Russian President says if the European Union imposes an oil embargo, Europe will buy energy at the most expensive price and economic activity in Europe will weaken. Rosneft needs to change its business model. Russia will help facilitate settlement an…
Europe's largest economy, Germany, recently activated an emergency plan to manage gas supplies that the natural gas could be rationed if supplies are disrupted or disrupted by a stand-off over Russian demands to pay for fuel in rubles. German Vice-C…
The spread of the novel coronavirus is taking a direct hit on the operations of airlines in Asia. About 500,000 flights taking off and landing in mainland China have been canceled since January, according to aviation information company Cerium. Touri…
Gazprom recently said it had completely suspended gas supplies to Bulgarian Gas company and Polish Oil and Gas Company (PGNiG) because it was not being paid in rubles. Russia said it would resume gas supplies after it agreed to pay for them in ruble…
Recently, on Sinopec's annual results teleconference, the company representative answered questions about the oil prices, and said that the future trend of oil prices is still very uncertain, and it is expected to be around $100 this year and $85 nex…