Russia says oil price war with U.S. would be too costly
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, Continue Reading
Russian oil output edges up to 11.39 million bpd during January 1-22: source
Russia slightly increased its oil production to 11.39 million barrels per day (bpd) on average between Jan. 1 and Jan 22, a source familiar with the Energy Ministry data told Continue Reading
Russia’s Wealth Fund: Oil Price War With U.S. Would Hurt Russian Economy
Russia shouldn’t try to bring U.S. shale production down with an oil price war, because Moscow would also be hurt in such an event, according to Kirill Dmitriev, chief executive Continue Reading
IEA doubts Russia’s commitment to OPEC accord
Russian President Vladimir Putin (R), Finance Minister Anton Siluanov (C) and Energy Minister Alexander Novak (L) attend a meeting of the Eurasian Economic Union in St.Petersburg, Russia, to discuss issues Continue Reading
Energy Minister: Russia Can’t Cut Oil Production Quickly
Due to weather and geological conditions in the cold Russian winter, Russia cannot cut its oil production too quickly, Energy Minister Alexander Novak said on Thursday, reiterating Moscow’s commitment to Continue Reading
Russian oil output already around 30,000 b/d below October level: Novak
Russia has already lowered its oil output by around 30,000 b/d compared with October volumes, used as a baseline under the latest OPEC/non-OPEC crude production agreement, and still plans to Continue Reading
Norway ready to claim share of any Russian Arctic oil and gas finds
Norway will step up preparations to claim its share of oil and gas resources if Russia finds petroleum on its side of a border in the Barents Sea, the head Continue Reading
Poland Scrambles To Wean Itself Off Russian Gas
Poland is continuing to make a pivot away from its decades-long natural gas supplier – Russia. In a statement on Wednesday , Polish state-controlled oil and gas company PGNIG said Continue Reading
Russia’s Coal Exports, Production Hit Five-Year High In 2018
Russia’s production and exports of coal hit last year their highest levels since 2013, according to S&P Global Platts estimates of data from Russia’s Energy Ministry. Russian coal exports increased Continue Reading
Russian oil output reaches record high in 2018
Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data from its energy ministry showed on Continue Reading