Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Continue Reading
Belarus threatened Thursday to suspend transit of Russian crude to Europe via the Druzhba Pipeline in an attempt to pressure Moscow amid deepening economic disagreements between the neighbors. Russia exports Continue Reading
European refiners are paying the price for U.S. oil sanctions on Venezuela and Iran as they scramble to replace the sour crude Washington has blocked from the global market with Continue Reading
A senior Russian official has suggested Russia will press for an end of the OPEC+ production cuts after the end of June when the original agreement expires, Reuters reports . Continue Reading
Participants in the OPEC/non-OPEC crude production cut deal may change their approach to output levels this year, but the cooperation can withstand such changes, the head of the Russian Direct Continue Reading
Rosneft, Russia’s state-controlled oil company and the largest oil producer in the country, plans to develop an Arctic cluster of oil fields over the next five years. These plans by Continue Reading
Russia continued to gradually reduce oil production in March, but it missed its production cut target under the OPEC+ deal, data from Russia’s Energy Ministry showed on Tuesday. As at Continue Reading
Russian oil output declined to 11.298 million barrels per day (bpd) last month, energy ministry data showed on Tuesday, missing the target set under a global deal to cut oil Continue Reading
After two Russian military planes landed near Caracas this month, the Trump administration issued stark warnings over President Nicolás Maduro’s ties to the Kremlin. But a vessel that arrived in Continue Reading
Russia is dragging its feet over the oil production cut deal that it has reached with OPEC and other non-OPEC countries. The deal, which was to go into effect on Continue Reading
