The fog has been cleared ahead of OPEC’s next policy meeting by Saudi Arabia and Russia declaring their support for extending a global deal to cut oil supplies for another Continue Reading
CNPC will be first recipient of Arctic project’s fuel Chinese investment helped defray impact of U.S. sanctions Russia’s Yamal LNG , set to be the world’s biggest Arctic producer of Continue Reading
While the oil market is awaiting what Saudi Arabia and Russia—the leaders of the OPEC and non-OPEC producers part of the production cut deal—will decide on the future of the Continue Reading
Russian Foreign Minister Sergei Lavrov said the Kremlin respects Iraq’s sovereignty. Bilateral talks Monday came after Baghdad issued veiled warnings over oil contracts. After Iraq issued veiled warnings about oil Continue Reading
Russian Energy Minister Alexander Novak said on Tuesday that compliance with a global output cut deal in the past nine months had been 102 percent. He said compliance by OPEC Continue Reading
Russia’s biggest oil company, Rosneft ( ROSN.MM ), has agreed to take control of Iraqi Kurdistan’s main oil pipeline, boosting its investment in the autonomous region to $3.5 billion despite Continue Reading
Russia’s TV channel REN TV on Friday aired a video of an air strike drill on a decommissioned boat in the Black Sea to warn Ukraine against attempts to recover Continue Reading
LONDON/MOSCOW (Reuters) – Russian energy major Rosneft has agreed to take control of the main oil pipeline in Iraq’s Kurdistan, further boosting its role as the main international investor in Continue Reading
In April, state-controlled oil giant Rosneft started drilling the northernmost well on the Russian Arctic shelf in the Khatangsky license area in the Laptev Sea. In June, Rosneft struck first Continue Reading
Russian state oil major Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow’s exposure to the semi-autonomous region despite a major spike in Continue Reading
