Russia’s crude and condensate output was again above its target level under the OPEC+ agreement in November, totaling 46 million mt, equivalent to around 11.24 million b/d, according to preliminary Continue Reading
Russian oil companies prefer to keep their production restriction quotas until March, when the current OPEC+ cuts expire, and discuss an extension then, signaling that Russian producers don’t want deeper Continue Reading
Around 7%-8% of current Russian oil output is condensate: Novak Moscow — Russian energy minister Alexander Novak said Friday it is too early to talk about extending the OPEC+ crude Continue Reading
For yet another month, Russia is producing above its quota under the production cut deal, potentially complicating next week’s OPEC+ meeting set to discuss how to proceed with the pact. Continue Reading
Russia’s largest oil company, Rosneft, has started domestic crude oil deliveries from one of the country’s biggest oilfields, the Russkoye field in the Arctic, just days before Russia and OPEC Continue Reading
Russian energy minister Alexander Novak said Thursday that Russia is preparing calculations to exclude condensate from its OPEC+ quota, but has so far yet to take a decision. We have Continue Reading
Russia’s gas giant Gazprom is rushing to hire an engineering contractor to have an underwater natural gas pipeline, which has broken off the seabed in the Arctic, fixed, Russian news Continue Reading
A reawakened Russian bear is seeking to reassert the former superpower’s clout by extending influence in Eastern Europe, the Middle East and Latin America . This has seen Putin’s administration Continue Reading
Moscow — The Nord Stream 2 gas pipeline directly linking Russia and Germany via the Baltic will come online in the middle of 2020, Russian Deputy Prime Minister Dmitry Kozak Continue Reading
Vladimir Putin has spent his week cozying up to the Organization of Petroleum Exporting Countries (OPEC) and dissing the United States’ oil industry, dismissing shale oil production as a “barbaric” Continue Reading
