Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview. “Reserves accumulated Continue Reading
Gazprom chairman Alexey Miller told Russian president Vladimir Putin in a working meeting that design and survey work on the 50 billion cu m/year Power of Siberia 2 natural gas Continue Reading
Wildfires in Siberia have been releasing record amounts of greenhouse gases, scientists say, contributing to global warming. The fires, fuelled by abnormally high temperatures, have been burning as far north Continue Reading
Russia’s finance ministry is hoping to pass a law amending the excess profit tax for oil fields as early as this fall, despite open opposition from oil companies warning of Continue Reading
Russia’s central bank has warned that crude oil prices could slump to $25 in its risk scenario for monetary policy over the next three years, TASS reports . That scenario, Continue Reading
Russia’s natural gas monopoly Gazprom has increased its natural gas supply to China via the new pipeline Power of Siberia in July and August, compared to June, a senior Gazprom Continue Reading
Russian gas producer and LNG exporter Novatek is looking into the viability of commercial hydrogen production from methane, its CFO Mark Gyetvay said Sept. 8. Receive daily email alerts, subscriber Continue Reading
The OPEC+ deal, concluded in April amid falling global demand, may lead to a double-digit decline in Russian crude oil production for the first time in more than 25 years. Continue Reading
Russia complied nearly 100 percent with its share of oil production cuts in August as per the OPEC+ deal, Russian Energy Minister Alexander Novak said on Monday. Independent assessments about Continue Reading
London — Receive daily email alerts, subscriber notes & personalize your experience. Register Now Domestic deliveries of crude oil to Russian refineries are set at 19.155 million mt in September, Continue Reading
Chancellor Angela Merkel does not rule out the possibility of sanctioning a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic Continue Reading
Germany has raised the stakes further regarding its position on the almost complete Nord Stream 2 gas pipeline from Russia following the poisoning of Russian politician Alexei Navalny. Not registered? Continue Reading
Russia sees oil prices averaging $50 to $55 a barrel in 2021 as the development of Covid-19 vaccines spurs an economic recovery, said Energy Minster Alexander Novak. That would be an Continue Reading
The European Union will likely impose new sanctions on Moscow over the poisoning of Russian opposition leader Alexei Navalny, but not straight away to give time to uncover the culprits, Continue Reading
Angela Merkel is facing intense pressure to scrap the Nord Stream 2 gas pipeline project, which will transport gas from Russia to Germany, to punish Moscow over the poisoning of Continue Reading
Russia’s largest oil producer, state-controlled Rosneft, said on Thursday in response to a media report that it does not ship petroleum products to North Korea and does not do any Continue Reading
Russia will propose to OPEC+ to react to the recovery in global oil demand, which has now reached 90 percent of the levels seen before the pandemic, Russia’s Energy Minister Continue Reading
A European response that involves the Nord Stream 2 gas pipeline is needed against Russia after the poisoning of Kremlin critic Alexei Navalny with a Soviet-style Novichok nerve agent, some Continue Reading
Earlier this month, President Maduro said he would be the first to get vaccinated Venezuela’s President Nicolás Maduro has announced he will be asking for volunteers to test the Covid-19 Continue Reading
It would be better for Russia if oil prices were higher than $46 a barrel, Russian President Vladimir Putin said on Thursday. In an interview with Russian TV channel Rossiya, Continue Reading
On Europe’s periphery, tensions involving an array of competing countries are rising. The brewing crisis in Belarus has sparked fears of an armed Russian intervention. And a standoff in the Continue Reading
Russia produced more crude oil than Saudi Arabia in June, beating it to the second place of the largest oil producers in the world, behind the number-one producer, the United Continue Reading
An S&P Global Trucost analysis has shown that projects furthest North in Russia, including Yamal LNG, the Bovanenkovo gas field, and the Prirazlomnoye oil field are likely to have the Continue Reading
Russia is complying 100% with the OPEC+ production cut quota, according to Alexander Novak, who spoke to Rossiya-24 television on Wednesday, Russian news agency Tass reported. “We are at a Continue Reading
Russia’s seaborne crude oil exports are trending lower so far in August compared to July, but with Russia ramping up production with the easing of the OPEC+ cuts, this summer’s Continue Reading
A stocky blue 980-foot-long tanker named Christophe de Margerie sailed from Russia’s far-north Yamal Peninsula to the Bering Strait near Alaska in May, two months before such ships usually pass Continue Reading
