The Secrets Behind Russia’s 2016 Oil Success
For every one dollar reduction in the price of oil, Russia suffers a staggering two billion dollar loss in its revenue. On top of the economic sanctions slapped on Russia Continue Reading
Slippery Logic to Russia’s Oil-Cut Claim
“They say they milk chickens” goes the Russian proverb. With crude prices up 50% from a year ago, energy investors would do well to take this skeptical saying to heart. Continue Reading
Russia To Outperform China And Outlive Sanctions In 2017
A very busy year The last year was kind to Rosneft. Even with continuous low oil prices and the Western sanctions, the Russian state-owned oil giant signed a landmark refinery Continue Reading
This “Rogue” Oil & Gas Nation Just Set A Slew Of Output Records
With 2016 now closed out, we’re getting the first looks at year-end data. And numbers from one nation in the energy space have been particularly eye-catching this week. Russia. Over Continue Reading
Why Russia Expects $40 Oil This Year
Budget deficit is a fascinating thing. It can turn around economies if it’s large enough or it can highlight their resilience, if it turns out to be not as large Continue Reading
Russia To Outperform China And Outlive Sanctions In 2017
The last year was kind to Rosneft. Even with continuous low oil prices and the Western sanctions, the Russian state-owned oil giant signed a landmark refinery and supply deal with Continue Reading
Back To Black: At $50 Oil, Russia Could Soon Be Deficit-Free
Thanks to non-oil budget income, Russia has entirely offset the negative effects from lower oil prices in 2016, Finance Minister Anton Siluanov said at the end of 2016. What’s more, Continue Reading
Russian oil output in December stays at record highs
Russian oil production in December stood unchanged at 11.21 million barrels per day (bpd), flat month on month and at its highest in almost 30 years, energy ministry data showed Continue Reading
Gazprom offers loan for Turkish gas pipeline
Russian energy company Gazprom said it approved financing of up to $320 million to help build a natural gas pipeline planned through Turkey. Russian news agency Tass reported that Gazprom Continue Reading
Russia’s finance minister sees growth ahead
With oil prices recovering, growth in the Russian economy may be twice as high as official government estimates, the country’s finance minister said. The Central Bank of Russia this week Continue Reading