Oil hits almost 14-month high after OPEC+ extends output cuts

Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand...

Akademik Cherskiy joined the construction of Nord Stream 2

The laying of two lines of Nord Stream 2 is planned to be completed by the end of September 2021.

Oil price continued to increase on Friday due to OPEC+ decisions

The ministers of the OPEC+ countries refused to increase oil production in April by 500 thousand barrels per day (bpd).

Russian oil exports to non-CIS countries fell sharply

Oil supplies fell by 21.6% in two months compared to the same period last year.

The presidents of Ukraine and Poland discussed how to put an end to Nord Stream 2

Andrzej Duda shares the opinion about the need to stop the construction of the gas pipeline.

German company refused to insure Nord Stream 2

Munich Re Syndicate has published a message about the termination of cooperation with the project.

Oil prices in March-July 2020: record highs

The situation with oil prices has not demonstrated stability over the past 4 months.

Oil price dynamics amid a price war between OPEC and Russia

Over the past week, world oil quotations have experienced serious volatility.

Electricity exports from Ukraine grew by 4.9% in 2019

Despite the growth of imports by 88 times according to last year’s results.