Russia is banning imports of refined oil products, including gasoline, diesel, and jet fuel, to protect its refining industry from cheap imports, according to a decree published on Russia’s government Continue Reading
The Russian energy ministry expects the global oil market to balance in June or July as a result of rising consumption, as well as the drop in production in OPEC+ Continue Reading
Russia on Sunday reported 153 coronavirus deaths over the previous 24 hours, the epidemic’s highest daily toll, raising total fatalities to 3,541, the country’s coronavirus crisis response centre said It Continue Reading
The economy of the world’s biggest energy exporter is heading for its deepest slump in more than 10 years due to the fallout from the coronavirus. A bigger crisis may Continue Reading
Russian President Vladimir Putin gave his government until June 15 to come up with a plan to support the country’s oil industry while the output is slashed under an agreement Continue Reading
As much as Russia’s dealings with its neighbors are predominantly perceived as an exercise in brandishing the good old “energy weapon”, Moscow has been having a hard time with its Continue Reading
It looks like Russia is really trying to comply with its share of the OPEC+ production cuts this time, unlike in previous deals when it had regularly exceeded its cap, Continue Reading
Russia’s Nord Stream 2 gas link developer has lost its court case against changes that apply EU gas market rules to the EU section of offshore links with non-EU countries. Continue Reading
MOSCOW (AP) — There are no daily public displays of gratitude for Russian doctors and nurses during the coronavirus crisis like there are in the West. Instead of applause, they Continue Reading
It shall not come as a surprise that Russia’s leading oil and gas companies are suffering amidst the market depression brought about by the SARS-COV-2. Most of the companies have Continue Reading
