Russia’s Oil Production Nears Record High
Russia’s oil production in August was virtually flat compared to July as Moscow kept output at near post-Soviet record, after having reversed most of its production cuts under the OPEC+ Continue Reading
Russia’s oil industry can shoulder extra taxes, finance ministry says
Russia’s oil industry is awash with cash and will be able to withstand the planned 1 trillion rubles ($15 billion) in extra taxes over the next six years, Alexei Sazanov, Continue Reading
Russian oil output keeps steady in August near post-Soviet high
Russian oil output stood at 11.21 million barrels per day (bpd) in August, virtually unchanged from July and steady near a post-Soviet high as production curbs were eased, Energy Ministry Continue Reading
Nord Stream 2 construction begins in German waters despite threats
Construction work for Nord Stream 2, the planned Russian gas pipeline to Europe, has started in German coastal waters, despite the threat of sanctions from US president Donald Trump and Continue Reading
U.S. Sanctions Wreak Havoc On Russia’s Oil Industry
The U.S. sanctions on Russia have affected investment in Russian oil and gas exploration projects, U.S. officials say, while Congress is considering further sanctions on the energy and banking sectors Continue Reading
Canada’s Pipeline Crisis Is A Boon For Russia
The controversy of the Trans Mountain pipeline expansion projects has so far focused more on the implications of the project’s delay for Albertan crude oil producers. Yet, the developments around Continue Reading
Nord Stream 2 natural gas pipeline should be ‘shielded’ from political attacks: Kremlin
Russia’s Nord Stream 2 natural gas pipeline project should stay out of politics and be protected from potential attacks, Kremlin spokesman Dmitry Peskov said Sunday, following a meeting between Russian Continue Reading
Russian oil industry would weather U.S. ‘bill from hell’
Stiff new U.S. sanctions against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and foreign partnerships and Continue Reading
Analysts: Russia’s Oil Industry Won’t Crumble Under U.S. ‘Bill From Hell’
The ‘bill from hell’ of hard-hitting sanctions against Russia that U.S. Senators introduced earlier this month is unlikely to have a wide-ranging impact on Russia’s oil industry, analysts and economists Continue Reading
Trade War May Push China To Russian Energy
Although China has backpedaled on proposed tariffs on U.S. crude imports, the move is indicative of its need to diversify sources and steps may now be taken to enable China Continue Reading