Russia
News
November 27, 2018
The most powerful partnership in the global oil market, which rescued the industry from a deep slump, faces its toughest test yet.
News
November 26, 2018
Gazprom Neft’s board of directors has reviewed information on further improving the efficiency of the oil business’s operational processes through the use of innovative digital technologies.
News
November 25, 2018
For the oil market, it looks like the real OPEC meeting will come a week ahead of schedule.
News
November 22, 2018
The 14th meeting of the Joint Coordinating Committee (JCC) of Gazprom and CNPC moderated by Vitaly Markelov, deputy chairman of the Gazprom management committee, and Hou Qijun, V.P., CNPC, took place in Guangzhou, People’s Republic of China.
News
November 20, 2018
The Trump administration sanctioned an Iranian company and three Russian companies in an effort to choke off oil sales to Syria.
News
November 19, 2018
Oil prices regained ground after an earlier slide, as traders weighed countervailing signals about how much OPEC and its allies can afford to trim production.
News
November 18, 2018
OPEC has lost what control of the oil market it ever had. The actions (or tweets) of three men — Presidents Donald Trump and Vladimir Putin and Crown Prince Mohammed Bin Salman — will determine the course of oil prices in 2019 and beyond.
News
November 15, 2018
President Vladimir Putin said he discussed the price of oil with U.S. counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russia is happy with current prices.
News
November 14, 2018
PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.
News
November 11, 2018
OPEC and its allies started laying the groundwork to cut oil supply in 2019, reversing an almost year-long expansion, with Saudi Arabia reasserting its role as swing producer by announcing fewer shipments from next month.
News
November 08, 2018
Russia’s oil industry is feeling the pressure of a possible return of production caps. In fact, by sacrificing a fraction of output, the companies could see their stocks rise.
News
November 08, 2018
PetroNeft has announced that cased-hole testing of the J1-1 and J1-3 intervals of the Cheremshanskoye No.4 (C-4) well in Licence 67 has confirmed the excellent results from the open-hole testing reported on Aug. 28.
News
October 19, 2018
Russia has begun discussions with Exxon Mobil on possible new oil and gas projects, potentially creating a dilemma as the U.S. government mulls more sanctions against the country.
News
October 04, 2018
Two oil company bosses shared a stage with one of the most powerful men in the market, and all they wanted to do was brag about natural gas.
News
October 03, 2018
Russian President Vladimir Putin said his American counterpart’s Iran sanctions are largely to blame for current high oil prices.
News
October 03, 2018
Russia and Saudi Arabia are pumping an extra 1 MMbpd of oil and could do even more. Yet the market doesn’t seem to care.
News
October 02, 2018
Russia’s oil production hit a post-Soviet high last month as the country rolled back the output cuts it had agreed on with OPEC.
News
September 28, 2018
When former U.S. President Obama imposed sanctions on Russia in 2014, a drop in oil prices turned the penalties into a crushing blow. This time round, markets are doing the opposite.
News
September 27, 2018
A plan by the EU, Russia and China to sidestep U.S. sanctions on Iran by using an alternative payment system won’t give its buyers a free pass to handle Iranian crude.
News
September 21, 2018
Russia’s oil companies are simultaneously enjoying record production and the highest prices ever in the local currency.
News
September 21, 2018
OPEC seems poised for another contentious meeting in Algeria this weekend as Iran threatens to veto decisions.
