Saudi Arabia has not only called the end of Russia’s prominence as a global oil behemoth, but anticipates that Russia’s oil exports “will have declined heavily if not disappeared” within Continue Reading
Russian energy minister Alexander Novak discussed bilateral and OPEC+ cooperation with Iranian oil minister Bijan Zanganeh, according to a statement released by the Russian energy ministry late Monday. Receive daily Continue Reading
Hardliners in the Trump administration have been ramping up their rhetoric over Russia recently. President Trump’s hawkish chief economic adviser Larry Kudlow said in a television interview with The Hill Continue Reading
During the Cold War, China and the Soviet Union regarded one another as strategic adversaries. Relations between Beijing and Moscow, however, have significantly improved over the years. Besides political alignment, Continue Reading
Russia’s Gazprom plans to resume imports of gas from Turkmenistan at the start of 2019, CEO Alexei Miller said this week, having ceased purchases in January 2016 on poor economics. Continue Reading
Russia and Syria have discussed the possible reconstruction of gas transportation infrastructure, underground gas storage facilities, oil and gas production and oil refineries in Syria, Russian Energy Minister Alexander Novak Continue Reading
The Nord Stream 2 pipeline that will transport Russian gas to Germany will be completed on time even if new sanctions are imposed on Moscow, Russia’s energy minister said on Continue Reading
Russia’s Energy Minister Alexander Novak considers unnecessary for the country to join the Organization of Petroleum Exporting Countries, or OPEC, as the current relationship makes it possible to reach accords Continue Reading
BP Chief Executive Bob Dudley said if the United States imposed sanctions on Russian energy firms Gazprom and Rosneft such as it did on aluminum producer Rusal, it would virtually Continue Reading
Global oil prices are continuing their upward trajectory amid concerns that more Iranian barrels will be removed from the market once U.S. sanctions hit the country’s energy sector Nov. 4. Continue Reading
