Rosneft Sells Venezuelan Assets as Fight With U.S. Grows
Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any U.S. sanctions in an escalating fight between Continue Reading
Russia’s Rosneft Plans to Sell All Assets Related to Venezuela
In an unexpected move, Russian state oil giant Rosneft announced that it would halt all activities in Venezuela and sell all its assets related to activities in the country. “Today, Continue Reading
Kremlin in virus crackdown after Russians rush for ‘long weekend’
A day after President Vladimir Putin announced a nine-day paid national holiday in a bid to stem the spread of Covid 19, hotel reservations in the seaside town of Sochi Continue Reading
Russia’s Plan To Bankrupt U.S. Shale Could Send Oil To $60
As soon as U.S. shale leaves the market, prices will rebound and could reach $60 a barrel, Rosneft’s Igor Sechin said recently. As fate would have it, in what many Continue Reading
Russia calls U.S. sanctions on Venezuela a ‘tool of genocide’ amid epidemic
Russia said on Friday U.S. “narco-terrorism” charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become “a tool of genocide” amid the coronavirus outbreak. The Continue Reading
Putin Exploits Coronavirus to Justify Centralized Russian Power
The coronavirus pandemic has given Russian President Vladimir Putin a fresh opportunity to drive home for worried Russians a recurring theme of his long reign: Western liberal democracies are weak, Continue Reading
Coronavirus: Russia sees no epidemic but starts shutdown
Parks are closing across the country but many Russians are not sure what all the fuss is about Russia is beginning what Vladimir Putin called a “non-working week”, to try Continue Reading
Russian oil, gas output to continue smoothly despite new coronavirus measures
Russian oil and gas producers said Thursday that measures introduced so far to combat the spread of the coronavirus in Russia will not affect oil and gas production and supply. Continue Reading
Russia calls for new enlarged OPEC deal to tackle oil demand collapse
A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also Continue Reading
Russia’s Self-Inflicted Oil Crisis
The timing could not have been worse for Russia to provoke a spat with Saudi Arabia over oil production quotas in early March. Moscow’s decision to withdraw from the OPEC+ Continue Reading
Putin, citing coronavirus, postpones vote on changes to extend his rule
Russian President Vladimir Putin on Wednesday postponed a nationwide vote on constitutional changes that would allow him to extend his rule, saying the health and safety of citizens was his Continue Reading
Why Is Russia’s Coronavirus Case Count So Low?
As the coronavirus continues to spread, Russia may have a hard time tracking people who have caught it at work, on the metro, or from relatives. In the past two Continue Reading
Russia’s Unexpected Advantage In The Oil Price War
While the ruble is now at its lowest level against the dollar in four years, the cheaper ruble has a silver lining for Russia’s oil producers in the oil price Continue Reading
The Cost Of The Oil Price War Is Growing For Russia
Russia’s economy needs about a trillion rubles, or roughly $12.7 billion a month over the next few months to emerge stable from the coronavirus pandemic and the oil price crash Continue Reading
Three Russian car plants to suspend production on COVID-19, lack of components
t least three car plants in Russia plant to suspend operations to prevent the spread of the coronavirus while they also struggle with a lack of components. Volkswagen Group Rus, Continue Reading
Russian official questions Vladimir Putin’s coronavirus data
Russia’s official data showing a low rate of infections caused by the novel coronavirus underestimate the real scale of the disease outbreak in the country, a senior Russian official has Continue Reading
Moscow’s coronavirus outbreak much worse than it looks, Putin ally says
The mayor of Moscow told President Vladimir Putin on Tuesday that the number of coronavirus cases in the Russian capital far exceeded the official figures, as Putin donned a protective Continue Reading
Russian Railways unloads record coal volume in Vladivostok region
The Russian Far East saw the highest ever coal unloading volumes set this week at terminals in the Vladivostok region, Russian Railways said Tuesday. Receive daily email alerts, subscriber notes Continue Reading
Russian Energy Minister Novak Said to Meet Oil CEOs Monday
Russia’s Energy Minister Alexander Novak will meet executives from the nation’s key oil companies Monday as global crude prices hover at their lowest in nearly two decades, according to a Continue Reading
Russia Moves In On European Gas Markets As Oil Prices Crash
Russia sees a silver lining in the oil price collapse—it now believes that the oil price war will help it win the war for natural gas market share in Europe. Continue Reading
Do Saudi Arabia And Russia Really Want To Kill U.S. Shale?
Since 2016, as an informal leader of the 13-strong non-OPEC group, Russia has been instrumental in the pricing of oil as Saudi Arabia, leading producer in the Organization of Petroleum Continue Reading
Russia Won’t Blink First In The Oil Price War
Russia will not be the one to first demand a stop to the oil price war with Saudi Arabia because Russian President Vladimir Putin is unlikely to yield to what Continue Reading
Will Putin Risky Oil Gamble Pay Off?
