Vagit Alekperov, the chief executive of the second-biggest Russian oil producer, Lukoil, expects OPEC and its Russia-led non-OPEC partners to decide next March whether to roll over the production cuts through Continue Reading
Russia needs to discuss with its OPEC partners the exclusion of gas condensate from its cap under the OPEC+ production cut pact, as condensate isn’t exported, while it is included Continue Reading
Russian President Vladimir Putin said Wednesday his country will continue to work with OPEC on stabilizing oil markets despite “minor disagreements.” The current OPEC+ output cut agreement is in place Continue Reading
Highlights Reiterates 2019 output forecast of 556-560 mil mt Russia committed to November output target Moscow — Russian energy minister Alexander Novak said Wednesday he wants new volumes of gas Continue Reading
How deep into the ground do we have to go to tap the resources we need to keep the lights on? How deep into the ground are we able to Continue Reading
Russia expects to increase its crude oil exports by around 400,000 bpd-500,000 bpd to more than 5.6 million bpd within five years, Energy Minister Alexander Novak said in an article Continue Reading
Russian Sibanthracite Group is looking to replace Australian coal as it boosts its export infrastructure to meet growing coal demand in Asia, an executive said Friday. That came as the Continue Reading
Just a couple of months after it announced it will move ahead with a plan for emission reduction, Russia has abandoned the plan, under pressure from businesses that face steep Continue Reading
Venezuela’s state-held oil firm PDVSA has cut its outstanding debt to the largest Russian oil producer, Rosneft, to below US$1 billion, Russia’s oil giant, one of the few companies still Continue Reading
Russian refineries processed 24.156 million mt of crude in October, up 2.9% year on year and up 2.7% from September as refinery maintenance draws to a close, according to energy Continue Reading
