Russia Gears Up To Boost Oil Production In July
Although OPEC and its Russia-led non-OPEC allies have not yet decided if and how much oil they will restore to the market, Russia’s plans for exports and refinery runs in Continue Reading
OPEC, Russia Promise More Oil, but Can They Pump Enough?
Saudi Arabia and Russia have promised they will lead OPEC and other big oil producers in a deal this week to boost output and lower prices. What if it isn’t Continue Reading
Saudi Arabia, Russia seek 1.5 million bpd OPEC, non-OPEC output increase: Ecuador
Russia and Saudi Arabia have put forward a proposal to increase production by OPEC and non-OPEC countries by 1.5 million barrels per day, Ecuador’s oil minister said on Monday. Carlos Continue Reading
Russia, Saudi Arabia Extend Oil Partnership Indefinitely
Russia and Saudi Arabia have agreed to extend their oil partnership indefinitely, with the agreement stipulating that they could move to regulate oil production at any moment, TASS reports, quoting Continue Reading
Nord Stream is a commercial pipeline, Russia says
Expanding the capacity of the Nord Stream natural gas pipeline through the Baltic Sea is a purely commercial ambition, a Kremlin spokesman said Monday. Sweden’s government became the latest to Continue Reading
Rosneft Says $70-80 Oil ‘Comfortable’ Ahead of OPEC Talks
Rosneft PJSC’s said crude at $70 to 80 a barrel was a “comfortable level” and expressed satisfaction with the results of Russia’s joint supply cuts with OPEC, just a week Continue Reading
Gazprom mulls gas pipeline through North Korea
Russia could be collaborating with Seoul on the construction of a natural gas pipeline through North Korean territory, a Gazprom official said Friday. South Korean officials hinted earlier this year Continue Reading
Russian Central Bank leaves rates in place
The Central Bank of Russia leaves its rates unchanged, seeing only a modest risk from volatility in crude oil prices. The economic risk from the volatility in crude oil prices Continue Reading
Russia And Saudi Arabia Will Save The Day If OPEC Deal Falls Apart
Even if the current OPEC/NOPEC oil production cut deal goes to pieces, Saudi Arabia and Russia will be willing to go it alone, the two largest oil producers in the Continue Reading
Russia to propose ‘proportional’ crude oil output increase
OPEC, Russia and its allies may consider a range of proposals to increase crude oil output which could be by as much as 1.8 million b/d, according to a source Continue Reading