Every gambler knows That the secret to survivin’ Is knowing what to throw away And knowing what to keep ‘Cause every hand’s a winner And every hand’s a loser And Continue Reading
Putin Won’t Submit to What Is Seen as Saudi Oil-Price Blackmail
Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue. The Continue Reading
Russia Admits Need to Bolster Oil But Does Not Reach Out to OPEC
With oil plummeting near an 18-year low amid unprecedented supply and demand shocks, Russia finally admitted: crude is too cheap. “Of course it’s a low price, we would like to see it Continue Reading
Russia Sees Oil & Gas Income Fall By Almost $40 Billion
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Anton Siluanov said on Wednesday, Continue Reading
Russia Needs Higher Oil Prices, But Won’t Surrender
With WTI crude seeing its third-worst trading day on record, Russia is beginning to feel the squeeze as it sees its oil and gas income tumble while it has to Continue Reading
Russia Scrambles To Save Its Economy As Oil Prices Collapse
Russia, hit by falling oil prices and the coronavirus outbreak , has announced the formation of a $4 billion fund as part of a package of measures to support the Continue Reading
Russia Sees Oil & Gas Income Fall By Almost $40 Billion
Russia’s revenues from oil and gas will be US$39.5 billion (3 trillion rubles) lower than planned, due to the tumbling oil prices, Russian Finance Minister Anton Siluanov said on Wednesday, Continue Reading
Russia bans entry to foreign nationals, closes schools
Russian authorities on Monday banned foreign nationals from entering the country, shut state schools and limited public gatherings in Moscow in an effort to curb the spread of coronavirus. The Continue Reading
Russia’s Top Court Approves Plan Allowing Putin to Stay in Power
Russia’s highest court endorsed President Vladimir Putin’s proposed constitution changes, removing one of the final hurdles to him potentially remaining in power until 2036. Mr. Putin last week backed an Continue Reading
Russia Makes Move On Antarctica’s 513 Billion Barrels Of Oil
Rosgeologia’s seismic surveys and other related work since the 70s to now indicate that there is at least 513 billion barrels of oil and gas equivalent in Antarctica, and Moscow Continue Reading
Oil Gamble Has Upended Putin’s Promise of Economic Revival
Until just a few weeks ago, Russian President Vladimir Putin was promising Russians their stagnant incomes would finally pick up along with the economy this year. But his oil market Continue Reading
Why Didn’t Russia Just Cut Oil Production?
Last week OPEC conducted meetings with a coalition of partners that have worked together to limit oil production since 2016. It was widely reported that the group hoped to come Continue Reading
Saudi Arabia floods markets with $25 oil as Russia fight escalates
Saudi Arabia is flooding markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia, in an escalation of Continue Reading
Russia Takes Aim at U.S. Shale Oil Producers
Russia’s oil-market war with Saudi Arabia is part of a strategic campaign to cripple U.S. shale-oil production, a powerful economic tool that increasingly allows Washington to advance its foreign policy Continue Reading
Russian Oil Giants Prepare For A Production Surge
Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices and even lower, oil executives said after meeting this week Continue Reading
Saudi Arabia Strikes Back At Russia In Key Oil Market
The world’s top oil exporter Saudi Arabia is going after Russia’s oil market share in Europe with deeply discounted Arab Light crude at up to three times the usual volumes, Continue Reading
Exclusive: Russia to OPEC: deeper oil cuts won’t work
This week’s oil price rout had become inevitable and cutting output has ceased to make sense because it is unclear how deep the impact of the coronavirus on demand will Continue Reading
Putin’s Bid to Extend Rule Is Approved by Russia’s Parliament – WSJ
Russia’s parliament gave its final seal of approval to constitutional changes potentially allowing President Vladimir Putin to stay in power for years to come, removing a key source of uncertainty about Continue Reading
Can Russia use Saudi price war to strike a fatal blow on US shale?
A popular post on Russian social media this week depicts Karl Bryullov’s apocalyptic painting “The Last Day of Pompeii”, with Igor Sechin, head of Russia’s biggest oil company, added to Continue Reading
Behind the Russia-Saudi Breakup, Calculations and Miscalculations
It was always a marriage of convenience, whatever the pledges of devotion, but when Russia and Saudi Arabia parted ways late last week after a dispute over oil production, it Continue Reading
Russia Might Not Be Done With OPEC Just Yet
Despite the break-up of the OPEC+ production cut agreement, “the doors aren’t closed” to future cooperation between Russia and OPEC, Russia’s Energy Minister Alexander Novak told local news channel Rossiya Continue Reading
Russia Fires Back: Could Boost Oil Production By 500,000 Bpd
Russia can raise its oil production by 200,000 bpd to 300,000 bpd in the short term, with a potential for up to a total increase of 500,000 bpd, Russian Energy Continue Reading
Russia says it can deal with pain of a Saudi oil price war
Russia said it could withstand low oil prices for as long as a decade, setting the stage for a prolonged battle with Saudi Arabia after talks over further production cuts Continue Reading
Russia says can cope with $25-$30/b oil as ruble hits 4-year low
The Russian government Monday said the domestic economy could withstand oil prices falling to $25-$30/b and that Russia would maintain its share of the global oil market after the ruble Continue Reading
Russia breaks Opec oil alliance as it takes on US shale
Just as the coronavirus outbreak wreaks havoc on the oil market, Russia has spotted an opportunity to hurt rivals in the US shale patch. Moscow’s partner’s in Opec now are Continue Reading
Russia, Turkey agree ceasefire deal for Syria’s Idlib
MOSCOW (Reuters) – Turkey and Russia agreed a ceasefire deal on Thursday in Syria’s Idlib region, their two leaders said after lengthy talks in Moscow to contain a conflict which Continue Reading
Moscow crushes record for warmest winter as milestones are set across Europe and North America
The meteorological winter of 2019-2020 shattered temperature records in Russia and France as well as other parts of Europe and the United States. In Moscow, this was the warmest winter Continue Reading
Russia’s Oil Production Rises Ahead Of OPEC+ Meeting
Russia’s average oil production increased to 11.29 million barrels per day (bpd) in February, up by 3.2 percent on the year and slightly up from 11.28 million bpd in January, Continue Reading