Gazprom’s Hold On European Gas Market Slips
The record stockpile of natural gas in northwest Europe and Italy is eating into the regions’ thirst for Gazprom’s product, according to Reuters, and the Russian gas giant has lost Continue Reading
Russian Company Refuses $2 Billion Government Bill for Arctic Fuel Spill
Russian President Vladimir Putin declared a national state of emergency over 20,000 tons of spilled diesel fuel in Siberia, an action that the government hasn’t taken during the coronavirus pandemic. Continue Reading
Russia Eyes Another Massive Gas Pipeline To China
The Chinese and Russian leadership have over the years intensified political and economic collaboration. Troubling relations with the West in general and the U.S. in particular are increasingly driving Beijing Continue Reading
Russia reports more than 6,500 new coronavirus cases
Russia on Thursday reported 6,509 new cases of the novel coronavirus, pushing its official nationwide tally to 707,301, the fourth largest caseload in the world. The national coronavirus taskforce said Continue Reading
Venezuela’s Oil Riches Are Quietly Falling Under Russian Control
For decades during the Cold War, Latin America was a focal point of conflict between the two superpowers, the U.S. and Soviet Union. While the U.S. emerged victorious after the Continue Reading
Russia’s Nornickel asked to pay $2.1 billion for May diesel spill in Arctic
Russia’s environmental regulator has asked Nornickel to pay Rb148 billion ($2.1 billion) compensation for the damage caused by the May 29 diesel spill at an Arctic power plant. Receive daily Continue Reading
Russia, Germany mull hydrogen partnership to fight climate change
Russian and German businesses have proposed an expansion of energy ties and the construction of a hydrogen production plant, the German-Russian Chamber of Commerce said July 7. Receive daily email Continue Reading
Moscow Backs Russia’s Fastest Moving Energy Company
The COVID-induced recession that has brought oil and gas prices down to levels that are painful enough for most if not all major producers. In Russia the crisis has hit Continue Reading
Rapid Arctic meltdown in Siberia alarms scientists
Alexander Deyev can still taste the smoke from last year’s wildfires that blanketed the towns near his home in southeastern Siberia, and he is dreading their return. “It just felt Continue Reading
Russian Energy Minister: Global Oil Investment To Drop By One-Third | OilPrice.com
Global investment in oil is set to plunge by one-third this year due to the coronavirus and its effect on economies and oil demand, Russia’s Energy Minister Alexander Novak said at an Continue Reading
Russia’s economic crisis is drawing in more desperate families
She still has her dreams: to raise a doctor, an engineer, a military general and an athlete. But as the coronavirus pandemic swept over Russia, bankrupting businesses and families, Yekaterina Gorbunova, Continue Reading
Russians grant Putin right to extend his rule until 2036 in landslide vote: partial results
Russians appeared to have paved the way for Vladimir Putin to stay in power until 2036 by voting overwhelmingly for a package of constitutional changes which will also boost pensions, Continue Reading
Radiation level increase in northern Europe may ‘indicate damage’ to nuclear power plant in Russia
Low levels of radiation spotted in northern Europe may have come from a malfunctioning nuclear power plant in western Russia . Nuclear safety officials from Finland, Norway and Sweden have Continue Reading
Russia Reinforces Foothold in Libya as Militia Leader Retreats
Russia is sending reinforcements to Libya to help military leader Khalifa Haftar, who is on the defensive after a failed effort to topple the country’s United Nations-backed government, as Moscow Continue Reading
Putin Pushes Through Referendum Even as Virus Surges in Russia
Despairing of finding enough beds for patients stricken with the coronavirus, a nurse in the Siberian city of Irkutsk has been forced to begin taking people to a village hospital Continue Reading
