Russia Is Ready To Open The Taps
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 Is Seen Able to Boost Oil Output Quickly If OPEC+ Agrees
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
Gazprom plans July 6-10 maintenance on Yamal-Europe gas pipeline
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 on the back foot as third Covid wave surges
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
Russian supply curbs exacerbate squeeze on European gas market
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
Rosneft could commission 300,000 bpd output in 3 mths -analyst
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 Lukoil to invest $3 bln in petrochemicals in 6 yrs, TASS says
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
Russia’s Gazprom Says Pipeline Emergency Caused Giant Methane Leak
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
Russian Drillers Rejoice As Oil Continues To Rally
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
Russia Wants to Use a Forest Bigger Than India to Offset Carbon
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