Russia and Turkey ink pipeline agreement, end gas dispute
Russian state gas giant Gazprom said on Saturday it had signed a protocol with the Turkish government on a planned gas pipeline and agreed with Turkish firm Botas to end Continue Reading
Russia, Saudi Arabia Near Deal to Lift Output, Giving Moscow New Sway
Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production—a move that could cool crude markets and extend, at least for now, a Continue Reading
Russia’s Putin says oil price of $60 per barrel suits Russia
Russian President Vladimir Putin said on Friday that an oil price of $60 per barrel suited Russia and that high oil prices could create problems for consumers. Russia, which reached Continue Reading
Russia’s Rosneft supports gradual lifting of oil output curbs
Russia’s largest oil producer Rosneft supports the gradual easing of oil output cuts, Eric Liron, Rosneft’s first vice president, told Reuters on Friday. He also said that Rosneft’s oil production Continue Reading
Russia: Expect more oil in the second half of the year
Expect more oil on the global market by the third quarter of the year, Russia’s energy minister said from St. Petersburg. File Photo by Oskari Porkka/Shutterstock May 25 (UPI) — Continue Reading
Russia, OPEC Members to Discuss Easing Oil Output Cap
Russia and other large oil producers will next month discuss relaxing an agreement that has cut output and helped support crude prices —a move that could relieve some of that Continue Reading
Russia and Saudi Arabia to discuss relaxing oil production caps
Russia and Saudi Arabia’s energy ministers will discuss a potential relaxation of the global oil output cap agreed between Opec and Moscow amid calls for them to boost output after Continue Reading
Russian energy minister Novak says Iran risk adds up to $7/b to oil price: report
Russian energy minister Alexander Novak said Thursday geopolitical tensions, including potential re-imposition of Iranian sanctions, has added $5-$7 a barrel to the oil price. Oil prices have reached their highest Continue Reading
Rosneft CEO says U.S. withdrawal from Iran deal could harm 5 percent of global oil production
Igor Sechin, chief executive of Russia’s Rosneft, said on Friday that the U.S. decision to quit the nuclear deal with Iran could affect 5 percent of global oil production. View Continue Reading
Nigerian Firm To Partner With Rosneft To Develop 21 African Oil Assets
Nigerian oil and gas exploration company Oranto Petroleum will be cooperating with Russia’s largest oil producer Rosneft to develop 21 oil assets across Africa, an Oranto official told S&P Global Continue Reading