Russia & CIS Oil & Gas Newswire

Trump's tariff and energy policies threaten US oil value as OPEC increases supply

WASHINGTON (TNND) — The OPEC+ oil cartel said over the weekend that several members will ramp up production for the third consecutive month in another potential hit to a struggling U.S. oil industry that is being hit by low prices and tariffs that have …

OPEC+ production hikes could shake up oil prices

A headline in the New York Times this weekend declared that U.S. energy companies are “battening down the hatches.” Major oil companies are apparently eyeing spending cuts, shutting down rigs and trimming their workforces.  At least part of that seems to …

Trade war and rising oil supplies weigh on crude prices

KUWAIT: Worries over the health of the global economy amid escalating trade protectionism together with an accelerated unwind of OPEC+ output cuts pushed Brent crude to a four-year low of $60/bbl in early May – though prices have risen off their lows. …

Sovcombank: the Central Bank of the Russian Federation will leave the rate at 21%, but will soften the tone

Mikhail Vasiliev, Sovcombank. 02 June 2025 13:58 We expect the Bank of Russia to maintain its key rate of 21% again at its next meeting on June 6 and soften its rhetoric and signal. We believe that the meeting on June 6 will be similar to the previous …

Two Sharp with ET: Tesla skips Make in India | Will OPEC & Russia-Ukraine war drive oil prices up again?

In this episode of Two Sharp with ET, Nisha Poddar breaks down two game-changing developments. OPEC+ has decided to hike oil production for the third straight month, despite Russia’s concerns. This comes at the backdrop of Russia and Ukraine warring …

Market Minute 6/2/25: Markets Wary Amid Rising Russia, China Strife

Stocks are selling off in the early going, while “safe haven” assets like gold and silver are spiking (along with crude oil). Treasuries and the dollar are down. Hopes for détente in the US-China trade war are fading after tit-for-tat charges of violations …

Main US oil contract price surges on geopolitical tensions

by Naharnet Newsdesk 02 June 2025, 16:46 Oil prices rose sharply on Monday amid concerns about Russia's war in Ukraine and Iran nuclear talks, along with market relief that OPEC+ did not increase crude production as much as some had feared. At around …

Ali Pervaiz participates in Baku energy week, meets Azerbaijani President

- Advertisement - ISLAMABAD, Jun 02 (APP): Federal Minister for Petroleum, Ali Pervaiz Malik, participated in the Baku Energy Week in Azerbaijan, reiterating Pakistan’s commitment to strengthening regional energy cooperation. On the sidelines of the event, …

Loading on the Russian Railways network in January-May fell by 7.3%

AK&M 02 June 2025 17:26 Loading on the Russian Railways network in January-May 2025 fell by 7.3% to 465.2 million tons compared to a year earlier. Cargo turnover decreased by 0.8% and amounted to 1049.2 billion tariff tonne-kilometers. This was …

Ukraine and Russia hold talks in Istanbul a day after Kyiv’s stunning drone attacks

ISTANBUL (AP) — Delegations from Russia and Ukraine met Monday in Turkey for their second round of direct peace talks in just over two weeks, although expectations were low for any significant progress on ending the3-year-old war after a string of stunning …

Oil gains ground as Russia-Ukraine tensions stir supply concerns

Crude oil futures staged a rebound on Monday, following heightened geopolitical tensions stemming from the ongoing Russia-Ukraine conflict. Ukraine’s recent drone strikes on Russian air bases have introduced a renewed element of supply risk into the market …

Gas, diesel price hikes set on June 3

Gasoline, diesel prices are set to go up again effective June 3. —NIÑO JESUS ORBETA/REUTERS MANILA, Philippines – Gas and diesel prices are set to go up again on June 3, oil companies said. In separate advisories on Monday, Seaoil, CleanFuel, and …

TVA’s possible coal extensions unravel rationale given for new gas

Roger SmithFlickrCoal plants like the Tennessee Valley Authority's Cumberland Fossil Plant emit large amounts of nitrogen oxides, one of the main ingredients in smog. The Tennessee Valley Authority is considering extending the life of its coal plants.  …

