The under-performing business, with its poor record of corruption, needs to be offloaded, the government of Uzbekistan says.
All five of the Mexican central bank’s board members agreed the slowdown in Mexico’s economy had been larger than anticipated, with “signs of weakness” in the second quarter, minutes from the June 27 monetary policy meeting showed on Thursday.
Russia’s pipeline company Transneft has received a request from Gomeltransneft Druzhba on an unscheduled increase in oil transit tariff by 21.7% starting August 1, though it sees no reason for the move, the company’s spokesman Igor Demin told reporters on Thursday.
…Italian oil firm by a Russian oil company, through intermediaries. The difference, reported by BuzzFeed to be worth an estimated $65m based on fuel prices at the time, was allegedly to be diverted to the…
… LNG cargoes from Qatar and other countries and is expected to become more reliant on shipments of the supercooled fuel as North Sea output declines in the coming years. So far this year the UK has…
…BP’s predecessor was the Anglo-Persian Oil Company. Persia, after its own rebranding as the Islamic Republic of Iran, still matters a lot to the oil major. Iranian gunships have been threatening BP…
The Organization of Petroleum Exporting Countries (OPEC) keeps the estimate of oil demand growth in 2019 at the level of 1.14 mln barrels per day, the Organization says in its July report.
OPEC’s oil production dropped by another 68,000 bpd to 29.83 million bpd in June, as output from Iran and Libya—exempt from the production cut pact—and other members offset large increases in Saudi Arabia and Nigeria.
The Organization of Petroleum Exporting Countries (OPEC) revised the estimate of oil supplies growth for non-OPEC countries downward by 95,000 barrels daily to 2.05 mln barrels per day in 2019 against the background of extended OPEC+ oil production limiting deal, the Organization says in its July report.
There is great potential for boosting economic cooperation between Russia and Bolivia, Russian President Vladimir Putin said at a meeting with his Bolivian counterpart Evo Morales.