A key to making happen this was reducing perceived political risk so that investors could accept the additional constraint of local content requirements. Although the ECT was always designed to support oil and gas investment, you would not know it fr...

Russian media, citing Gazprom-media, reports that Gazprombank will transfer a 45% stake in MF Technologies (MFT) to Gazprom-Media’s capital. MFT Technologies is a holding company owning a 4.8% economic and 57.3% voting stake in VK (formerly Mail.ru G...

As per provisional data, overall OMC sales in November 2021 were down 12% mom at c.1.75mn tons (up just 2% yoy). Note that price-sensitive motorbikes consume nearly half of the overall petrol sales. HSD sales were down 3% mom (flat yoy) to c.0.8mn to...

OPEC+ stuck to its output increase plan on 2 December but with the proviso that it could immediately react to a significant hit to demand from the Omicron Covid variant. An oil price of cUS$70 (Brent), close to the year-to-date average, approximately...