Russia Phasing Out Crude Oil Export Duty By 2024
Russia’s President Vladimir Putin has signed into law a bill to phase out Russia’s crude oil export duty by 2024, which is expected to increase export netbacks for oil producers. Continue Reading
US triggers Russia sanctions that could block crude, product imports
Fresh US sanctions imposed on Russia on Wednesday are not expected to impede energy trades, but a second round of sanctions that the law could trigger after three months would Continue Reading
The Weirdest Oil Lawsuit Of 2018
Rosneft has been rocking the Russian oil sector for quite some time already – first it acquired several domestic assets, in some cases bordering on hostile takeover, then it took Continue Reading
Russia Accused Of Illegally Selling Oil To North Korea
While most of the sanction-bypassing oil trade with North Korea is thought to be originating from China, oil sales from Russia to Kim Jong-un’s regime may be much larger than Continue Reading
Russia’s Rosneft more than triples second quarter net profit, shares hit record
Russia’s largest oil producer Rosneft said on Tuesday its second-quarter net profit more than tripled to 228 billion rubles ($3.6 billion) on higher production and prices, pushing its shares to Continue Reading
Russia’s Rosneft completes acquisition of ExxonMobil stakes in some joint projects
Rosneft said Tuesday that it has completed the acquisition of ExxonMobil’s stakes in some joint projects set up to develop offshore Arctic, deepwater Black Sea, and West Siberian tight oil Continue Reading
Friendship no more: how Russian gas is a problem for Germany
For decades, the Friendship pipeline has delivered oil from Russia to Europe, heating German homes even in the darkest days of the Cold War. But a new pipeline that will Continue Reading
US senators propose sanctions on Russian oil production investments
Six US senators Thursday unveiled a new bill that would prohibit support of Russian crude oil production and transactions in new energy projects supported by the Russian government, placing new Continue Reading
Russia Rolls Back Most of Oil Cuts as Supply Risks Worsen
Oil Slides on Surprise Increase in U.S. Inventories Russia boosted oil production to levels not seen since it joined OPEC in a coordinated output cut, helping the group offset supply Continue Reading
Russia’s High Risk Global Oil Strategy
The energy industry is highly sensitive to U.S. sanctions due to the petrodollar being the single most important currency in global trade. Washington is able to exert significant influence by Continue Reading