On Wednesday, 2 October 2024, Saudi Arabia issued a stern warning that global oil prices could plummet to $50 per barrel if OPEC+ member states fail to adhere to agreed …
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energy market
Russian oil giant Lukoil has ceased transporting oil to Hungary as of late June 2024, following the imposition of expanded sanctions by Ukraine’s National Security and Defence Council (NSDC). This …
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Russian Oil Production Expected to Remain Stable Despite Sanctions
Oil production in Russia is projected to remain stable over the next five years, despite international sanctions, as the state-owned company PJSC “Rosneft” begins extraction at a new major Arctic …
Russia’s efforts to finalise the significant Power of Siberia 2 gas pipeline deal with China have hit a stumbling block due to Beijing’s stringent demands on price and supply levels, according to …
