Russia was the world’s second-largest producer in the first five months of this year after the United States, data from Rosstat, the state statistics bureau, has revealed. The country produced Continue Reading
Russia on Saturday reported 23,947 new coronavirus cases and a repeat all-time high in the number of deaths related to the virus, at 799. Russia has been in the grip Continue Reading
Pipeline will pump Russian gas to Germany, nearing completion Germany, US have agreed deal to help protect Ukraine interests Merkel says Germany has tools to act if unhappy with Russia Continue Reading
Russia is ready to introduce a ban on gasoline exports as soon as next week amid record-high wholesale prices on the exchange. On Thursday the price for a tonne of Continue Reading
Germany will act to curb Russia’s ability to export energy if Moscow takes aggressive actions against Ukraine or uses energy as a weapon, a U.S. diplomat said of a U.S.-German Continue Reading
524 The Biden administration reached an agreement with Germany on Wednesday that allows for the completion of a controversial natural gas pipeline between Russia and Germany, ending a heated dispute Continue Reading
Highlights Ukraine promised energy transition funds, EU sanctions muscle Platts Analytics expects commercial gas supplies to flow in October US remains opposed, will enforce sanctions on ‘case-by-case’ basis The US Continue Reading
Highlights US, Germany reach deal on mitigating pipeline impact Ukraine President to visit Washington on Aug. 30 ‘No agreement on Ukraine without Ukraine’: Vitrenko US and German measures designed to Continue Reading
Alexander tried three times over 10 days to get his first dose of Russia’s Sputnik V coronavirus vaccine in his home town of Vladimir. Twice, supplies ran out as he Continue Reading
The United States and Germany will take action against Russia if it uses the Nord Stream 2 gas pipeline to harm Ukraine or other Eastern European countries, according to two Continue Reading
Moscow, capital of one of the world’s biggest hydrocarbon exporters, plans to boost the use of electric cars by rolling out a raft of charging infrastructure in the coming years, Continue Reading
The U.S. and Germany have reached an agreement allowing the completion of a controversial Russian natural-gas pipeline, according to officials from Berlin and Washington, who expect to announce the deal as Continue Reading
MOSCOW, July 18 (Reuters) – Russian Deputy Prime Minister Alexander Novak said on Sunday that Russia will raise its oil output in the second half of the year thanks to Continue Reading
Russian President Vladimir Putin told U.S. climate change envoy John Kerry that the two former Cold War rivals have a chance to cooperate in combating greenhouse gas emissions amid efforts Continue Reading
The Court of Justice of the European Union upheld on Thursday a lower tribunal’s ruling which had said that Russia’s access to the OPAL gas pipeline should be limited. The Continue Reading
Rising commodity prices have strengthened the economic outlook of resource-rich countries. Russia is taking advantage of this in a major way, with a particular focus on crude oil and natural Continue Reading
Lukoil sees Mexico as a strategic region for international upstream development Project contains two oil fields with reserves estimated at 564 million boe Lukoil already involved in blocks 10, 12, Continue Reading
The city of Moscow, Russia is halting the purchase of diesel buses for its passenger transport fleet. Starting this year, by the decision of the Mayor of Moscow, we will Continue Reading
There is economic life after the pandemic. While the novel coronavirus hasn’t been vanquished, oil demand has significantly risen in the past couple of months. According to the IEA, by Continue Reading
Russia will be able to keep pace with any easing of OPEC+ production cuts in both the short and medium term, according to analysts including Bank of America Corp. and Continue Reading
Russian gas giant Gazprom (GAZP.MM) said on Monday that gas transportation via the Yamal-Europe pipeline would be suspended from July 6-10 as it undergoes planned maintenance work. Maintenance work on Continue Reading
Russia has introduced tough new restrictions including regional lockdowns and compulsory vaccinations in a belated response to a third coronavirus wave sweeping the country. President Vladimir Putin has rowed back from Continue Reading
Russia has exacerbated a shortage of European natural gas supplies that has driven prices to a 13-year high by quietly limiting top-up sales to customers, according to executives and analysts. Pipeline Continue Reading
Russia’s largest oil producer, Rosneft (ROSN.MM) , would be able to commission its spare oil production capacity of 300,000 barrels per day within three months, Renaissance Capital analysts said in Continue Reading
Russia’s second-largest oil producer Lukoil (LKOH.MM) plans to invest $3 billion in production of petrochemicals within the next 6 years, TASS news agency quoted the company’s head, Vagit Alekperov, as Continue Reading
