In Poland’s effort to decrease its reliance on Russian energy, its state-owned energy company PGNiG signed its first five-year contract to buy American liquefied natural
Tag: Russia
Market Update: OPEC’s Global Oil Production Cuts Extended till End 2018
OPEC and non-OPEC oil producing countries agreed last week (30 November) to prolong the oil production cuts until the end of next year as they
Russia’s Sakhalin-1 Project Jeopardizes OPEC Output Freeze
Oil production from Russia’s Sakhalin-1 project is poised to go up by about 25% to 250,000-260,000 barrels per day from January 2018, suggesting that the
Focus on Fancy Fertilizers: EuroChem Serving Asia’s Potash Market
EuroChem Group AG, owned by Russian commodities tycoon Andrey Melnichenko, is investing more than $6 billion in two potash-producing mines. EuroChem is relying on Asian
Nigeria Supports Oil Production Cut Extension Under “Right Terms”
Nigeria supports an extension of the output freeze deal between the Organization of the Petroleum Exporting Countries (OPEC), Russia, and other non-member countries to cut
Market Update: Russia to Boost Oil Production in 2018 Despite OPEC Output Deal
Russian Energy Minister Alexander Novak said earlier this week that Russia would boost its oil production next year even if the global deal to cut
Oil Market Update: Compliance with OPEC’s Production Cut Deal ‘Extremely High’
The global oil market is stabilizing thanks to the full compliance of the OPEC countries to the cartel-administered deal that seeks to curb supply in
Expert Analysis: Trump’s Gas Doctrine and Europe’s Great Dilemma
The United States has always been an important player in defining the European Union’s energy security and supporting its gas supply diversification plans. The Trump
Saudi Arabia “Flexible” on Oil Output Freeze Deal Extension
Saudi Arabia said it was flexible regarding the extension of a deal between OPEC, Russia and other producers on cutting oil supplies until the end
The Geopolitics of North Stream 2: With EU Already Divided, New US Sanctions Will Do More Harm
Nord Stream 2 is poised to boost Russia’s influence over its neighbors and divide the European Union internally. Yet, American sanctions against the project will