Market to be balanced in first quarter of 2018: Russia’s Novak Saudi minister sees stockpiles falling faster in coming months A deal among oil-producing countries to curb production and balance Continue Reading
Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. Russian Energy Minister Alexander Novak said on Sunday there was Continue Reading
Any operations for the second string of the Russian natural gas pipeline Nord Stream remain under scrutiny, the European Commission said Friday. European opposition to expanding the Russian natural gas Continue Reading
This year Russia’s budget is reaching its highest level of resistance to oil price swings in the past nine years, Russian Finance Minister Anton Siluanov told Parliament on Friday. We Continue Reading
Comey testimony may increase odds of new sanctions Senate Republicans and Democrats negotiating new sanctions amendment McCain pushing new sanctions targeting Russian energy sector Former FBI Director James Comey told Continue Reading
Japan could start getting a secure line for natural gas from Russia if the conditions are right, Russian energy company Gazprom said. Photo by Stephen Shaver/UPI June 8 (UPI) — Continue Reading
Rising shale production will offset OPEC cuts: Rosneft CEO Unclear how OPEC can phase out its curbs, say BP and Total A crude price in the $50s is the new Continue Reading
Igor Sechin calls Tesla’s valuation, growth plans excessive Electric cars in Europe ‘not as popular as had been expected’ The day after President Donald Trump said the U.S. will exit Continue Reading
A meeting between the two men who run Russia and Saudi Arabia’s oil empires spoke volumes about the new relationship between the energy superpowers. It was the first time that Continue Reading
The OPEC/non-OPEC deal is working, and the current underlying key assumption of Russia’s economic policies—oil prices at US$40—can allow it to live forever at that price or below, Russia’s Economy Continue Reading
