oil prices?

The OPEC Plus group succeeded in reaching a historic agreement to rebalance the oil markets and stop the collapse in oil prices.   The group had reached the agreement a few days ago in a...

Read more
Russia cuts oil production by 2.5 million barrels per day, starting in May 2020

Russian industry sources confirmed on Monday, April 20, 2020 that the Russian Energy Ministry asked local oil producers to reduce oil production by about 20% from the February 2020 average levels,...

Read more
The United States may have to impose tariffs on oil imports if prices continue to decline

Oil prices in world markets have fallen to about $20 a barrel, the lowest level in the past two decades. The sharp decline in oil prices is attributed to the spread of Corona virus (Covid-19) and the...

Read more
Oil prices to fall amid news of delaying the Saudi and Russian talks

Global oil prices fell after the meeting of Saudi Arabia and Russia on the trend to cut production was postponed as the spread of the Corona virus affected demand, BBC reported. Trump expected Saudi...

Read more
Pressures on the Revenues of the GCC Countries Due to the Collapse of Oil Prices

Experts of Fitch International credit rating agency said on Monday 9 March 2020 that the collapse of oil prices will put pressure on the financial returns of the Gulf Cooperation Council countries,...

Read more
Iraq Warns of the Collapse of Oil Prices Due to Abundant Supplyً

A spokesman for the Iraqi Oil Ministry said on Monday, 9th March 2020 that pumping more oil to the markets in these circumstances will lead to a price collapse because the Saudi Aramco company...

Read more
OPEC to extend oil output cuts till June Cause of Coronavirus

OPEC sources have confirmed to Reuters that they want to extend the current cuts in oil production until June 2020, with the possibility of making further cuts if oil demand in China is greatly...

Read more
OPEC and Russia deepen oil output cuts

Sources told Reuters that OPEC and its allies led by Russia are close to the agreement to reduce oil supplies for next year, to support crude prices and prevent the abundance of oil. The Organization...

Read more
UAE and Russia to boost cooperation in oil, gas and peaceful nuclear energy sectors

HE Minister of Energy and Industry “Suhail Al Mazrouei” said that the visit of President Vladimir Putin of the Russian Federation to the UAE reflects the strength of the strategic partnership...

Read more