Russia Risks Gasoline Price Surge
Although the Russian Government and oil companies suspended the agreement on fixing fuel prices last summer, gasoline rose in price much more slowly in 2019 than in 2018. In November, Continue Reading
Belarusian operator carrying out repair work on Druzhba oil pipeline
Belarusian operator Gomeltransneft Druzhba said Tuesday that it has begun repair work on sections of the Druzhba oil pipeline network between Mozyr and Brest, after a large number of defects Continue Reading
Russia Bets Big On The World’s Least Explored Oil Frontier
When the inaugural Russia-Africa summit was held in October 2019, most industry observers believed that the majority of projects under discussion would not get past the FID stage – in Continue Reading
Why Russia Should Exit The OPEC+ Deal
Having exited the deal, Russia will be able to overcome stagnation in oil production, which threatens to become the longest since Soviet times. Despite a 9 percent decrease, Urals spot Continue Reading
Russia And Turkey Call For Ceasefire In War-Torn Libya
With Putin in Turkey on Wednesday ceremonially launching the much-anticipated offshore pipeline TurkStream, which will supply Russian gas to Turkey and southern Europe, it’s actually events in Libya and Syria Continue Reading
Russia’s Putin, Turkey’s Erdogan Launch TurkStream Gas Pipeline
The Presidents of Russia and Turkey, Vladimir Putin and Recep Tayyip Erdogan, respectively, officially launched on Wednesday the TurkStream natural gas pipeline designed to ship Russian gas to Turkey and Continue Reading
Emerging US-Russia duopoly aids European, UK LNG import record
Intensifying competition between the United States and Russia is driving record-breaking LNG imports into Europe’s most liquid natural gas trading hubs, with the rivals accounting for more than half of Continue Reading
Russia Halts Oil Supply To Key European Transit Hub
Russia has halted oil supplies to Belarus amid a disagreement over tariffs, according to officials at a Belarusian oil refinery in the northern city of Navapolatsak. The officials told RFE/RL Continue Reading
What Peak Oil? Retreating Arctic Ice Opens Vast Reserves to Russian Drillers
According to the ministry, there are huge hydrocarbon reserves hidden under the shallow seas in the area. Only the license area of Khastakh-more in the Laptev Sea might hold about Continue Reading
Why Exxon Won’t Have To Pay Fine For Dealing With Rosneft
Exxon won’t have to pay a $3-million fine the U.S. Treasury Department imposed on the supermajor for doing business with Rosneft amid a growing load of U.S. sanctions against Russia. Continue Reading