The potential for more tensions in relations between the U.S. and Russia continue to mount. Late last week, U.S. Energy Secretary Rick Perry said that Washington could still impose sanctions Continue Reading
Russia’s energy minister said on Wednesday no emergency action was warranted to stem a decline in oil prices, as crude benchmarks fell again. Alexander Novak reporters on the sideline of Continue Reading
Saudi Arabia and Russia need to cut oil output, a top Iranian official said on Wednesday, adding that extra supply from the two countries had caused a slide in prices Continue Reading
Russia aims to boost its crude production by a further 300,000 barrels a day by early next year unless a deal is struck with Saudi Arabia to restrain output, two Continue Reading
“Russia is playing on all sides,” said Helima Croft, chief commodities strategist at Canadian broker RBC. Russia counts Iran as a key ally in its widened geopolitical role in post-civil Continue Reading
Qatar Investment Authority will pay some US$4.2 billion ( 3.7 billion euro ) for a 14.16-percent stake in Russia’s biggest oil producer Rosneft, thus becoming the third-largest single shareholder after Continue Reading
Russian state-owned oil producer Zarubezhneft has pulled out of projects in Iran because of looming U.S. sanctions, two sources at the company told Reuters on Friday. The National Iranian Oil Continue Reading
Russia’s oil production increased to 11.41 million bpd in October from 11.36 million bpd in September, setting a new post-Soviet record high as the largest oil companies, Rosneft and Lukoil, Continue Reading
Charles de Gaulle once said: “no nation has friends, only interests.” Cooperation between Russia and Iran has been increasing over the years. The countries are drifting towards each other due Continue Reading
Depending on who you ask, energy markets would likely be better off without more Saudi-Russia oil and gas cooperation, which will amount to greater clout in the Middle East as Continue Reading
