OPEC, Russia talk gives oil prices a boost
A year-end gain in crude oil prices on the first full trading day after the Christmas holiday was boosted by OPEC and signals from a top Russian oil producer. Crude Continue Reading
Russian oil company says production is up
As supply-side issues weigh on oil markets, Russian oil producer Gazprom Neft said its production for the year was up more than 7 percent from 2015. The company, the fourth Continue Reading
Putin says Russia will cut oil output, cooperate with OPEC as planned
Russia will cut crude oil output and will cooperate with OPEC to support global oil prices, President Vladimir Putin said at his end-of-year news conference on Friday. Putin said he Continue Reading
Putin: We’re not a member of OPEC
Russia’s president said his country would meet its obligations in terms of crude oil production, but stressed Friday that Russia is not a member of OPEC. Russia is on pace Continue Reading
Russia’s Deadly Mideast Game
With its devastating show of force in Syria’s civil war, Russia has reasserted itself as a military power in the Middle East. It’s also put Russians in the region at Continue Reading
Russian Oil: Cutting Against Projected Growth
Russia has pledged to OPEC and other Non-OPEC countries to cut its oil output by 300,000 bpd in the first six months of 2017 in a joint effort to reduce Continue Reading
Gazprom Neft starts new operations in Serbia
A Russian oil company said its division in Serbia has opened up a new reserve area with the goal of moving from drilling to development next year. Gazprom Neft said Continue Reading
Russia sees oil markets balanced in late 2017
Only when crude oil markets balance out in the second half of next year can major players starting talking about market recovery, Russia’s oil minister said. An agreement by members Continue Reading
Russian 2016 gas output nearly flat on year at 637 Bcm: minister
Russia’s gas production, including associated petroleum gas, is estimated at 637 Bcm in 2016, which would represent a marginal increase of 0.2% year on year, energy minister Alexander Novak said Continue Reading
Could Tillerson Open Up The Russian Arctic For Exxon Again?
If the ExxonMobil CEO is confirmed as the new U.S. Secretary of State, the evolving relationship between Russia and the United States will take an interesting turn. Rex Tillerson could Continue Reading