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Belarus reduces export duties on oil, oil products

Belarus reduced customs duties on oil and petroleum products, which are exported beyond the customs territory of the Eurasian Economic Union (EAEU). The decision is…

US, Russia top energy officials discuss oil prices, agree on dialogue involving G20

The oil market has been extremely volatile since early March after OPEC+ members failed to reach an agreement on oil production cuts, and also amid…

Fitch Ratings cuts oil, gas price assumptions on coronavirus, price war

Fitch Ratings has cut its short- and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020, Trend reports citing Fitch…

Belorusneft to open 180 vehicle charging stations in Belarus in 2020

The industrial group Belorusneft intends to open 180 fast charging stations in 2020, the company’s press service told BelTA. Since the beginning of the year…

Second batch of oil reaches Belarus’ Naftan

The Belarusian oil refinery Naftan started receiving oil delivered by a tanker via Klaipeda for processing. The whole second batch, 160,000 tonnes of Russian oil…

Figures demonstrating operation results TATNEFT in February 2020

The enterprises of the TATNEFT Group of Companies produced 2,338 thousand tonnes of crude oil in February 2020 with the production volume from the beginning of…

Coronavirus Could Test Oil Players’ Risk and Compliance Plans

In a recent survey of 100 energy industry chief financial officers, professional services firm BDO found that 72 percent of the executives queried plan to…

Uzbekistan intends to increase gas reserves by 361 bcm by 2026

The increase in natural gas reserves in Uzbekistan in 2020-2025 may reach 361 bcm, oil – 20.4 million tons. The corresponding draft government decree has…

OPEC aims to extend oil output cuts through June, alarmed by China virus

OPEC wants to extend current oil output cuts until at least June, with the possibility of deeper reductions on the table if oil demand in…

IEA: Around 15% of global energy-related emissions come from the process of getting oil and gas out of the ground and to consumers

Oil and gas companies must boost investment in low carbon energies or face an increasing backlash that could threaten their long-term profits and social acceptance,…

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