U.S. sees LNG as a way to contain Russia
A national defense measure passed in the U.S. House of Representatives aims to promote energy trade in Europe as a means to contain Russia. The National Defense Authorization Act for Continue Reading
Production for Russian oil producer up 5 percent
Russian oil producer Gazprom Neft said its net profit over the first nine months was up more than 25 percent, while output increased about 5 percent. “The company is continuing Continue Reading
Can Russia Break Its Oil Dependence?
Despite improving oil prices, Russia’s economic growth is slowing, with GDP rise for the third quarter at 1.8 percent on an annual basis, versus 2.5 percent for the second quarter, Continue Reading
Russian Hackers Target British Energy Industry
Russian hackers have attacked targets from the British energy industry over the last 12 months, the head of the country’s National Cyber Security Center, Ciaran Martin said. The warning, according Continue Reading
Russia exports most of its crude oil production, mainly to Europe
OECD is the Organization for Economic Cooperation and Development. Russia exported more than 5.2 million barrels per day (b/d) of crude oil and condensate and more than 2.4 million b/d Continue Reading
Russian oil company eying Gulf of Mexico opportunities
Russian oil producer Lukoil said it may be setting up a partnership to work in the Mexican waters of the Gulf of Mexico. File photo by A.J. Sisco/UPI Nov. 13 Continue Reading
Rosneft, China To Deepen Strategic Cooperation
Russia’s state-controlled oil giant Rosneft and Chinese energy company CEFC—which has agreed to buy 14 percent in Rosneft—are deepening their strategic cooperation by signing an agreement to study the possible Continue Reading
Paradise Papers Reveal U.S. Selling Russian LNG In Europe
The new massive data leak that has been making headlines for several days now has revealed that a company with U.S. ownership has been buying Russian gas and selling it Continue Reading
Russia Unfazed By U.S. Oil Sanctions
Most Russian oil companies don’t expect sanctions to be scrapped anytime soon—an assessment espoused by the political elites of the country, too. The sides even seem to have resigned their Continue Reading
Russian Oil Exports Could Be Looming Problem for Prices
Russia, the world’s largest oil producer, has ramped up its crude exports this year, potentially undermining a deal with the Organization of the Petroleum Exporting Countries cartel that has helped Continue Reading