"Western sanctions have helped deepen Russia-China energy links as Chinese entities have emerged as a source of capital, which in turn has facilitated Chinese financing of the Yamal LNG project as well as the conclusion of the Power of Siberia pipeline," Dr Michal Meidan, director of the China Energy Program at the Oxford Institute for Energy Studies, said.

India and Russia are targeting $30 billion of annual trade by 2025, India’s foreign secretary said on Wednesday as a string of energy deals deepened economic ties between the nations.

Russia's Novatek signed two memoranda of understanding with Indian companies H-Energy Global and Petronet LNG Wednesday on cooperation on LNG supplies and production, on the sidelines of the Eastern Economic Forum in Vladivostok.

The MOU envisages cooperation in LNG supplies to India on a long-term basis, joint investment in future LNG terminals of H-Energy and LNG projects of NOVATEK, as well as establishing a joint venture to market LNG and natural gas from NOVATEK’s portfolio to end-customers in India, Bangladesh and other markets.

Russia will fully comply with its obligations under the OPEC+ agreement in September

“OPEC can no longer ignore Russia because of its importance as an oil exporter and its economy,” said Elina Ribakova, deputy chief economist at the Institute of International Finance in Washington. “The Russians will continue doing just enough to engage with the Saudis on oil production.”

The Sharjah Chamber of Commerce and Industry, SCCI, will be organising the UAE – Russia Forum, from 3rd to 6th September in Russia.

“The Nord Stream 2 company has clearly informed us that it is sticking to the schedule and the budget, and we have no reason to revise the plan in any way today,” he said when asked if a launch at the end of 2019 or early 2020 was realistic.

Profit attributable to owners of PJSC Gazprom amounted to RUB 836,497 million for the six months ended June 30, 2019 which is by RUB 205,693 million, or 33%, more than for the same period of the prior year.

Russian thermal coal production is set to grow over 100 million mt by 2035, as the country looks to invest in new coal infrastructure and focus increasingly on the growing Asia-Pacific region, President Vladimir Putin said in a meeting with heads of coal mining regions last week.

China's July thermal coal imports, including lignite, jumped 20% from 20.44 million mt a year ago to 24.42 million mt,

David Koch, the industrialist and libertarian who used his fortune to transform American politics while also donating more than $1 billion to philanthropic causes, has died. He was 79.

Gazprom’s share was around the average of the past three years, edging down by 1% from the previous year to 32%. But it was the first year-on-year drop since 2014-2015, when it was hit by low gas demand in Europe.

Rosneft, which produces around five percent of the world’s oil, is now taking care of shipping and marketing operations for the bulk of Venezuelan oil exports, ensuring that PDVSA can continue to supply buyers.

Rosneft last week asked buyers to use the euro as the default currency for the first time in a spot tender to sell naphtha