Cracks Begin To Form In Saudi-Russian Alliance
Could cracks be forming in the bromance between Saudi Arabia and Russia over oil production quotas? According to one analyst, the answer could be – yes. The background for one Continue Reading
New Sanctions Threat Puts Russian Energy Sector On Edge
Ongoing tensions between the U.S. and Russia continue to unfold, even as allegations of President Trump’s involvement in Russian meddling in the 2016 presidential election looks like it will finally Continue Reading
Russia’s Gazprom Neft expects oil output to rise 2 percent in 2019
Russian oil producer Gazprom Neft expects its oil output to rise by 2 percent in 2019, First Deputy Chief Executive Vadim Yakovlev said in Gazprom’s in-house magazine published on Thursday. Continue Reading
Where Will Putin Build His Next Gas Pipeline?
Russian gas giant Gazprom has invested billions in extending and diversifying its pipeline infrastructure to Europe through Turk Stream and Nord Stream 2. Both projects are part of Moscow’s vision Continue Reading
Russia’s Lukoil Halts Oil Swaps In Venezuela After U.S. Sanctions
Litasco, the international trading arm of Russia’s second-biggest oil producer Lukoil, stopped its oil swaps deals with Venezuela immediately after the U.S. imposed sanctions on Venezuela’s oil industry and state Continue Reading
Russian Energy Minister: We Avoided $25 Oil With OPEC Deal
The OPEC/non-OPEC production cut agreement has significantly benefited Russia’s budget and companies, as it put a floor under oil prices, Russian Energy Minister Alexander Novak said on Thursday. Oil prices Continue Reading
EU gas pipeline rules could slow Russia’s Nord Stream 2
The European Union reached a provisional deal on Wednesday on new rules governing import gas pipelines, casting doubt over the operating structure of Russia’s planned Nord Stream 2. The Russian Continue Reading
US still weighing Russian sanctions that could cut off oil flows
The US is still deciding which sanctions to impose on Russia as part of mandatory penalties triggered in 2018 that could include blocking Russian petroleum imports into the US and Continue Reading
Russia’s Novak says no proposals to alter oil pact despite Venezuela
Russian Energy Minister Alexander Novak said on Thursday that there are risks for global oil markets from the political crisis in Venezuela, yet there are no proposals to reverse the Continue Reading
EU reaches deal on rules to govern Russia’s Nord Stream 2 pipeline
The European Union reached a provisional deal on Wednesday on new rules governing import gas pipelines including Russia’s planned Nord Stream 2, in a move that cast doubts over the Continue Reading