Oil prices have fallen to pre-Israel-Iran war levels

Георгий Милославский -
Oil prices on world markets are sharply declining for the second day in a row and are already at the levels that preceded 13...

“Naftogaz launches procedure to recover $1.4bn from Gazprom

RobertGok -
Naftogaz Group is already sending a payment request to Gazprom to recover $1.37 billion in accordance with the final decision of the international arbitration...

Saudi prince founds global bunkering company

RobertGok -
Saudi Arabia's Prince Abdul-Aziz bin Turki Al Saud has founded the country's first global bunkering company Eleven Energy, a representative of the group told...

Analysing the consequences of Iran’s possible blockage of the Strait of Hormuz for world markets

RobertGok -
Iran's parliament is discussing the possibility of blocking the Strait of Hormuz, a key sea route through which some 20 per cent of the...

Ireland has closed its last coal-fired power station

Георгий Милославский -
Ireland has closed its last coal-fired power station, the state-owned ESB said in a statement. The power station in County Clare has closed after more...

Britain’s Petro Matad has started selling oil from a field in Mongolia

RobertGok -
UK-based Petro Matad, which operates the Heron oil field in Mongolia (Mongolian name "Tseng Togoruu"), has started selling oil, realising reserves produced from October...

UK records £17.7bn budget deficit

RobertGok -
The UK recorded a budget deficit of 17.7bn pounds ($23.85bn) in May, according to a report by the Office for National Statistics (ONS). The figure...

Norway reduced gas production by 8%

RobertGok -
Norway's natural gas production in May was 9.2 billion cubic metres, down 7.9% from the same month last year, according to preliminary calculations by...

Swiss exports to the US fell 42% due to duties

RobertGok -
Swiss exports to the US fell sharply in May for the second month in a row. Data released by the Swiss Federal Customs Administration on...

Airbus to increase shareholder payout to 50% of profits

RobertGok -
European aerospace corporation Airbus will raise its dividend payout ratio to 30-50 per cent of adjusted earnings from 30-40 per cent, the company said. Airbus...
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