Putin’s $40 Oil Lie
Much has been made of President Vladimir Putin’s recent claim that crude oil prices are acceptable at present levels, and the Russian economy could even weather $40 per barrel. Many Continue Reading
OPEC, Russia nearing accord on long term oil supply coordination: Nikkei
OPEC and other producers including Russia are in final talks for an agreement, that may be signed in early July, to cooperate on oil supplies on a long-term basis, Japan’s Continue Reading
Trump Threatens Germany With Sanctions Over Gas Pipeline Support
President Trump continued his relentless offense against Russian gas in Europe this week by threatening to slap sanctions on Germany for its equally relentless support of the Nord Stream 2 Continue Reading
Russia Pushes Back Against “Freedom Gas”
So far this year, Russia has been flooding the European markets with an oversupply of natural gas despite the fact that the glut is pushing natural gas prices lower. Booming Continue Reading
Business and pleasure: how Russian oil giant Rosneft uses its corporate jets
(Reuters) – Jets used for corporate travel by Russian state-owned oil major Rosneft flew at least 13 times to Mallorca, Ibiza, Sardinia and the Maldives when CEO Igor Sechin or Continue Reading
Putin’s $40 Oil Lie
Much has been made of President Vladimir Putin’s recent claim that crude oil prices are acceptable at present levels, and the Russian economy could even weather $40 per barrel. Many Continue Reading
Russia says still a risk of excessive oil output, sharp price fall
There is a still a risk that oil producers pump out too much crude and prices fall sharply, Russia’s energy minister said on Monday, suggesting Moscow might support an extension Continue Reading
Russian Energy Minister: Oil Could Still Drop To $30
There is a risk that oil prices could drop to as low as $30 a barrel because OPEC and its Russia-led allies could produce more oil by the end of Continue Reading
Saudi Aramco Offers To Buy Into Russia’s Arctic LNG 2 Project | OilPrice.com
Saudi Arabia’s oil giant Aramco has offered to buy a stake in Russia’s liquefied natural gas project Arctic LNG 2 and hopes that project operator Novatek will accept the offer, Continue Reading
Russia sees too many uncertainties in oil market to commit to further cuts: Novak
Russia is not ready to commit to further production cuts under an OPEC/non-OPEC supply accord, with the oil market facing many uncertainties in the months ahead, the country?s energy minister Continue Reading