Iran to sign oil contract to sell Russia 100,000 bpd: state TV
Iran announced on Tuesday it will begin selling 100,000 barrels of oil a day to Russia within the next 15 days and receive payment half in cash and half in Continue Reading
Rosneft Expands in Middle East With Libya and Iraq Oil Deals
Rosneft PJSC , the state-run producer headed by a close adviser of Russian President Vladimir Putin, is expanding its footprint in the Middle East by striking new oil deals with Continue Reading
Rosneft signs landmark deal to buy KRG crude
In a sign that Kurdistan’s oil sector is shedding some of its legal and political risk, KRG crude will now supply the refineries of Russia’s largest oil company. A tanker Continue Reading
Russia Overtakes Saudi Arabia as World’s Top Crude Oil Producer
Russia overtook Saudi Arabia as the world’s largest crude producer in December, when both countries started restricting supplies ahead of agreed cuts with other global producers to curb the worst Continue Reading
Russia’s Rosneft starts drilling in Iraq
Russian oil producer Rosneft reported Monday it started new drilling operations in Iraq, alongside a Chinese contracting partner. Rosneft said it started a new exploration well, which according to state Continue Reading
Vladimir Putin: Clear signs of Russian economic growth
As oil prices stabilize in the wake of an OPEC-led production deal, Russian President Vladimir Putin said signs of economic strength are becoming clear. The president sat with his top Continue Reading
Russia’s Largest Oilfield May Be About to Gush Cash Once Again
Russia’s largest oil field, so far past its prime that it now pumps almost 20 times more water than crude, could be on the verge of gushing profits again for Continue Reading
Russia to boost Urals exports in first half despite cutting oil output with OPEC
Russia is set to post higher exports of Urals crude for the first half of this year despite cutting oil production ahead of schedule under a deal with OPEC aimed Continue Reading
Russia’s economy grows at $40 per barrel oil
Russia’s Central Bank Gov. Elvira Nabiullina says the economy will grow even if the price of oil moves back toward $40 per barrel. Photo courtesy of the Central Bank of Continue Reading
Putin’s Tough Choice: China Or The West
“With Tillerson’s confirmation, Exxon just annexed the United States,” –anonymous blogger. To many observers, the appointment of Tillerson to the helm the State Dept signaled the Administration’s priority of supporting Continue Reading