Moscow — Russia’s July crude oil and condensate output rose 1.4% month on month to 11.215 million b/d, in line with Russia’s pledge in late June to boost output under Continue Reading
Russian Energy Minister Alexander Novak said Friday the market has probably taken into account the potential loss of Iranian oil by November already. The U.S. departure from the Joint Comprehensive Continue Reading
Russia does not use stocks in tanks to help boost oil output and does not have enough stocks to influence the oil market, Russian Energy Minister Alexander Novak told reporters Continue Reading
Russia’s oil production this year will increase to 551 million tonnes (11.02 million barrels per day), a new 30-year high and up by around 3.5 million tonnes from previous expectations, Continue Reading
Russian natural gas company Gazprom said Wednesday that just over 90 percent of its Power of Siberia gas pipeline to China is completed. “By now, a total of 1,214 miles, Continue Reading
The European natural gas market needs diversity and Russian supplies are an important component of the mix, German energy company Wintershall said. Wintershall is a member of the consortium working Continue Reading
Some 80km from the Chinese border, the tiny Russian village of Yerkovtsy might provide the setting for a new Russo-Chinese megaproject. The 38 BCm/year Power of Siberia (and its potential Continue Reading
President Trump was right to criticize Chancellor Angela Merkel’s plan for a new pipeline carrying Russian natural gas to Germany. This project threatens European independence and the North Atlantic Treaty Continue Reading
The head of Russian oil company Rosneft said that, from his view, the price for Brent crude oil will likely stay below $80 per barrel for the rest of the Continue Reading
Rosneft’s chief executive Igor Sechin expects Brent could reach US$80 a barrel by this year’s end, Interfax reports citing a TV interview of the oil tycoon. The company’s budget for Continue Reading
