The award and a grand in the amount of 1 million rubles for the continuation of research to the young scientist was presented by President of the Global Energy Association Igor Lobovsky.

Moscow hosted a rating results presentation ceremony within the Common Sense project.

The decision by Opec and its non-Opec partners to extend their output cut deal by another nine months to the end of 2018 will attract more US crude to Asia-Pacific in the coming year, especially medium sour US grades.