Russia’s ambitious LNG plans have so far based on two producing assets – the Gazprom-operated Sakhalin LNG and the NOVATEK-operated Yamal LNG. The addition of Yamal LNG into its portfolio Continue Reading
A giant wind farm being developed off the coast of the U.K. will sell some of its power to energy trader Danske Commodities A/S. Under the 15-year deal, the subsidiary of Equinor ASA will Continue Reading
Russian oil companies reported lower refinery throughput in Q2 due to reduced demand for oil products. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Motor fuel Continue Reading
Russia’s Gazprom saw its international gas sales in the second quarter slide by 17% year on year to 44.9 Bcm, according to an analysis of data published late Aug. 13 Continue Reading
Russia’s health minister (l) has rejected widespread scepticism over the vaccine programme Russia has dismissed mounting international concern over the safety of its locally developed Covid-19 vaccine as “absolutely groundless”. Continue Reading
Russia registered the world’s first Covid-19 vaccine, President Vladimir Putin said, marking a milestone in the fight against the new coronavirus but amid safety concerns in the West over the Continue Reading
Russia has become the first country to grant regulatory approval to a vaccine against Covid-19, with mass production and immunisation of key workers to begin in the next few weeks. The Continue Reading
Central now to Russia’s hydrocarbons-related power is its Arctic sector oil and gas reserves. These comprise over 35,700 billion cubic metres of natural gas and over 2,300 million metric tons Continue Reading
Russian vaccine has yet to complete clinical trials but works ‘effectively enough,’ President Putin said. A Russian health care regulator has become the first in the world to approve a Continue Reading
Russian President Vladimir Putin declared victory in the global vaccine race Tuesday, announcing that the country has become the first to approve a coronavirus vaccine and that his own daughter Continue Reading
Russia exported 1.078 million tons of fuel oil to the United States last month, equal to more than 7 million barrels, Reuters has reported , citing data from traders and Continue Reading
The Russian government official sounded concerned in comments to Sergei Furgal, the governor of a province in Russia’s Far East: “Your rating is going up, and the president’s is falling.” Continue Reading
Russian gas supplies to Europe fell to a new 2020 low in July, with exports dropping to just 9.6 Bcm, an analysis of data from S&P Global Platts Analytics and Continue Reading
In Russia’s Dagestan region, the official coronavirus figures started to seem suspicious to residents back in April. The mountainous republic in the North Caucasus region along the Caspian Sea was Continue Reading
Russian oil companies pumped 16 percent less oil last month than a year earlier, government data reported by Interfax showed. At 39.63 million tons, Russia’s average daily output for July Continue Reading
Russia’s finance ministry is looking to raise as much as US$1.93 billion (143 billion Russia rubles) in taxes from the oil industry over the next two years, as the oil Continue Reading
Despite recommendations by the authorities, Russian refineries are not expected to raise runs significantly in August. The Russian energy ministry has urged oil producers to send additional volumes to domestic Continue Reading
Russian oil and gas condensate production increased to 9.37 million barrels per day (bpd) in July, Interfax news agency reported on Sunday, citing energy ministry data, indicating it missed its Continue Reading
Russia slightly increased its oil production in July, ahead of OPEC+ plans to start easing record supply cuts starting this month. The nation’s producers pumped 39.63 million tons of crude and Continue Reading
Russian crude and condensate production totaled 39.63 million mt, equivalent to around 9.37 million b/d, in July, up 0.4% month on month, and down 16% year on year, according to Continue Reading
Rosneft has discovered oil in a new field in Western Siberia, with reserves estimated at 20 million tons of crude oil (146.6 million barrels) and some 1 billion cubic meters Continue Reading
Russia’s health minister is preparing a mass vaccination campaign against the novel coronavirus for October, local news agencies reported on Saturday, after a vaccine completed clinical trials. Health Minister Mikhail Continue Reading
Thousands of people marched in the Russian far eastern city of Khabarovsk on Saturday for the fourth weekend in a row, protesting at President Vladimir Putin’s handling of a local Continue Reading
Russia’s ongoing efforts to stretch Crimea’s dwindling water supplies will only slightly delay the need to permanently fix the region’s insufficient water resources by either funding expensive infrastructure overhauls, or Continue Reading
