Russia’s Rosneft Boss Slams U.S. ‘Energy Colonialism’
The United States is using energy as a political weapon and its ‘golden era’ of energy could turn out to be an ‘era of energy colonialism’ for all other market Continue Reading
World Bank Reduces Russia 2019 Growth Outlook On Oil Cuts
The World Bank reduced its economic growth outlook for Russia for this year because of lower crude oil production, the institution said in a new report on the economy of Continue Reading
Russia’s Novatek inks preliminary deal to market LNG, gas in China
Russia’s Novatek has signed a preliminary deal to create a joint venture with China’s Sinopec and Gazprombank to market LNG and gas to end users in China, Novatek said Wednesday. Continue Reading
Russia-China to discuss growing energy ties amid global trade uncertainty
China’s President Xi Jinping is set to discuss energy cooperation with his Russian counterpart Vladimir Putin during a state visit to Russia this week, with US sanctions and trade disputes Continue Reading
Russia’s oil output falls to 3-year low due to contamination crisis
Russia’s average daily oil output has dropped to a three-year-low after contaminated crude clogged its main export route. Average oil output was 10.87 million barrels per day (bpd) on June Continue Reading
How the oil industry and Russia trivialize the Druzhba pipeline disaster
The Russian government and European oil refineries have reported only sparsely and misleadingly about a big pipeline disaster that has sent customers scrambling for alternative supplies and led to refinery Continue Reading
Russia Is Silently Preparing For An OPEC+ Deal Extension
Russia’s largest oil producer Rosneft is in talks with the government for possible compensation for losses in case OPEC and its Russia-led non-OPEC partners decide to extend the production cut Continue Reading
Russia will keep oil output in June in line with agreements: Novak
Russian Energy Minister Alexander Novak said on Monday Russia would keep its oil production in June in line with a global output agreement. In a statement, he also that Russia Continue Reading
Compensation for Russian dirty oil to be decided by buyers and sellers
Compensation for the contamination of Russian oil in the Druzhba pipeline should be agreed between the buyers and sellers of this oil, Russia’s Deputy Energy Minister Pavel Sorokin told reporters Continue Reading
Russian sanctions response hits energy cooperation: Fuel for Thought
Russia seems to be entering a new stage of sanctions adaptation, building on its growing technological capabilities in energy, as well as access to alternative sources of financing to become Continue Reading