A massive methane plume detected earlier this month over Russia stemmed from emergency repairs that forced the partial shutdown of a Gazprom PJSC pipeline, the company said, taking responsibility for Continue Reading
Russia’s oil and gas industry has been the driving force behind its economy ever since the first oil fields were discovered in Tsarist Russia at the end of the 19 Continue Reading
Much of Russia’s Far East is so vast and remote that it’s mostly been left to the bears, wolves and rare breed of tiger that live there. Now the Kremlin wants to Continue Reading
Russia’s capital has ordered workers to remain at home this week and reopened several makeshift coronavirus hospitals after cases of Covid-19 surged to the highest levels this year. The additional vacation Continue Reading
Two commodity trading giants are betting big on a Russian oil project in a rare move that could make or break the oil traders’ fates – and oil market observers Continue Reading
Ukraine is prepared to take legal action against Gazprom to unblock natural gas supplies from central Asia, a move that could ensure it has sufficient domestic supply and transit revenues Continue Reading
Given the U.S.’s broad scaling-down of its on-the-ground operations in the Middle East over the past five years, a specific function of which is ExxonMobil’s intention to sell its stake Continue Reading
The debate about emissions reduction and the path forward for oil companies moved to a whole new level since the International Energy Agency (IEA) dropped last month the bombshell report Continue Reading
The logo of the Nord Stream 2 gas pipeline project is seen on a pipe at the Chelyabinsk pipe rolling plant in Chelyabinsk, Russia, February 26, 2020. REUTERS/Maxim Shemetov/File Photo/File Continue Reading
Russia was close to complying 100 percent with its oil production quota under the OPEC+ deal in May, Russian Deputy Prime Minister Alexander Novak said on Friday. “It will be Continue Reading
Igor Sechin, the head of Russian oil major Rosneft, said on Saturday the world was facing an acute shortage of oil due to underinvestments amid a drive for alternative energy. Continue Reading
Russia’s Lukoil would be “happy” to return to talks on its Iranian oil projects, which were at an advanced stage, once US sanctions on the Middle Eastern country are lifted, Continue Reading
Russian oil producer Gazpromneft (SIBN.MM) has agreed with gas producer Novatek (NVTK.MM) to set up an Arctic offshore joint venture and will together develop the North-Vrangelevskiy area, the companies said Continue Reading
Living the seventh year of sectoral sanctions that target its prospective oil and gas projects, Russia has grown accustomed to living under pressure. Sanctions have made it much more difficult Continue Reading
Highlights Gas pipeline project ‘not business driven,’ says former ambassador Petition submitted to German parliament calling to halt project The German national security adviser Jan Hecker will meet his US Continue Reading
A bulldozer moves piles of coal at the Osinnikovskaya coal mine in Osinniki, Russia. European governments are drawing up plans to phase out coal, U.S. coal-fired power plants are being Continue Reading
Trading houses positioning for China demand Import tax on LCO may shift China’s demand to gasoil Premiums of Russia’s ESPO Blend crude rose to multi-month highs in the current month Continue Reading
Global oil deficit is currently seen at around 1 million barrels per day, Russia’s deputy prime minister Alexander Novak told reporters on Wednesday. He added that the Organization of Petroleum Continue Reading
Moscow Mayor Sergei Sobyanin on Friday lamented how few residents had chosen to get vaccinated against COVID-19 despite free and easy access to shots since January, a rare admission by Continue Reading
Highlights Site to include 13 million mt/year Baltic LNG facility Some 18 Bcm/year to enter the Russian gas network Site also to produce 3 million mt/year of polymers Russia’s Gazprom Continue Reading
The oil market is fairly balanced at present with demand slightly exceeding supply, Russia’s Deputy Prime Minister Alexander Novak told reporters on Wednesday. Russia, as OPEC’s key partner in the Continue Reading
Maxim Shemetov Russia’s deputy foreign minister said on Wednesday that if the United States waived sanctions on the company in charge of construction of the Nord Stream 2 pipeline, that Continue Reading
Second year into the pandemic-triggered limbo, many statements that would have seemed quite uncontroversial before COVID pummeled Europe’s energy markets today might seem questionable. Before 2020, Russia was the leading Continue Reading
Mikhelson sees ‘year-round’ NSR navigation in 2023/2024 Russia’s Novatek plans to start up the third train at its 19.8 million mt/year Arctic LNG 2 project in 2025, CEO Leonid Mikhelson Continue Reading
Several of the world’s largest oil-producing nations have recently made public plans to boost their production capacity. The reason: peak oil demand is looming and countries are determined to make Continue Reading
