Energy

Austrian Chancellor Speaks Against Tying Future of Nord Stream Gas Link to Navalny Case
MOSCOW - Austrian Chancellor Sebastian Kurz has rejected calls to abandon the Nord Stream 2 pipeline construction after a Russian court jailed opposition activist Alexey Navalny for 3.5 years. "I welcome the German federal government’s decision to stand by Nord Stream 2", Kurz said in an interview with the Welt am Sonntag newspaper, published Saturday. He argued that Nord Stream was a E [...]
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US Troops Not Involved in Guarding Syria’s Stolen Oil, Pentagon Says
In 2019, the US redeployed troops from the Syrian-Turkish border into the war-torn country’s interior, with President Donald Trump admitting freely that the forces were assigned to “take the oil.” Russia estimates that the Pentagon, the CIA, contractors and Kurdish militias make over $30 million a month smuggling the stolen oil out of the country. The US military presence in northea [...]
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Russian Ambassador Notes Austria’s Great Interest in Russian Coronavirus Vaccines Use
VIENNA - The experience of administration of Russian vaccines against COVID-19 is raising a great interest in Austria even though the countries are not currently engaged in specific negotiations, Russian ambassador Dmitry Lyubinsky said, praising the efficacy of the Russian vaccines. "There are currently no negotiations on exact plans related to the potential use of the Sputnik V vaccine in [...]
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US ‘Must Realise’ It Cannot Stop Nord Stream 2 Construction, Oxford Analyst Says
Multi-billion-euro gas pipeline project Nord Stream 2 was put on pause last year after the United States imposed sanctions against firms involved in its construction. The project’s operator said on Saturday that it was planning to resume “the pipe-laying work” this year. American sanctions will not stop the Nord Stream 2 project from being completed, which could happen by the middle [...]
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‘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 US sanctions against the European companies [...]
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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 has written a letter to Democra [...]
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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 be sold on the domestic market, but the initial [...]
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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 Maas has told the media group Red [...]
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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 2 gas pipeline project started before the sit [...]
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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 his Russian counterpart Sergei Lavrov in Moscow, addi [...]
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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 next year. But if the project can be completed as its backers hop [...]
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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 glut caused by the coronavirus pandemic, Bloomberg reports, citing a survey of [...]
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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 a formation of US Navy and Coast Guard ships operating in international wate [...]
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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 the demise of the OPEC+ production cuts agreement, has crashed the US and world markets, se [...]
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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 Monday – down over 300 percent from the previous day’s close. It's the first [...]
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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 to fall in the weeks to come, arguing that a “historic yet insufficient” OPEC+ deal [...]
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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 producers for major oil output cuts in response to a d [...]
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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 pandemic and the Russian-Saudi Arabian price war, which h [...]
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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 time frame was reported earlier by Bloomberg. [...]
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Oil Anger: US Senators Threaten Saudi Arabia With Diplomatic Retaliation Amid Price War – Report
Saudi Arabia, a major strategic ally of the US, has been at the centre of an oil output cut dispute with Russia that unleashed a price war and sent already-volatile crude prices to their 18-year lows. American senators from oil-producing states reproached the Saudi ambassador in a heated phone call and threatened to rethink diplomatic relations with the kingdom, according to their accounts of the [...]
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Donald Trump was Reportedly Okay with Saudi Plan to Squeeze Russia from Oil Market
President Donald Trump last week hinted that the US would wade into the oil price war between Saudi Arabia and Russia at the appropriate time, saying low gasoline prices were good for American consumers despite hurting the industry. US President Donald Trump was quite happy with Saudi Arabia’s plans to oust Russia from certain oil markets by hiking oil production, Politico reports citin [...]
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Why US Better Stay Away From Russia-Saudi Oil Price War
US President Donald Trump used to complain about the high oil prices that came as a result of the OPEC+ agreement, which saw many oil-exporting countries cut crude production. Now, however, is unhappy with the anomalously low price of black gold that is threatening to kill the American shale oil industry. Commenting on the ongoing oil price free fall, US President Donald Trump accused Russia and S [...]
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