Why Russia Isn’t Worried About Lower Oil Prices
Even as Saudi Arabia has scrambled to prevent a bust in the oil market, so far failing to head off a dramatic price slide, Russia seems just fine with prices Continue Reading
Russia Blames Fed Interest Hike For Low Oil Prices
It seems that the Federal Reserve can’t get a break. For months, President Trump has been increasingly criticizing the Fed’s policy of incrementally increasing interest rates, a near-unprecedented move for Continue Reading
Energy Minister: OPEC+ Deal Has Brought Russia $120 Billion
Russia’s budget has received an additional US$120 billion since Moscow’s cooperation deal with OPEC started two years ago, Russian Energy Minister Alexander Novak told local business daily Kommersant in a Continue Reading
Russia’s energy minister sees oil prices stabilizing in first-half 2019
Russian Energy Minister Alexander Novak said on Tuesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019. Continue Reading
Russia’s energy minister sees oil prices stabilizing in first-half 2019
Russian Energy Minister Alexander Novak said on Tuesday that oil prices, which fell by more than a third this quarter, would become more stable in the first half of 2019. Continue Reading
In Venezuela, Russia pockets key energy assets in exchange for cash bailouts
As allies go, Venezuela is a relatively cheap one for Russia. But the potential returns on Moscow’s investment there could be priceless. In exchange for modest loans and bailouts over Continue Reading
Russia’s Lukoil drills shallow Caspian waters as it awaits deepwater approval
Alexandre Oboronkov leaped at the chance to work on the Filanovsky platform after it was launched in 2016, keen to see Russia’s largest Caspian Sea oilfield in action. The Filanovsky Continue Reading
U.S. oil production to be equal to Russia plus Saudi Arabia by 2025: IEA head
Total oil production in the United States will be nearly equal to that of Russia and Saudi Arabia combined by 2025, the head of the International Energy Agency (IEA) said Continue Reading
Russia signals oil output decline in 2019 after 10 years of growth
Russia’s oil output may decline next year due to a global reduction pact, Energy Minister Alexander Novak said on Tuesday, possibly halting an uninterrupted decade-long run of growth. Smoke billows Continue Reading
Russia’s Oil Production Could Be Lowered To 11.1 Million Bpd In 2019
Due to the OPEC+ production cuts, Russia’s crude oil production in 2019 could be lower than originally planned—at 552 million tons, or 11.085 million bpd , Russia’s Energy Minister Alexander Continue Reading