Türkiye buys stake in Caspian gas field as alliance with Azerbaijan grows

Türkiye's state energy company TPAO is joining a major natural gas field off Azerbaijan as a partner, in a deal that will mark a new chapter in bilateral cooperation, Energy and Natural Resources Minister Alparslan Bayraktar announced on Monday. …

Oil jumps 3% after OPEC+ keeps output increase unchanged

LONDON :Oil prices jumped by about 3 per cent on Monday after producer group OPEC+ kept output increases in July at the same level as the previous two months. Brent crude futures climbed by $1.74, or 2.77 per cent, to $64.52 a barrel by 0827 GMT. U.S. West …

Ukraine and Russia teams gather in Turkey for peace talks after launching major attacks

Ukrainian President Volodymyr Zelenskyy called it a "brilliant operation." Meanwhile, Russia on Sunday fired the biggest number of drones — 472 — at Ukraine since its full-scale invasion in February 2022, Ukraine's air force said, in an …

Eight OPEC+ countries confirm July production hike

Eight OPEC+ oil producers have confirmed they will hike production in July, according to their previously agreed plan to unwind 2.2mn bpd in voluntary cuts from April 2025 The eight OPEC+ countries, which previously announced additional voluntary …

Wall Street slides as Russia-Ukraine conflict, OPEC+ production, push oil prices higher

OPEC+ Confirms Oil Output Adjustment, Kazakhstan Quota Set

ASTANA – Kazakhstan, along with seven other OPEC+ countries – Algeria, Iraq, Kuwait, Oman, Russia, Saudi Arabia, and the United Arab Emirates (UAE) – participated in a virtual meeting on May 31 to review global oil market conditions and reaffirm their …

Forbes Article Examines Challenges and Hopes for Nuclear Power After Trump’s Executive Orders 

WASHINGTON, DC, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- Nuclear power could be about to enter a new golden age, Llewellyn King writes on Forbes.com. Regarded as one of the nation’s top energy reporters, King has been writing about …

Solar Cancellation Resource Center (SCRC) Empowers Homeowners Who Have Been Deceived into Signing Costly Solar Contracts

LAS VEGAS, NV, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- For hundreds of thousands of homeowners nationwide, solar panel contracts once seen as a smart investment have become a financial nightmare. Solar Cancellation Resource Center (SCRC …

Alpha Phi Alpha Scholarship named in honor of General Charles McGee for students who pursue STEM degrees at HBCUs

SILVER SPRING, MD, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- Alpha Phi Alpha Fraternity Inc., Iota Upsilon Lambda Chapter in Montgomery County (MD), a demonstrated community service leader and visionary for the establishment of Dr. Martin …

INSURICA’s Ross Set to Become Chairman, Rosenhamer Elevated to President

OKLAHOMA CITY, OK, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- INSURICA, one of the country’s leading commercial insurance brokerage firms, is pleased to announce leadership succession plans becoming effective June 1, 2025. As part of its …

Williams Joins the Gulf of America Alliance Gulf Star Program

Gulf Star investment from Williams will support improved coastal community resilience planning in five communities across the Gulf coast OCEAN SPRINGS, MS, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- The Gulf of America Alliance is pleased …

PayToMe.co Joins NVIDIA Inception to Tackle $46B SMB Finance Problem With AI

NVIDIA Inception supports PayToMe.co’s mission to empower 400M SMBs with real-time payments, compliance automation, and global AI infrastructure. SAN FRANCISCO, CA, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- 🚀 PayToMe.co, an award-winning …

BioVeritas to Speak about Opportunities for Farmers through SAF at TopSoil Summit 2025

Innovative SAF company to detail the benefits of biofuels and SAF to the American farmer and the ag economy BRYAN, TX, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- BioVeritas, LLC., a leading sustainable fuels and biochemicals company redefining …

New Presidency of European electricity industry sets out vision to drive Europe’s clean, competitive and secure future

BRUSSELS, BELGIUM, June 2, 2025 /⁨EINPresswire.com⁩/ -- Today, Markus Rauramo - CEO of Fortum - takes the reigns as President of Eurelectric, the trade association representing the European electricity industry in Brussels. He is joined by Vice-Presidents …

Distributed Control System Market Size To Reach USD 33.31 Billion by 2032, to Grow at a CAGR of 5.58% From 2025 to 2032

