Russia: Production Cuts Are Needed To Stabilize Oil Markets
Russia has started to concede that it needs to join a fresh Saudi-led oil production cut, but is still bargaining with its key partner in OPEC over how much, how Continue Reading
U.S. slams Russia’s Yamal LNG transfers in Norwegian waters
Allowing ship-to-ship transfers in Norwegian waters from Yamal in Arctic Russia, one of the world’s largest liquefied natural gas (LNG) terminals, undercuts Europe’s energy diversification efforts, the U.S. State Department Continue Reading
Russia nears start-up of its first LNG import facility at Kaliningrad
Russia’s Gazprom Neft is gearing up to start operations at the Kaliningrad floating storage and regasification unit terminal, the country’s first LNG import facility, with the 174,000 cu m vessel Continue Reading
Russia Outmaneuvers U.S. LNG
For years, boosters of U.S. LNG have trumpeted the fact that gas exports from the Gulf of Mexico could break Russia’s grip on the European energy market. That has yet Continue Reading
Putin: Russia Is Fine With $60 Oil
Russia is comfortable with the current level of oil prices at around $60 a barrel, Russian President Vladimir Putin said at an investment forum on Wednesday, also thanking Saudi Arabia Continue Reading
Gazprom Neft’s thirst for oil shows Russian dilemma on OPEC pact
In the green-to-golden steppe some 1,500 km east of Moscow, a unit of Gazprom Neft, Russia’s third-biggest oil producer, is drilling hard as it eyes a production hike of 20 Continue Reading
Russia oil minister met producers to discuss OPEC cooperation – sources
Russian Energy Minister Alexander Novak met Russian oil companies on Tuesday to discuss cooperation between OPEC and non-OPEC oil producers, according to two sources who were informed that the meeting Continue Reading
Rosneft’s Head Berates Maduro For Oil Cargo Delays
Rosneft’s chief executive, Igor Sechin, last week flew to Caracas to have words with President Maduro regarding delays in the shipments of Venezuelan crude that Caracas had agreed to send Continue Reading
Russia crude supply to China surges to record, Iran shipments sink: customs
BEIJING (Reuters) – Russia shipped record volumes of crude oil to China in October as independent refiners continued to fill import quotas, while Iranian oil shipments fell on uncertainty over Continue Reading
Russia Flexes Muscles as Natural Gas Industry Booms
Natural gas, a vital energy source for homes, factories and power plants, is the world’s fastest-growing fossil fuel. Supplying it to the West, and increasingly to Asian powers like China Continue Reading