Russia & FSU
News
December 14, 2020
The deal unlocks plans to boost output from the Karachaganak field and funnels additional revenue to the Kazakh economy, which is heading for its first annual contraction in more than two decades amid oil’s slump.
News
December 11, 2020
From Azerbaijan to Syria to Libya, Erdogan’s drive to rebuild Turkey’s influence as a regional power has forced Russia to roll back its ambitions. Even as Erdogan increasingly positions himself as a check on the Kremlin’s geopolitical reach, Putin has nothing but warm words for his Black Sea neighbor in public.
News
December 07, 2020
“The peak of consumption may have already passed,” Deputy Finance Minister Vladimir Kolychev said in an interview in Moscow. “The risk is rising in the longer term” that hydrocarbon revenues could come in below the current outlook, he said.
News
October 23, 2020
While Putin said his preference was to adhere to the current plan, his comments are a show of unity between Russia and Saudi Arabia, whose leaders have been engaged in intense telephone diplomacy this month.
News
October 15, 2020
The nation’s producers, which have reduced oil drilling by as much as one-third so far this year, may cut it by a further 20% in 2021, said Vitaly Dokunikhin, CEO at Eriell Russia.
News
October 14, 2020
Currently, “we expect we will be able to gradually raise production, in line with the conditions of the agreement, without harming the market,” Alexander Novak said in his column for the October issue of Energy Policy magazine.
News
October 07, 2020
The regulator said the 9.5 billion-euro ($11 billion) pipeline will impede competition and “violates the interests of consumers.”
News
September 28, 2020
The conflict centers on the Nagorno-Karabakh region claimed by both countries. In theory, it has the potential to disrupt oil and gas flows from Azerbaijan, since export pipelines from the Caspian Sea region’s second-biggest crude producer run within just 10 miles of its border with Armenia.
News
September 11, 2020
On September 17th, Saudi Arabia and Russia will chair a monitoring meeting to assess whether the vast production cuts, which they started easing in August, are still staving off an oil glut. New signs of exporters reneging on the deal aren’t helping.
News
August 19, 2020
Saudi Energy Minister Prince Abdulaziz bin Salman and his Russian counterpart Alexander Novak hailed the rebound in oil prices and demand, but repeatedly urged their allies in a video conference on Wednesday not to ease off their output curbs.
News
July 30, 2020
Weatherford International successfully and remotely used a restricted crew to install a 16-inch liner hanger on an offshore platform in Sakhalin Island, Russia during the COVID-19 lockdown.
News
July 22, 2020
Russian President Vladimir Putin ordered his government to consider hedging Russia’s massive oil and gas export revenues to protect the country from drops in prices, Interfax reported Wednesday.
News
July 21, 2020
The Interstate Oil and Gas Compact Commission (IOGCC) this week passed Railroad Commission Chairman Wayne Christian's resolution urging the federal government to investigate excessive dumping of crude oil by Saudi Arabia and Russia and take appropriate action.
News
July 10, 2020
Having successfully doubled crude prices over the past few months through unprecedented output cuts, the OPEC+ alliance led by the Saudis and Russia is poised to begin unwinding its stimulus measures.
News
July 01, 2020
Russian President Vladimir Putin is on course to secure a resounding endorsement of his bid to extend his two-decade-long rule potentially up to 2036, as the Kremlin faces criticism for its heavy-handed efforts to marshal support.
News
June 26, 2020
World Oil editors review the Dallas Fed's recent oil production survey among U.S. operators and service companies, and discover a "split personality" between production estimate and pricing models that could lead to an oil supply shock in 2021.
News
June 23, 2020
Cuts from one of the world's largest oil producers helped to increase demand for other European grades and recently boosted their values in the market where actual barrels of oil are traded.
News
June 11, 2020
The mishandling of the biggest Arctic oil spill ever infuriated Russian President Vladimir Putin and could be the catalyst for adoption of modern environmental regulations.
News
June 03, 2020
A meeting between OPEC and its allies is unlikely to happen this week as Saudi Arabia and Russia draw a hard line over quota cheating by some nations.
News
June 02, 2020
Europe is choking with gas as demand slumped in line with the virus-stricken global economy, storage sites are more full than usual and little respite is seen in liquefied natural gas imports, even with benchmark prices near record lows.
News
May 29, 2020
The move, if confirmed, would give the oil cartel more flexibility to change its current production limits. The existing deal, struck in April as energy demand and prices collapsed because of the coronavirus pandemic, calls for curbs to ease from July.
