A series of coronavirus outbreaks at Russian oil and gas assets is forcing companies to introduce quarantines and changes to shift patterns, raising the risk that the outbreaks could hit Continue Reading
It was meant to be the day Russians voted to change the constitution to allow President Vladimir Putin to extend his rule until 2036. Instead, Putin spent Wednesday troubleshooting one Continue Reading
The current situation in the oil market with prices plummeting is tough, but the market shouldn’t be judged by a one-day or even a week-long slump, Vladimir Putin’s Press Secretary Continue Reading
The ruble fell more than any other major currency and borrowing costs surged as negative crude prices in the U.S. pointed to a period of unprecedented weakness for Russia’s key export Continue Reading
Russia’s oil producers have been told by the Energy Ministry to cut their production by about a fifth to comply with the new OPEC+ deal starting May 1, said two Continue Reading
Lukoil, the second-largest oil producer in Russia, plans to slash its crude oil production by 18 percent, or by 290,000 bpd, as part of the new OPEC+ production cut deal, Continue Reading
Russia recorded 5,642 new coronavirus cases in the last 24 hours, bringing its nationwide tally to 52,763, the Russian coronavirus crisis response center said on Tuesday. Fifty-one people with the Continue Reading
The increasingly close relationship on multiple levels between Russia and China became obvious to anyone with an interest in such matters last July when the two countries staged their first Continue Reading
Nearly as big as California but served by only a handful of mostly decrepit Soviet-era hospitals, the remote northern Russian region of Komi is a coronavirus petri dish for the Continue Reading
Saudi Arabia and Russia signaled they may be open to further output cuts after the latest OPEC+ deal to curb global oil supplies failed to stem crude’s downward spiral. The two Continue Reading
