To balance the market, global economic powers must implement expansive policies and producer countries must implement the production cuts agreement as soon as possible
Support in German Chancellor Angela Merkel’s coalition for a new Russian gas pipeline is slipping. Pressure from U.S. President Donald Trump starts to bite.
Kazakh President Nazarbayev launched construction on the Saryarka gas pipeline
50,000 heat metering devices have been installed in the country’s houses. An additional 62,000 units are scheduled to be connected.
OPEC’s worst nightmare? Iraq could be next to abandon oil cartel
German engineering firm Siemens says Russia clandestinely delivered several of its turbines to Crimea
The International Atomic Energy Agency (IAEA) has signed contracts to purchase low-enriched uranium (LEU) to start operation of a Low-Enriched Uranium Bank in Kazakhstan in 2019.
Germany still wanted to ensure Ukraine would remain a transit country for gas from Russia to Europe.
At the center of the recent slowdown in crude oil prices, Washington’s moves on the international geopolitical chessboard, the confrontation with OPEC and the movements of constant rapprochement between Russia and China
The Bulgarian and Serbian route will reportedly go online in 2020, followed by Hungary in 2021 and Slovakia in mid-2022.
Russia’s production exceeded the previous high of 11.247 million barrels a day reached two years ago
Price increases had three major drivers: the collapse of Iranian exports, the decrease in US stocks and the depreciation of the dollar
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
The World Energy Council (WEC) has announced that Russia will be the host of the next World Energy Congress held in 2022
Rosneft’s chief executive Sechin expects Brent could reach US$80 a barrel by this year’s end
This year, Kazakhstan has increased oil production 6 percent, gas production 6.4 percent and electricity production 7.3 percent
Industrial investments reached 2.1 trillion tenge (US$6.1 billion) in the first five months of the year, increasing by 44.2 percent
The announcement a few hours after the Putin Trump meeting in Helsinki
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
Plans are underway to complete a $242 million, 100MW wind power plant near the capital
