OPEC and Russia added more detail to their vision for a permanent alliance between oil producers currently working to clear a global surplus. When the 24-nation coalition agreed last week Continue Reading
Output at higher-taxed West Siberian fields is dropping Rosneft, Lukoil pursuing projects with higher-margin barrels Russia’s deal with OPEC has bolstered state coffers by putting a floor under crude prices, Continue Reading
Deeper cuts to OPEC’s oil production are not out of the question, but their implementation will depend on how things unfold with the current OPEC agreement, Russia’s Energy Minister Alexander Continue Reading
Russia needs to work out new principles jointly with OPEC and non-OPEC nations to continue cooperation even after the current oil output cut deal expires, Russian Energy Minister Alexander Novak Continue Reading
Talks likely to focus on oil-market cooperation, Syria Two biggest oil producers put aside rivalry to prop up prices Russian President Vladimir Putin is to meet with Saudi Arabia’s Deputy Continue Reading
Russia issued government tenders on Monday for contracts to build 1.9 gigawatts of renewable energy capacity by utilizing foreign direct investment to create thousands of jobs for the country’s citizens, Continue Reading
Russian Urals crude was recently imported into the US East Coast for the first time since 2013, according to US Customs data. More shipments of the medium-to-light sour grade may Continue Reading
Market should discuss including Russian crude in global marker Says difficult to add more North Sea oil to current yardstick Royal Dutch Shell Plc , the world’s largest oil trader, Continue Reading
Ahead of a meeting of littoral states, a Russian expert said Wednesday there are new methods to offer an edge in assessing Arctic oil and gas reserves. Vladimir Cheverda, a Continue Reading
Opec and Russia are on course to extend their oil output cuts in an attempt to draw down supplies and bolster the price, with Saudi Arabia saying the cartel is Continue Reading
