... been several concerns raised. It is essential to understand that Hungary and Slovakia also have tools to exert pressure on Ukraine," reflects Igor Yushkov. The head of Hungary's Foreign Ministry assured that Budapest will never give up Russian oil and gas. Hungary, Serbia, and Slovakia hold on to Russian oil because it represents the most profitable option. "Firstly, the refineries are configured for Urals-grade Russian oil. Secondly, any alternative route would incur higher delivery costs, which ...

... announce a new 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 ...

Column by Sergey Tereshkin for the "Oil and Gas Industry" Portal According to data from the U.S. Energy Information Administration (EIA), in the second quarter of 2024, global oil supply exceeded demand by 590,000 barrels per day. By the end of the year, this surplus is expected to narrow ...

... including extending the export ban. However, according to Sergey Tereshkin, CEO of Open Oil Market, the problem can only be solved by significantly increasing the standards... ... production. This explains Rosstat's decision to stop publishing data on gasoline production and the faster price growth of gasoline compared to diesel. Other contributing factors... ... subsidy loss risks. Higher quotas would improve fuel availability for independent gas stations outside VIOCs, boosting retail competition. Large companies’ gas stations...

... deployment of solar and wind stations. The launch of the dual-tower solar power plant in Gansu is a milestone on this path. The project demonstrates the Chinese energy sector's commitment to embracing innovations aimed at reducing dependence on coal, oil, and gas. Historically, Gansu has been a region where a significant portion of electricity was generated from coal-fired power plants. Now, the focus is shifting towards clean energy. Each of these facilities not only directly reduces CO 2 emissions but also ...