Energy

‘Like mafia’: US tramples over European sovereignty in bid to stop Nord Stream 2, EU must FIGHT BACK – German MP to RT

Washington’s desperate attempts to stop the construction of the Nord Stream 2 gas pipeline linking Russia and Germany resemble mafia methods, senior German parliament member, Klaus Ernst, told RT, calling on the EU to fight back. “Their actions resemble those of a mafia,” Ernst told RT Deutsch on Wednesday, speaking about the renewed threats of […]

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German Businesses Pen Letter to Democrat Lawmakers Urging US to Lift Sanctions on Nord Stream 2

Washington already imposed sanctions on the Russian-German energy project late last year, tacking them on to the US National Defence Authorization Act. Now, a bipartisan group of lawmakers from both the House and Senate is reportedly looking to introduce additional restrictions against it before the end of the year. An influential group of German businesses […]

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Mass production of first Russian electric car to start by end of year

After pandemic-related delays, Russia’s first electric car, called the Zetta, is set to enter serial production in late 2020, the country’s Industry and Trade Minister Denis Manturov has revealed. The Zetta will roll off the production line in the city of Tolyatti, one of the major centers of Russia’s automotive industry. The cars will first […]

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Nord Stream 2 Project ‘Will Be Completed’, German Foreign Minister Maas Says

In mid-September, Kremlin spokesman Dmitry Peskov warned against politicising the Nord Stream 2 gas pipeline project, which he said is profitable for both Russia and the EU. The statement came amid Berlin’s threats to freeze the project due to Moscow’s alleged role in the purported poisoning of Russian opposition figure Alexei Navalny.German Foreign Minister Heiko […]

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Pressure on Nord Stream 2 Increased Before Navalny Case, German Lawmaker Claims

In mid-September, German Foreign Minister Heiko Maas said that Berlin does not rule out freezing the Nord Stream 2 project over the alleged poisoning of Russian opposition figure Alexei Navalny. Olga Petersen, a member of the Alternative for Germany (AfD) party, told the Russian daily Komsomolskaya Pravda that the increasing pressure on the Nord Stream […]

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Germany warns US against imposing sanctions on Nord Stream 2, says no country has right to ‘dictate’ its energy policy

German Foreign Minister Heiko Maas has warned the United States not to interfere with the completion of the Russian-led Nord Stream 2 gas pipeline project, stressing that Europe has the right to choose its own energy sources. “Sanctions between partners are definitely the wrong way to go,” Maas said during a joint press conference with […]

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Completion of Nord Stream 2 to Cut Europe Gas Prices by 25%, Consulting Company Says

European prices for natural gas would drop by about one quarter if the Nord Stream 2 pipeline connecting Russia to Germany were completed, the consulting firm Wood Mackenzie said in a report on Friday. “If Nord Stream 2 remains unfinished, European benchmark TTF gas is expected to average about $4 per million British Thermal Units […]

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Customers Turn Down American LNG in Growing Numbers Amid Global Supply Glut, Traders Say

American LNG exports are estimated to have dropped by around a half since January due to a collapse in demand which led to lack of storage space in overseas facilities. Buyers of US-extracted liquefied natural gas (LNG) may cancel up to 60 percent of July orders, as the energy industry is reeling from a global […]

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Will Trump go to war with Iran to save America’s oil industry?

It’s believed that a US-Iran war would disrupt the flow of Middle Eastern oil and, as such, should be avoided at all costs. With US oil futures trading in the negative, has the risk of such a war suddenly become attractive? Last week, nearly a dozen Iranian Islamic Revolutionary Guard Corps Navy (IRGCN) vessels harassed […]

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Forget the oil prices, the whole US dollar bubble is deflating – Peter Schiff 🎞️

The drop in oil prices is likely to be short-lived, veteran stock broker Peter Schiff told RT, since the deflation of the whole US debt bubble and crash of the dollar will make the prices of oil and other commodities bounce up. Decline in demand for oil due to the coronavirus epidemic, further reinforced by […]

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US oil market crashes to NEGATIVE in historic plummet

West Texas Intermediate oil prices have gone negative in a record low for the US benchmark, as the market continues to crater amid the general economic collapse. Vanishing demand and a glut of supply have combined to heavily impact the US benchmark fuel, with prices dropping from $18.27 to close at -$37.63 a barrel on […]

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‘Historic Yet Insufficient’: Goldman Sachs Predicts Crude Prices to Further Dip After OPEC+ Deal

Fresh market data shows that Brent as well as WTI prices briefly rebounded by 1-3 percent in the hours after the OPEC+ talks on Sunday, but then showed a downward trend, which a top Wall Street bank says is likely to continue in the coming weeks. Goldman Sachs has forecast that oil prices will continue […]

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How Record Global Cuts Brokered by Russia, Saudi Arabia, & US Will Affect Oil Market

After days of intense negotiations and video conferences OPEC+ and G20 have sealed a deal aimed at tackling the oil market imbalance. Economic analysts have explained how the newly introduced cuts will affect the market in the short- and medium-term. On Sunday, Russia, Saudi Arabia, and the US struck a deal with the world’s petroleum […]

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Energy insecurity: Trump is a hostage to internal politics and an illusory ‘free market’ in the oil price game

Having bragged repeatedly of America’s energy independence, President Trump must confront the harsh realities of a global oil market no longer able to sustain inefficient US oil producers as he prepares to negotiate with the G20. The global economy struggles to adapt to the one-two punch of reduced oil demand brought on by the coronavirus […]

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New OPEC+ video conference to be held this Sunday, April 12 – reports

The Organization of the Petroleum Exporting Countries and allied oil exporters led by Russia are reportedly set to hold an urgent meeting on Sunday to clinch a last-minute agreement to save the oil market from further tumbling. The virtual meeting is scheduled for 4pm GMT, the Azerbaijan Energy Ministry confirmed to Russian media. The same […]

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