As the coronavirus pandemic gained pace in Russia this spring, a billionaire steel magnate, Aleksei A. Mordashov, called four regional governors and urged them to lock down the cities where Continue Reading
One of the main reasons why the coronavirus-induced price slump feels so odd is that it is accompanied by a prolonged price war that has simultaneously dropped crude differentials, in Continue Reading
U.S. oil production could decline this year by 2 million bpd-3 million bpd , due to limited storage capacity and low oil prices, Russia’s Deputy Energy Minister Pavel Sorokin told Continue Reading
A gauge of Russian services slumped the most since records began in 2001 in the latest sign that the economy of the world’s biggest energy exporter is falling into a Continue Reading
With the U.S.’s patience wearing thin on its dealings with neighbouring Iran, endemic corruption still prevalent in both the south of the country and in the northern semi-autonomous region of Continue Reading
MOSCOW—What was tipped to be a marque year for Russian President Vladimir Putin is morphing into one of the toughest challenges to his 20-year reign. The novel coronavirus pandemic, plummeting Continue Reading
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite a bit Continue Reading
For most of the post-Soviet period, energy officials in Russia have resisted OPEC entreaties to participate in production cuts to help prop up oil prices, arguing that doing so was Continue Reading
Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, told a Russian television Continue Reading
Russia’s coronavirus outbreak is likely to be far larger than government data suggest, Moscow’s mayor has warned, as a surge in confirmed cases makes the country the world’s seventh most Continue Reading