Europe Shuns Russia’s Crude Oil As Price Soars
European refiners are shunning Russia’s flagship crude grade Urals, which is now more expensive than Brent Crude after Russia cut its exports as part of the OPEC+ agreement, oil traders Continue Reading
Russia’s Gazprom mulls Power of Siberia capacity expansion to 44 Bcm/year
Russia’s Gazprom is considering, with Chinese partners, increasing the capacity of its Power of Siberia gas pipeline to 44 Bcm/year from the current design capacity of 38 Bcm/year, CEO Alexei Continue Reading
A Wave of Bankruptcies Is Coming to Add to Putin’s Economic Pain
Russia’s $1.6 trillion economy is going to be dealt another blow when a moratorium is lifted on companies filing for bankruptcy. The measure, which was a condition of government pandemic support, Continue Reading
Russian Banks To Finance 200,000 Bpd In New Oil Production Capacity
At least two Russian banks are lending some $6 billion to the oil industry to drill new wells that could add 200,000 bpd to the country’s production quickly. It is Continue Reading
Russian Vote Could Extend Putin Era for Years
Russian citizens are set to begin voting on constitutional changes that could allow President Vladimir Putin to remain in office for years to come, potentially cementing his hold on power Continue Reading
Russia’s coronavirus case tally passes 600,000
Russia on Wednesday reported 7,176 new cases of the novel coronavirus, pushing its nationwide case total to 606,881, the world’s third-highest tally. The country’s coronavirus crisis response centre said 154 Continue Reading
The Real Reason Russia Joined OPEC+
Russia is offering Mohammed bin Salman a slew of beneficial deals in order to lure Saudi Arabia away from the U.S. and into Putin’s sphere of influence. Saudi Arabia is Continue Reading
Oil Demand Could Return To Pre-COVID Levels In 2021
Russia’s Energy Minister believes crude oil demand could fully recover to pre-COVID levels by 2021 This statement came after the head of Russia’s sovereign wealth fund said there was no Continue Reading
Climate Change High Temperatures in Arctic, Siberia
A Siberian town with the world’s widest temperature range has recorded a new high amid a heat wave that is contributing to severe forest fires. The temperature in Verkhoyansk hit Continue Reading
Russian energy ministry expects average oil price of $35/b in 2020: report
Highlights Sees Russian oil, gas companies cutting budgets by 10%-20% Does not see gas prices going negative for sustained period Moscow — The Russian energy ministry expects the average Urals Continue Reading
Climate crisis: alarm at record-breaking heatwave in Siberia
A prolonged heatwave in Siberia is “undoubtedly alarming”, climate scientists have said. The freak temperatures have been linked to wildfires, a huge oil spill and a plague of tree-eating moths. Continue Reading
Gasoline Production At Russian Refineries Drops To 15-Year Low
Gasoline production at Russia’s oil refineries slumped to the lowest level in 15 years in May as the country curtailed crude oil production as part of the OPEC+ deal and Continue Reading
Russian premium gasoline climbs to record high on driving rebound
Russian premium unleaded gasoline 95 RON climbed to a record high on June 18 on the back of a rebound in driving to levels before the coronavirus pandemic took hold. Continue Reading
OPEC+ Cuts Are Weighing On Russia’s Economy
Industrial output in Russia fell last month, largely as a result of the crude oil production cuts that Russian oil companies had to implement following the April agreement by OPEC+ Continue Reading
Russia Nearly Hits OPEC+ Oil Production Cuts Target
The leader of the non-OPEC group of the OPEC+ pact, Russia, is showing an unprecedented commitment to the ongoing record collective production cuts by almost complying with its share of Continue Reading
Putin says Russia’s handling of coronavirus is superior to U.S.
