... supply. In Venezuela, the potential decline in production will be linked to the tightening of U.S. sanctions. In April, the U.S. Treasury Department refused to extend License 44, which in October 2023 had lifted restrictions on the export of oil and gas from Venezuela and payments to the state-owned PDVSA. In late May, the transition period granted to PDVSA's counterparties to wind down operations expired. The tightening of sanctions could halt the growth in oil production that occurred at the ...

... Production Capacities: Polyethylene Production: BCC is investing significant resources into creating one of the largest polyethylene production facilities in the world, with a design capacity of up to 3 million tons per year. Forbes Integration with the Gas Processing Complex: The project involves a close connection with the Ethane-containing Gas Processing Complex (EGPC) in Ust-Luga, ensuring stable raw material supply and enhancing production efficiency. Baltic Chemistry Environmental and Social Projects: ...

... briefly lifted in May but reinstated in August after a price surge due to seasonal demand and oil price hikes. According to Dmitry Gusev, Deputy Chairman of the Supervisory Board of the “Reliable Partner” association and member of the "Russia's Gas Stations" contest advisory board, reopening gasoline exports is justified due to the end of peak demand season and Russian refineries' production capabilities. The government retains the option to reinstate the ban if prices rise. Gusev emphasizes ...

... package against Russia. As for the domestic fuel and energy complex (FEC), the new restrictions will apply to the Nord Stream gas pipelines and the Indian company Nayara Energy Limited. Additionally, tankers that Brussels deems part of the so-called "shadow" ... ... continuation of previous restrictions (189 tankers in the 17th package). "The aim is to complicate the logistics of Russian oil supplies circumventing the price ceiling. However, the real effectiveness depends not on the number of vessels on the list, but ...

... share buyback worth £1 billion, signaling excess capital and management’s confidence in future cash flows. These news supported NatWest stock and generally reinforced trust in the stability of the UK banking sector. Eni S.p.A. – Italian oil and gas giant reported a profit decline but exceeded analysts' expectations. Eni’s adjusted net income in Q2 amounted to €1.13 billion, 25% lower than a year ago due to lower oil and gas prices. Nevertheless, the result was better than forecasts (around ...