Russia credits more drilling for production increase
Russian oil company Rosneft said its overall hydrocarbon production for the second quarter of the year was on the rise thanks in part to a drilling boom. Production for the Continue Reading
Russia Delays $10 Billion Rosneft Privatization Due To Low Oil Prices
Russia may not be able to sell its stake in Rosneft in 2016 As low oil prices continue to put pressure on the Russian budget, the government in Moscow continues Continue Reading
Russia’s Gazprom says may export more gas to Europe than forecast
Gazprom said higher gas sales to Europe boosted its first-quarter revenue and it may export more to the region than expected this year because of lower Dutch gas output and Continue Reading
More oil pulled from far north Russia
A Russian energy company said it boosted its daily production levels from an Arctic oil field after the completion of drilling two new wells. A subsidiary of Russian oil company Continue Reading
Russia sees tighter energy ties with Iran, Azerbaijan
Projects meant to exploit the strategic position of the Caspian Sea and its oil and natural gas are national priorities, Azerbaijan, Iran and Russia said. The Iranian and Russian presidents Continue Reading
Turkey-Russia Rapprochement Spells Bad News for Azerbaijan
Russia and Turkey signaled that they would resuscitate the development of a natural-gas pipeline between them, potentially undermining European efforts to reduce reliance on Russian energy with fuel piped in Continue Reading
Russia Sees No Need for Oil Freeze Talks Currently, Novak Says
Alexander Novak. Photographer: Christian Marquardt/Getty Images Russia ready to discuss freeze if other nations raise issue Novak may meet Saudi oil minister in Algiers next month Russia sees no need Continue Reading
Russian economic woes spreading beyond borders
Five straight quarters of economic decline in oil-rich Russia are starting to have a spillover effect on the economies of its neighbors, a data review finds. A review by the Continue Reading
Turkey, Russia pursue gas pipe dream as EU frets
Declarations by Russia and Turkey last week reviving plans for the TurkStream natural gas pipeline linking the two have worried EU diplomats who see it strengthening Moscow’s hand – but Continue Reading
Russia Oil Output Posts 24th Month of Year-on-Year Gains in July
Production climbs 1.8% to 10.85 million barrels a day Weaker ruble and progressive taxes bolster Russian output Russian oil output rose 1.8 percent in July, extending a run of year-on-year Continue Reading