Distributed Control Systems Market is expected to expand from USD 21.57 billion in 2024 to USD 33.31 billion by 2032, delivering an increasing CAGR of 5.58%. SAN FRANCISCO, CA, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- Stellar Market …

Oil and Gas Market Outlook 2025–2034: Trends, Growth Drivers, Market Size & Competitive Landscape Insights

The Business Research Company's Oil and Gas Market Outlook 2025–2034: Trends, Growth Drivers, Market Size & Competitive Landscape Insights LONDON, GREATER LONDON, UNITED KINGDOM, June 2, 2025 /⁨EINPresswire.com⁩/ -- The Business Research …

Key Market Driver In Optical Wavelength Services Industry 2025: The Surge In Internet Users Fuels Growth

The Business Research Company's Key Market Driver In Optical Wavelength Services Industry 2025: The Surge In Internet Users Fuels Growth LONDON, GREATER LONDON, UNITED KINGDOM, June 2, 2025 /⁨EINPresswire.com⁩/ -- The Business Research Company …

Global Floating Solar Panel Market Forecast 2025-2034: Analyzing Growth Drivers, Market Share, Segments, And Trends

The Business Research Company’s Floating Solar Panel Global Market Report 2025 – Market Size, Trends, And Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, June 2, 2025 /⁨EINPresswire.com⁩/ -- In recent years, there has been an …

Global Fluid Power Equipment Market Growth: Projected to Reach $47.6 Billion by 2029 with an Impressive 8.1% CAGR

The Business Research Company’s Fluid Power Equipment Global Market Report 2025 – Market Size, Trends, And Forecast 2025-2034 LONDON, GREATER LONDON, UNITED KINGDOM, June 2, 2025 /⁨EINPresswire.com⁩/ -- The fluid power equipment market has shown …

New Season of Cleantech Forward Podcast Drives the Conversation on Clean Transportation

VANCOUVER, BRITISH COLUMBIA, CANADA, June 2, 2025 /⁨EINPresswire.com⁩/ -- Foresight Canada announces the launch of a new season of its acclaimed Cleantech Forward podcast, focused on the evolution of clean transportation in British Columbia. This …

Allstream Insiders: News for All Streams Brought Together with Leading EPC Events and Shows Across the USA

Energy Projects Events and News by Allstream Energy Partners Distribution Channel - Allstream Insiders HOUSTON, TX, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- Allstream Insiders, a newly formed digital magazine dedicated to promote the …

Lloyd’s Register, CoolCo & HD HMS deliver sub-coolers for LNG reliquefaction retrofit on LNG Carrier Kool Glacier

The project has improved chartering competitiveness, minimised cargo losses from boil-off, and reduced greenhouse gas emissions for CoolCo. SOUTHAMPTON, UNITED KINGDOM, June 2, 2025 /⁨EINPresswire.com⁩/ -- Lloyd’s Register (LR), Cool Company Ltd. …

Access Fixtures Launches New and Improved Field Configurable Indoor Riding Arena Lighting Packages

Indoor riding arena lighting packages with selectable wattage and Kelvin, offering low glare, high performance, and durable, field-configurable fixtures. WORCESTER, MA, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- Access Fixtures, a leader …

Bracane Company Earns Ecovadis Silver Medal for Sustainability Excellence

Ranked Among Top 15% of Companies Globally, Underscoring Bracane’s Commitment to Environmental Stewardship, Social Responsibility, and Ethical Governance PLANO, TX, UNITED STATES, June 2, 2025 /⁨EINPresswire.com⁩/ -- Bracane Company, Inc., a …

Eos Energy Enterprises Announces Participation in Upcoming Investor Event

EDISON, N.J., June 02, 2025 (GLOBE NEWSWIRE) -- Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and …

Diaz onshore windfarm will produce energy for 6% of Namibia's energy consumption avoiding 200,000 tons of CO₂ emissions

The lifting and installation of the WTGs at the Diaz windfarm was performed by modules including towers, nacelles, generators and blades from 6 to 90 tons. LüDERITZ, NAMIBIA, June 2, 2025 /⁨EINPresswire.com⁩/ -- The new Diaz onshore windfarm will be able …