Agreements reached between Russia and Saudi Arabia on global oil supply have helped oil markets to stabilize, Saudi Energy Minister Khalid al-Falih said on Thursday. The two countries, the world’s Continue Reading
There is no immediate need to talk about additional oil output cuts as part of a global deal between OPEC and non-OPEC nations, Russian Energy Minister Alexander Novak said in Continue Reading
Ministers from the Organization of Petroleum Exporting Countries attending a conference in Moscow may take up export monitoring, Russia’s energy minister said. Russian Energy Minister Alexander Novak said he expected Continue Reading
The leaders of Saudi Arabia and Russia, the world’s biggest oil exporters, are expected to discuss cooperation on oil production and differences over Syria and Iran on Thursday during the Continue Reading
Russia’s biggest natural gas producer Gazprom aims to take a 10 percent share of the Chinese gas market after 2025, a company executive told an energy conference on Wednesday. Gazprom Continue Reading
Russia could exploit its position on the oil market given recent geopolitical turmoil and end the year as the “energy superpower,” a market report read. Russia is a member of Continue Reading
Russian gas exports to Europe and Turkey increased by 11.3 percent year-on-year to 141.2 billion cubic meters (bcm) in January-September, gas giant Gazprom said on Monday. It also said the Continue Reading
Russia’s crude oil production was flat at 10.91 million bpd in September compared to August—staying at the lowest levels for 2017, as maintenance at some fields affected production, according to Continue Reading
It’s best to draw out of the OPEC-led effort to balance the market with production cuts during the summer when demand is high, Russia’s energy minister said. Russia is a Continue Reading
Former German Chancellor Gerhard Schroeder faced further criticism at home after he was elected as chairman of Russia’s biggest oil producer Rosneft on Friday. Schroeder, a Social Democrat who led Continue Reading
