Russia to cut oil output by 300,000 bpd by end-April: Energy Minister
Russia will cut its oil output by 300,000 barrels per day by the end of April and will maintain production at that level until the global oil cuts deal expires Continue Reading
Russia’s Lukoil backs OPEC production cut extension
It’s reasonable to give serious consideration to extending a production agreement led by OPEC, the head of Russian oil company Lukoil said Thursday. Russia is contributing as a non-member state Continue Reading
Could Rosneft Take Control Of Citgo?
Rosneft could take control of 49.9 percent of Citgo – the troubled U.S. business of Venezuela’s state-owned oil company, media are warning. PDVSA used the stake as collateral for a Continue Reading
Russia reacts to steep drop in oil prices
The dramatic drop in crude oil prices is in large part because of “aggressive” output in the United States, but OPEC still factors in, a Russian minister said. Crude oil Continue Reading
Russian oil major says U.S. shale growth imperils OPEC deal
A recovery in U.S. oil output may deter OPEC and non-OPEC producers from extending production cuts beyond June and might lead to a new price war, Russia’s top oil major Continue Reading
Saudi Arabia, Russia Offer United Front on Oil Supply Cuts
Saudi Arabia and Russia, the architects of an oil production cut that has stabilized prices, presented a united front on compliance just as rising U.S. inventories have sparked doubts about the Continue Reading
Iran vs Russia: The Next Natural Gas War
Not everybody attending the Iranian natural gas summit last week in Frankfurt was there for the same reason. While most were gauging the prospects for an opening of major natural Continue Reading
Oil Price, Sanctions Weigh on Russian Stocks, Moscow Unfazed
When Donald Trump won the presidential vote last year there was an outcry from his opponents due to his alleged close ties with the Russian government. Many believed that Trump Continue Reading
IHS CERAWeek: Russia to achieve 300,000 b/d in agreed cut by end April: minister
Russia will achieve by late April the 300,000 b/d cut it agreed to in the coordinated supply cut agreement reached with OPEC and 11 non-OPEC countries last year, Russian energy Continue Reading
Russia Is Running on More Than Just the Black Stuff
The world’s largest energy producer is out of its longest recession in two decades Russia has exited recession, with a little help from the boys in uniform, a major statistical Continue Reading