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Dmitry Zhdannikov

Gas tanks are pictured at Austria's largest natural gas import and distribution station in Baumgarten May 2, 2014.  REUTERS/Heinz-Peter Bader/File Photo
BusinessNatural GasNewsPoliticsTrade

Austria’s half-century bond with Gazprom ended by gas seizure, sources say

OMV's seizure of Russian gas to settle an arbitration award ended over 50 years of Gazprom gas flows to Austria.

A view of the logo of Austrian energy company OMV displayed atop a modern glass building.
BusinessNatural GasNewsPoliticsTrade

Russia resells more gas in Europe after cutting off Austria, sources, data show

Russian gas flows to Austria are halted for a second day, but other European buyers snap up unsold volumes.

FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
AnalysisBusinessEconomyFuelIn-DepthOilPolitics

Global oil demand needs to rise faster to absorb OPEC+ hike

Global oil demand growth needs to accelerate or the market will struggle to absorb OPEC+ planned increase, analysts and industry sources say

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