Russian oil companies are priming the pumps to significantly boost crude output this summer, taking on an unusually important role in a global effort to keep prices in check. Alongside Continue Reading
Germany has been assured by the United States that any sanctions imposed on Russia will not affect the building of a gas pipeline to bring Russian gas to Europe, a Continue Reading
The chances of a gas pipeline from Russia to South Korea through the territory of North Korea—a decade-old idea that was on hold due to North Korea’s hostilities—have now risen Continue Reading
Russia’s budget has received more than US$63.5 billion (4 trillion Russian rubles) in additional revenues thanks to the production cut deal between OPEC and non-OPEC nations led by Russia that Continue Reading
U.S. Energy Secretary Rick Perry believes that Saudi Arabia and Russia will be able to boost their oil production to stabilize the oil market and compensate for losses of Iranian oil supply. “I Continue Reading
Iran may be Russia’s ally in the Syrian conflict but when it comes to oil, Tehran’s arch-enemy Saudi Arabia takes precedence – if last week’s OPEC meeting in Vienna is Continue Reading
There has never been any love lost between Poland and Russia. Angst between the two countries dates back to Soviet dominance over Poland which started during World War II. Post Continue Reading
A few days after Russia backed OPEC pledges on oil production, a Russian finance minister said Wednesday the pace of economic growth is accelerating. Russian Energy Minister Alexander Novak sat Continue Reading
Russian Energy Minister Aleksandr Novak has met with his U.S. counterpart Rick Perry and U.S. Treasury Secretary Steven Mnuchin to discuss energy issues and U.S. sanctions on Russia. “We met. Continue Reading
Russia will assess its agreement with Iran to import crude oil in exchange for goods “from the legal point of view,” Energy Minister Alexander Novak told media following reports that Continue Reading