President Vladimir Putin said on Sunday that Russia was emerging from the novel coronavirus epidemic with minimal losses, having handled it better than the United States where he said party Continue Reading
Siberian Black Skies Have Russia’s Dirtiest City Begging for Gas
A Russian city nestled in the vast Siberian forest — 2,000 miles and four times zones east of Moscow — has air so bad that the authorities regularly warn people Continue Reading
Putin’s Fury Over Norilsk Spill May Force Green Reform in Russia
The mishandling of the biggest Arctic oil spill ever infuriated Russian President Vladimir Putin and could give a boost to the country’s environmental regulation. MMC Norilsk Nickel PJSC, Russia’s biggest miner, Continue Reading
Hit Hard by Coronavirus, Russia Joins Global Race for a Vaccine
As the coronavirus continues to spread around the globe, companies and academic labs are racing to develop a vaccine that would help society get back to normal. But there could Continue Reading
Exclusive: Russian hiring of Syrians to fight in Libya accelerated in May
A Russian drive to recruit Syrians to fight in Libya for militia leader Khalifa Haftar accelerated in May when hundreds of mercenaries were signed up, five Syrian opposition sources and Continue Reading
Saudi Arabia and Russia Unite to Tackle OPEC’s Pinocchio Problem
A deal to extend record OPEC+ output cuts was going smoothly — until Saudi Arabia and Russia discovered just how much some of their allies had been cheating. In private conversations, Saudi Continue Reading
Giant Spill in Russia Offers a Glimpse of the Arctic’s Future
Investigators have determined that the leakage of of 20,000 tons of diesel (about 150,000 barrels) from a reservoir at a power plant in Russia’s Far North was caused by damage from thawing Continue Reading
Putin Furious After Major Oil Spill
Following a massive 20,000-ton diesel oil spill last week in the Ambarnaya River, which eventually feeds into the Arctic Ocean, Russian President Vladimir Putin has declared a state of emergency Continue Reading
Russia’s Energy Minister Sees Shortage In Oil Market Next Month
Russia’s Energy Minister Alexander Novak is predicting a shortage in the oil market next month, Ifax reported on Thursday. Novak said that the global oil markets could see a shortfall Continue Reading
Huge Spill Stains Arctic and Climate Change Could Be the Cause
A massive fuel spill in Siberia prompted Russia to declare a state of emergency in the region as the mining company involved said the catastrophe may have been caused by Continue Reading
Saudi Arabia And Russia Agree To Extend Production Cuts
Saudi Arabia and Russia have reached a preliminary agreement to extend the current level of the OPEC+ production cuts by one month, provided that the laggards in compliance ensure over-compliance Continue Reading
Exclusive: Rosneft replaces sanctioned trading arm with new one – sources
Russia’s Rosneft ( ROSN.MM ), which closed its oil trading arm after sanctions were imposed by U.S. authorities in February, has set up a new Geneva-based trading business, four trading Continue Reading
Russia’s Novak sees potential 3-5 million bpd oil market shortage in July: Ifax
Russian Energy Minister Alexander Novak said on Thursday that the global oil market could face a shortage of 3-5 million barrels per day (bpd) in July, depending on a deal Continue Reading
Russia Declares State of Emergency Over Arctic City Fuel Spill
Russia declared a federal state of emergency in the Krasnoyarsk region as pollution from a diesel spill in the Arctic city of Norilsk drew comparisons with the Exxon Valdez accident off Continue Reading
Russia’s Putin declares state of emergency after Arctic Circle oil spill
The leaked diesel oil drifted some 12km (7.5 miles) from the site of the accident Russia’s President Vladimir Putin has declared a state of emergency after 20,000 tonnes of diesel Continue Reading
Russian River Will Take Decades To Recover After Fuel Spill
Some 20,000 tons of fuel and lubricants spilled into an Arctic river near the industrial city of Norilsk and it will take decades for the river, Ambarnaya, to recover, the Continue Reading
Russia Is Quickly Becoming The Most Dominant Force In Energy
Moscow’s oil pricing dispute with the Government of Saudi Arabia, a domestic U.S. oil boom, and a fall in global oil demand since the COVID19 outbreak have damaged Russia’s oil Continue Reading
Trump And Putin Discuss The Future Of The Oil Market
U.S. President Donald Trump and Russian President Vladimir Putin discussed via phone the OPEC+ production cut agreements on Monday, according the Kremlin . The discussions included acknowledgement that the current Continue Reading
Moscow more than doubles city’s Covid-19 death toll
Moscow has been the epicentre of the epidemic in Russia for many weeks Moscow’s authorities have more than doubled the official death toll from Covid-19 in the Russian capital for Continue Reading
Russia’s Top Oil Producer Is Struggling With Output Cuts
Russia’s largest oil producer, Rosneft, is struggling to supply its long-term buyers with crude oil as it has to cut output due to the OPEC+ deal and will find it Continue Reading