Vladimir Putin pictured meets with Prince Mohammed Bin Salman Al Saud as part of the G-20 Summit in Hangzhou, China. Saudi Arabia and Russia discussed actions to stabilize the global Continue Reading
Cooperation between Russia and Saudi Arabia will bring benefits to the global oil market, Saudi Arabia’s powerful deputy crown prince Mohammed bin Salman told Russian President Vladimir Putin on Sunday. Continue Reading
Russian gas giant Gazprom said on Sunday it had signed a contract with China National Petroleum Corp (CNPC) to build a section of the Power of Siberia gas pipeline under Continue Reading
Russian President Vladimir Putin and his Turkish counterpart Tayyip Erdogan expressed joint support for Russian oil major Rosneft increasing oil supplies to Turkey, Kremlin spokesman Dmitry Peskov said on Sunday. Continue Reading
Shale Well The latest chapter in the oil production freeze chatter saw Russia and Saudi Arabia issuing remarks about a possible deal, but while the Saudi foreign minister said that Continue Reading
A Russian energy official met in Istanbul with Turkish leaders to review options for moving ahead with a gas pipeline project, Russia’s Gazprom said. Turkish Energy Minister Berat Albayrak hosted Continue Reading
Accord to cap output is ‘right decision for world energy’ Producers understand need to compromise on Iran’s involvement Vladimir Putin said he’d like OPEC and Russia, producers of half of Continue Reading
Russian President Vladimir Putin called on oil-producing countries to cap production levels at a meeting later this month, saying “it was the right decision for world energy.” A similar initiative Continue Reading
Each oil producers’ fortune differs depending on fundamentals. Demand is still extraordinarily high. Inventory remains very high, especially in the U.S. U.S. shale oil and to a lesser extent Russia Continue Reading
Russia still has supremacy over Central and Eastern Europe, especially over its crude oil market. However, Middle-East countries like Saudi Arabia, Iraq and Iran, have recently entered this traditional Russian Continue Reading
