Russia
News
March 30, 2020
Oil demand is getting hammered at a faster pace than anyone had predicted and landlocked crude production in the U.S., Russia and Canada is most vulnerable, according to Goldman Sachs Group Inc.
News
March 27, 2020
Russian oil giant Rosneft PJSC sold its assets in Venezuela to the Russian government, in what may be a maneuver to avoid any U.S. sanctions in an escalating fight between Caracas, Washington and Moscow.
News
March 27, 2020
Saudi Arabia held firm on its position in the price war with Russia, saying on Friday that the kingdom hasn’t had any contacts with Moscow about oil production cuts or about enlarging the OPEC+ alliance.
News
March 24, 2020
With OPEC’s output limits suspended and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share.
News
March 23, 2020
There is no doubt that the actions of Russia and Saudi Arabia have been predatory. And many industry professionals, as evidenced by our survey, are highly concerned about the potential effect/damage to the U.S. upstream industry.
News
March 20, 2020
Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue.
News
March 19, 2020
President Donald Trump said Thursday he may intervene in an oil price war between Russia and Saudi Arabia that has U.S. oil drillers reeling, but that for now low prices are like a tax cut for American consumers.
News
March 18, 2020
With oil plummeting near an 18-year low amid unprecedented supply and demand shocks, Russia finally admitted: crude is too cheap.
News
March 17, 2020
Oil’s freefall amid a deepening price war and a global pandemic threatens to complicate Russian efforts to turn the Arctic into a major new energy zone.
News
March 17, 2020
The trading arm of a Chinese state-owned refiner is turning away crude from Russian energy giant Rosneft PJSC, the parent of a unit hit by U.S. sanctions.
News
March 15, 2020
Russia, the world’s largest energy exporter, said the current oil-price slump was expected and it doesn’t plan talks with Saudi Arabia for the time being.
News
March 12, 2020
TNK Trading International SA, a Geneva-based Rosneft subsidiary, was sanctioned for helping transport Venezuelan crude oil, the Treasury Department said Thursday in a statement.
News
March 12, 2020
Does the coronavirus offer a prime opportunity for Russia and Saudi Arabia to team up against U.S. shale producers? Or, as international oil analyst and author, Mr. Simon Watkins, says in today's show, is this a "last throw of the dice" for the Saudis?
News
March 12, 2020
A flood of discounted Saudi crude is heading for Europe, but Russia might just have the only producers in the world equipped to compete with it.
News
March 11, 2020
As the UAE piles on to Saudi Arabia and Russia’s production hikes, is this the time for the U.S. to implement an import fee to partially protect domestic output?
News
March 10, 2020
Saudi Arabia and Russia are solidifying their plans to flood the market with crude, while the door remains open for another OPEC discussion.
News
March 10, 2020
Russia stepped up its price war with Saudi Arabia by warning it can raise oil production, while also saying further cooperation with OPEC is possible.
News
March 09, 2020
U.S. Treasury Secretary Steven Mnuchin “emphasized the importance of orderly energy markets” to the Russian ambassador in Washington, Anatoly Antonov, in a meeting on Monday, according to a statement.
News
March 09, 2020
On today’s show, World Oil Editor-In-Chief, Kurt Abraham, takes a look at some of the drivers behind previous collapses in the price of oil, and discuss how the fallout from last week’s OPEC+ meetings are impacting prices now.
News
March 09, 2020
Russia’s finance ministry said that the country’s oil-wealth reserves would be sufficient to cover lost revenue “for six to 10 years” at oil prices of $25 to $30 a barrel.
News
March 09, 2020
Oil markets tumbled more than 30% after the disintegration of the OPEC+ alliance triggered an all-out price-war between Saudi Arabia and Russia that is likely to have sweeping political and economic consequences.
