An irrigation canal in Crimea runs dry without access to the North Crimean Canal. Russia’s annexation in 2014 has since severed the peninsula’s access to crucial Ukrainian water flows. View Continue Reading
A Russian move to size up offshore oil and gas potential in the Antarctic may not signal the start of a rush to develop the world’s last great wilderness, but Continue Reading
Russia is in no rush to announce its position on additional cuts proposed by OPEC, as nothing urgent is happening in the oil market and there are two more weeks Continue Reading
Despite the uncertainty on the oil market amid the coronavirus outbreak, there is a common understanding among the OPEC+ coalition that ministers do not need to move forward their meeting Continue Reading
Just one day after the United States slapped sanctions on Rosneft’s subsidiary Rosneft Trading, oil trader Trafigura has announced that it will disentangle itself from the sanctioned company by mid-May Continue Reading
Crude oil futures were largely steady in mid-morning trade in Asia Wednesday after the US imposed sanctions on Russian oil major Rosneft Tuesday. Receive daily email alerts, subscriber notes & Continue Reading
The US imposed sanctions on Rosneft Trading SA, the Geneva-based subsidiary of the Russian state oil company, on Tuesday for supporting Venezuela’s oil sector by continuing to trade with sanctions-hit Continue Reading
Historically, Russia goes to great lengths to hide or disguise its strategic intentions but it clearly feels empowered enough in the Middle East to very obviously stake its claim in Continue Reading
The oil industry’s drive to show investors and the world that the sector is taking climate change seriously has reached the largest Russian oil producer, state-controlled Rosneft, which has just Continue Reading
Last year, Russia set a goal to quicken its economic expansion — to grow faster than the world as a whole — as a way to secure the country’s position Continue Reading
