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
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
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
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 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 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
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
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
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
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
