G7 finance ministers to discuss Russian oil price cap on Friday

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The finance ministers of the G7 countries will discuss on Friday an initiative to introduce a ceiling on Russian oil prices, John Kirby, coordinator of the US National Security Council for strategic communications, said at a briefing on Wednesday. “The President (Joe Biden – ed.) and the leaders of the G7 countries have instructed their … Read more

The level of occupancy of gas storage facilities in Germany exceeded 76%

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BERLIN, 15 Aug – The filling rate of German gas storage facilities has exceeded 76%, and the goal of filling up to three-quarters by September 1 has been achieved, informs Federal Network Agency. Germany has previously adopted legislative amendments that oblige gas storage operators to fill them by 95% by November. According to the new … Read more

Brent oil prices fell by almost five percent to $93.3 per barrel

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MOSCOW, 15 Aug – World oil prices accelerated the fall to 5%, according to trading data. As of 2:33 pm Moscow time, the price of October futures for Brent crude fell by 4.94%, to $93.3 per barrel, September futures for WTI – by 4.92%, to $87.56. Minutes earlier, prices for this type of raw material … Read more

Afghan Minister of Industry and Trade: Kabul wants to negotiate with Russia on oil supplies by barter

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Afghanistan is interested in reaching an agreement on the supply of Russian oil by barter if Moscow is interested in Afghan goods, Minister of Industry and Trade of the republic Nuriddin Azizi said in an interview with RIA Novosti. “The most important thing for us would be the oil and gas project. We would also … Read more

Afghan authorities announced their intention to buy about a million barrels of oil from Russia

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MOSCOW, 15 Aug — Kabul plans to buy about a million barrels of oil from Moscow, Afghan Industry and Trade Minister Nuriddin Azizi said. “We have offered Russia about a million (barrels. – Approx. ed.), if she can send more, then this is not a problem,” he said. The Minister added that the oil and … Read more

Hungarian Origo called the stoppage of oil transit through the “Druzhba” blackmail from Kyiv

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The Hungarian portal Origo, describing the situation with the stoppage of oil transit through the Druzhba pipeline to European countries, called this step blackmail by Ukraine. According to the publication, the conflict in Ukraine entered a new phase after “Kyiv tried to blackmail European countries by blocking the Druzhba oil pipeline.” “President Volodymyr Zelensky’s goals … Read more

Ambassador of Bangladesh to Moscow announces work to overcome sanctions against Russian oil

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Bangladesh is trying to negotiate with Moscow on the supply of Russian oil, despite the sanctions, Bangladesh Ambassador to Russia Kamrul Ahsan told RIA Novosti. “Now we are trying to draw Russia’s attention to ourselves. Here, Russia is helping us build a nuclear power plant, this is a $14 billion project. Gazprom has a contract … Read more