A joint OPEC and non-OPEC ministerial committee established to monitor compliance with a global supply cut agreement plans to meet again in Algeria in late September, sources said on Friday. Continue Reading
Iranian Minister for Oil Bijan Zanganeh sees the relationship with Russia blossoming as both countries face increasing economic pressure from the United States. File Photo by Maryam Rahmanian/UPI April 18 Continue Reading
Saudi Arabia and Russia forged a risky oil-market deal about 18 months ago, agreeing to throttle back output in an effort to lift prices. It worked. A glut of stored Continue Reading
Crude oil prices started the week with a drop of about one percent as traders were still watching what happens in Syria next and despite the announcement that Washington will Continue Reading
According to Finanz, with reference to the International Energy Agency, Russia has been benefitting from its oil production and export for decades. However, this is about to change in the Continue Reading
Russia and Ukraine’s ongoing gas dispute shows how urgently the EU must improve its energy resilience by cutting fossil fuel imports, EU energy commissioner Miguel Arias Canete said Thursday. The Continue Reading
Russian Energy Minister Alexander Novak told European Commission Vice-President Maros Sefcovic that Russia was ready to consider using Ukraine as a gas transit route after 2020, the energy ministry said Continue Reading
Russian coal exports totaled 15.64 million mt in March, up 10.6% month on month and up 2.8% year on year, according to data from the Russian Ministry of Energy Wednesday. Continue Reading
An escalation in U.S. sanctions against Moscow risks derailing a fragile recovery in Russia’s economy, which had just begun to take hold after the Kremlin’s last confrontation with the West Continue Reading
Russia is considering replacing the U.S. dollar in crude oil payments on deals with Turkey and Iran, Energy Minister Alexander Novak said as quoted by RT. According to Novak, “There Continue Reading
