Section: Energy
Oil prices rise on output cuts, but U.S. stockpiles drag
Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.S. crude inventories continued to drag, according to Reuters. The Organization of the Petroleum Exporting Countries (OPEC) and other oil producers reached an agreement last year to cut...
Little-known firm acquires Russia license to produce gas in occupied Crimea – media
A little-known privately owned oil and gas company, LLC Novye Proekty (New Projects), has acquired a Russian license for exploration and production of oil and gas on the Black Sea shelf of Russian-occupied Crimea, according to the Russian newspaper Kommersant. Businessman Anton Dornostup is the company`s chief owner, according to official...
Ukraine`s nuclear energy generating company Energoatom to launch power exports to Poland, Hungary in 2019
President of Ukraine`s national nuclear energy generating company Energoatom Yuriy Nedashkovsky has announced Energoatom`s plans to launch electricity exports to Poland and Hungary in 2019; the electricity will be generated by the second Khmelnitsky Nuclear Power Plant (KhNPP) unit, which is now under construction. ”I believe we`ll manage this...
Oil prices hold steady for third day; eyes on economic data
Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non-OPEC members, according to Reuters. As of 0545 GMT, brent crude LCOc1 was down 11 cents, or 0.2 percent, at $55.90 a barrel, with a firmer dollar, unchanged against...
Ukraine still has over 8 bcm of natural gas in stock
Gas stocks in Ukraine`s underground storage facilities shrank by 1.8%, or 154 million cubic meters (mcm), to 8.232 billion cubic meters (bcm) February 25 through March 4, from 8.386 bcm, according to the operator of the Ukrainian gas transport system, state-owned company Ukrtransgaz. On March 4 alone, 16.51 mcm was taken from the underground...
Oil falls on lower China growth targets, doubts on Russian output curbs
Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing concern over Russia`s compliance with a global deal to cut oil output, according to Reuters. But worries over escalating violence in the Middle East put a floor under prices, as...
Energy Ministry`s forecast: Anthracite reserves to shrink by 44% in March
Ukraine`s Energy and Coal Industry Ministry predicts that in March 2017, reserves of deficient anthracite which continues to be supplied exclusively to the DTEK-owned Luhansk TPP as a result of a trade blockade in the ATO zone, will shrink by 43.9%, to 513.100 tonnes, according to the ministry`s website. In general, anthracite reserves in March...
Leader of Donetsk separatists Zakharchenko declares own ”trade blockade” of Ukraine
The leader of the so-called ”Donetsk People`s Republic” (”DPR”) Alexander Zakharchenko on Friday said that the so-called ”DPR” was declaring a blockade of the government-controlled areas of Ukraine. ”We`re cutting all ties with Ukraine, with which we are at war. Indeed, we used to sell coal to get money and pay salaries here. But due to the fact...
Cabinet of Ministers of Ukraine to allocate UAH 200 mln for purchasing protective equipment for miners
The Cabinet of Ministers of Ukraine will allocate UAH 200 million for the purchase of personal protective gear for miners working at Ukrainian mines. The relevant decision was announced by Ukrainian Prime Minister Volodymyr Groysman after visiting mine No. 10 Stepova of JSC Lvivvuhillia in the village of Hlukhiv in Lviv region`s Sokalskiy...
OSCE sees continued coal transportation despite of blockade of trade with Russia-occupied Donbas
The OSCE Special Monitoring Mission to Ukraine (SMM) has said that its observers noted coal being transported in the areas blocked by the Ukrainian activists in the zone near the demarcation line in Donbas. ”The SMM continued to monitor blockades at railway tracks, which cross the contact line. On 26 February, at the Kryvyi Torets station in...
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General Staff operational report August 22, 2023 on the Russian invasion of Ukraine Tuesday, August 22, 2023 - 18:55 (EEST)
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