Russia
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.
News
March 06, 2020
Five years of austerity and safeguarding assets against the threat of U.S. sanctions have left Russia in a stronger position than ever before to cope with lower oil prices.
News
March 06, 2020
At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss was ready to turn the global oil market upside down.
News
March 06, 2020
Saudi Arabia plans to boost oil output next month to well above 10 MMbpd, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia.
News
March 06, 2020
Russia resisted pressure from OPEC allies to make deeper production cuts, pushing the cartel’s high-stakes diplomatic gamble to the brink of failure and sending prices plunging.
News
March 04, 2020
Oil pared gains after Russian Energy Minister Alexander Novak left the OPEC+ joint meeting in Vienna.
News
February 24, 2020
There are already signs that the latest U.S. sanctions thrown at Venezuela are failing.
News
February 19, 2020
Rosneft Trading, the main exporter of Venezuelan crude, was targeted by the U.S. for helping to sell the commodity that bankrolls Maduro.
News
February 18, 2020
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA.
News
February 17, 2020
A Russian pipe-laying vessel is on the move in the Far East, feeding speculation that Gazprom PJSC will work out a way to circumvent U.S. sanctions and complete a controversial natural gas link.
News
February 14, 2020
Asked about Russian efforts to circumvent U.S. sanctions on the pipeline by completing it on its own, U.S. Energy Secretary Dan Brouillette said “they can’t” -- and dismissed claims that project owner Gazprom PJSC will face only a short delay.
News
February 14, 2020
The warning comes amid a pricing disagreement between the two former Soviet republics, with Russian producers curtailing crude supply to the neighboring country this year.
News
February 06, 2020
The U.S. is weighing whether to sanction Russia’s biggest oil producer, Rosneft PJSC, for maintaining ties with Venezuela’s Nicolas Maduro, though American officials are wary that the move could cause chaos in global oil markets, according to people familiar with the matter.
News
February 06, 2020
Oil pared gains as an OPEC+ committee agreed on a required level of output cuts, but didn’t reach a decision on an emergency meeting as Russia resisted.
News
January 21, 2020
For the first time in Russia’s alliance with OPEC, the country is changing the way it makes oil-production cuts.
News
January 14, 2020
The development strategy for the new joint venture is aimed at addressing the challenge of digitally transforming the oil and gas sector through the application of Industry 4.0 technologies.
News
January 02, 2020
Despite being one of the architects of the original 2016 deal, Moscow has a poor record of fulfilling its pledged production cuts and has come under pressure from its allies to do better.
News
December 31, 2019
At stake are crude deliveries to Belarus totaling 24 million tons a year, while the future of transit volumes -- supplies passing through the country en route to Europe -- remains uncertain.
News
December 27, 2019
OPEC+ output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the future of the agreement beyond March.
News
December 23, 2019
Equinor and Rosneft have taken an investment decision on the first stage of the North Komsomolskoye full field development.
News
November 29, 2019
OPEC and its allies sent more signals that they’ll stick with existing output cuts at their meeting next week.
