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Tuesday 9 March 2021

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News on Energy
Germany says further sanctions against Russia must target right people

Further sanctions against Russia need to target the right people, German Foreign Minister Heiko Maas said on Wednesday, adding that cancelling the Nord Stream 2 gas pipeline would merely push Russia closer to China.

  • Date: 10.02.2021  |  Published on EGF: 10.02.2021  |  Energy
UPDATE 1-Russia says it has paid Belarus full compensation for tainted oil -RIA

Russia’s ambassador to Belarus said on Wednesday that Moscow had fully compensated Minsk for the 2019 contaminated oil crisis, Russian news agencies reported, a statement that Belarus subsequently questioned.

  • Date: 10.02.2021  |  Published on EGF: 10.02.2021  |  Energy
Most OPEC+ producers oppose Feb output increase - sources

Most OPEC+ oil-producing countries oppose plans to increase output from February as winter lockdowns to contain the coronavirus choke demand, three OPEC+ sources told Reuters on Monday.

  • Date: 04.01.2021  |  Published on EGF: 04.01.2021  |  Energy
Worried about weak oil demand, OPEC pledges action

OPEC and allied producers on Monday pledged action to support the oil market as concerns mounted that a second wave of the COVID-19 pandemic will hobble demand and an earlier plan to raise output from next year would further depress prices.

  • Date: 21.10.2020  |  Published on EGF: 21.10.2020  |  Energy
Oil down 3% after Trump gets coronavirus and economies wobble

Oil prices fell 3% on Friday after U.S. President Donald Trump tested positive for COVID-19, roiling risky assets, and as rising global crude output threatens to overwhelm the market’s weak recovery.

  • Date: 02.10.2020  |  Published on EGF: 02.10.2020  |  Energy
Russia's Gazprom Neft sees oil demand returning to pre-crisis levels in second-half 2021

The chief executive of Russian oil producer Gazprom Neft SIBN.MM said he expects global oil consumption to return to pre-crisis level in the second half of 2021, slightly later than the energy ministry's forecast for the second quarter.

  • Date: 23.09.2020  |  Published on EGF: 23.09.2020  |  Energy
OPEC+ panel focuses on compliance with oil cuts, calls for 'vigilance'

Compliance with OPEC+ oil output cuts is seen at 95% to 97% in July, according to OPEC+ sources and a draft report seen by Reuters on Monday, two days ahead of a meeting of key OPEC+ producers to review adherence with their production pact as demand slowly recovers.

  • Date: 17.08.2020  |  Published on EGF: 17.08.2020  |  Energy
OPEC July oil output surges as Gulf voluntary cuts end: survey

OPEC oil output has risen by over 1 million barrels per day (bpd) in July as Saudi Arabia and other Gulf members ended their voluntary extra supply curbs on top of an OPEC-led deal, and other members made limited progress on compliance.

  • Date: 31.07.2020  |  Published on EGF: 31.07.2020  |  Energy
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