Russia Committed to Oil Production Cut
Russia’s energy minister said Monday the nation is gradually reducing its oil production in line with an agreement reached with OPEC late last year and should be fully compliant by Continue Reading
Russia expects oil and gas revenue to bounce back in March
After a budget shortfall in February, Russia’s finance minister said the country expected to receive more than $1 billion in oil and natural gas revenue this month. The Russian government Continue Reading
Russian cuts to oil production stall in February
Russia’s oil output stayed unchanged in February from the previous month, with cuts at just a third of the levels pledged by Moscow under a global deal to reduce production, Continue Reading
Russia’s Lukoil reports oil production declines for 2016
Russian oil producer Lukoil said its oil production for 2016 was 8.6 percent lower than in 2015, but higher for the fourth quarter by about 2.5 percent. Excluding work in Continue Reading
Gazprom Says Europe’s Appetite for Gas Keeps Getting Bigger
Europe’s appetite for natural gas is leading to a growth “renaissance” as its stores of the fuel languish at the lowest levels since 2013, according to Gazprom PJSC. Europe’s appetite Continue Reading
Putin’s Russia Seen Dominating European Energy for Two Decades
Europe has wanted to wean itself from Russian natural gas ever since supplies from its eastern neighbor dropped during freezing weather in 2009. Almost a decade later, the region has Continue Reading
Russia sees U.S. oil production as a lid on oil prices
Gains in oil production from the United States should establish a ceiling over crude oil prices on the global market, the head of Russia’s Lukoil said Monday. Russia is coordinating Continue Reading
Russia says in talks over Iranian oil purchases
Russia has been in talks of buying oil from Iran, Energy Minister Alexander Novak said on Monday, confirming earlier reports. At the sidelines of a economic forum in the Black Continue Reading
How Russia Is Using Oil Deals To Secure Its Influence In The Middle East
A string of oil deals between Russian oil companies and Arab petrostates have shifted the center of political gravity in the Middle East and North Africa towards Moscow – counteracting Continue Reading
Is The Trump Administration About To Rescue The Russian Economy?
As oil prices continue their slow uphill climb and the global energy community reenters exploration mode, the Russian economy has much to gain from new American leadership that seems lenient Continue Reading