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The bearish effect of geopolitical events

The bearish effect of geopolitical events

As oil prices fall, global demand is expected to grow. Asia is driving the increase in demand thanks to the estimated 900,000 b/d

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Russia to Host the 25th World Energy Congress

Russia to Host the 25th World Energy Congress

The World Energy Council (WEC) has announced that Russia will be the host of the next World Energy Congress held in 2022

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Rosneft sees oil at $80 by Christmas

Rosneft sees oil at $80 by Christmas

Rosneft’s chief executive Sechin expects Brent could reach US$80 a barrel by this year’s end

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Kazakhstan boosts oil, gas, fuel and electricity production

Kazakhstan boosts oil, gas, fuel and electricity production

This year, Kazakhstan has increased oil production 6 percent, gas production 6.4 percent and electricity production 7.3 percent

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Oil and gas lead Kazakh industrial investment growth

Oil and gas lead Kazakh industrial investment growth

Industrial investments reached 2.1 trillion tenge (US$6.1 billion) in the first five months of the year, increasing by 44.2 percent

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Russia to Invest USD 50 Billion in Iran’s Oil and Gas Sector

Russia to Invest USD 50 Billion in Iran’s Oil and Gas Sector

The announcement a few hours after the Putin Trump meeting in Helsinki

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Prices rise even after OPEC agreement

Prices rise even after OPEC agreement

In addition to the positive trend, the Vienna agreement has allowed Russia and Saudi Arabia to achieve two fundamental objectives: higher production and consequently higher income

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Wind energy to provide electricity to 10,000 Astana households

Wind energy to provide electricity to 10,000 Astana households

Plans are underway to complete a $242 million, 100MW wind power plant near the capital

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The positive trend continues

The positive trend continues

Among the main factors driving the recent price increases, many geo-political developments, such as the new US sanctions against Teheran, the decrease in American stocks and the case of Venezuela

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Kazakhstan in consultations on easing OPEC oil output reduction agreement

Kazakhstan in consultations on easing OPEC oil output reduction agreement

Kazakhstan is consulting other producers on the potential easing of a 2016 oil output reduction agreement between the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members, Kazakh Energy Minister Kanat Bozumbayev said

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