Russia’s crude production in September hit a record high of 11.356 million b/d, exceeding the level of October 2016, the benchmark Moscow used for cutting production under the landmark deal Continue Reading
Russia’s Sakhalin-1 consortium, led by ExxonMobil, has agreed to pay Russian energy giant Rosneft $230 million in an out-of-court settlement of an oil production dispute, an executive of an Indian Continue Reading
Pipelines, for a long time, were the most important method of transportation for natural gas. This fixed form of infrastructure has the advantage of lower transportation costs in the long-term. Continue Reading
The past four years have been a 21st century low point for Western foreign investment in Russia, with sanctions, unlawful trade practices and ceaseless wars in the Greater Middle East Continue Reading
OPEC+ may offer big projects to oil companies from member states, Russian Energy Minister Alexander Novak said at a meeting with his Saudi counterpart Khalid Al-Falih, the Russian Energy Minister Continue Reading
U.S. President Donald Trump’s demand that OPEC take rapid action to reduce oil prices got a tepid response, with the group saying it would boost output only if customers requested Continue Reading
Russian Energy Minister Alexander Novak told Rossiya state TV that high oil prices are not beneficial to anyone, after the OPEC and non-OPEC group of oil-producing countries ruled out any Continue Reading
So far, 2018 has been a good year for Gazprom. The Russian state-owned company is the biggest investor in oil and gas projects in the world with $160 billion worth Continue Reading
Russian oil producer Surgutneftegaz ( SNGS.MM ) is pushing buyers to agree to pay for oil in euros instead of dollars if the need arises, apparently as insurance against possible Continue Reading
Russia is only three years away from maximizing oil extraction output before costs and taxes drive down production, Russia’s energy minister has warned. The Russian economy has relied on its Continue Reading
