Russia Finally Brings Oil Production Below OPEC+ Cap
A month before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in Continue Reading
Russian deputy PM says Transneft to compensate all parties for dirty oil damages
Russia’s Deputy Prime Minister Dmitry Kozak said on Thursday Russian oil pipeline monopoly Transneft would provide compensation to all parties that could prove real damages from contaminated oil. Russia halted Continue Reading
Exclusive: Kazakhstan to seek damages from Transneft for tainted oil loaded in Ust-Luga
Kazakh oil flowing via Russia to be loaded on tankers at the Baltic Sea port of Ust-Luga has been contaminated and Kazakhstan plans to seek compensation from Russian pipeline monopoly Continue Reading
Russia Hints At OPEC+ Deal Exit
OPEC’s key ally in all production cut agreements since 2017—Russia—appears to have somewhat reluctantly agreed to cut output in each of the OPEC/non-OPEC pacts over the past two years. Now Continue Reading
In limbo: the dirty Russian oil no one wants to pay for
The bills are due for millions of barrels of contaminated Russian oil that have been stuck for weeks in pipelines from Belarus to Germany – but no one wants to Continue Reading
Russia to restart clean oil supply via Druzhba fully in May or early June
Exports of clean Russian oil via the Druzhba pipeline, interrupted due to contamination, will be fully restored in late May or early June, Russian Energy Minister Alexander Novak said on Continue Reading
Russia Aims To Exploit Africa’s Energy Potential
Africa’s economic potential is enormous: the continent contains significant mineral and energy deposits, a young and growing population, and an underdeveloped energy sector desperately in need of investment. Approximately 640 Continue Reading
IEA: Dirty Russian Oil Affects 250,000 Bpd European Refinery Runs
The contamination issue with Russian oil pipeline supply will impact European refinery runs to the tune of 250,000 bpd in the second quarter, which is below 2 percent of Europe’s Continue Reading
Russia’s Transneft blames oil firms for contamination, no easy fix in sight
Russian pipeline monopoly Transneft said on Tuesday that oil producing firms were to blame for the recent contamination of an export pipeline, as sources said there was no quick fix Continue Reading
Russia Could Take Hold Of China’s Entire Gas Market
As the trade war between the U.S. and China intensifies, with an increase in tariffs on some $200 billion worth of Chinese goods from 10 percent to 25 percent and Continue Reading