Russian oil output fell to 11.11 million barrels per day in May, its lowest level since June 2018, from 11.23 million bpd in April, Energy Ministry data showed on Sunday, according to Mail.ru News.
The country’s Druzhba pipeline, which usually ships one million bpd, or 1 percent of global oil...
Key Russian defense advisers from state-owned corporation Rostec have left Venezuela, in a blow for President Nicolas Maduro, as Moscow weighs the leader’s political and economic resilience against growing U.S. pressure, the Wall Street Journal reports.
State defense contractor Rostec, which has trained Venezuelan troops and advised on securing...
With rare earths being one of the focal points of the U.S.-China trade war, Russia is being touted as a possible significant supplier of the critical minerals needed for the electronics industry, Bloomberg writes.
The country accounts for less than two percent of global production but owns the world's fourth-biggest...
Russian oil output fell to 11.11 million barrels per day (bpd) in May, its lowest level since June 2018, from 11.23 million bpd in April, Energy Ministry data showed on Sunday, Reuters reports.
The production fall resulted mainly from the closure due to oil contamination of Russia’s Druzhba pipeline, which...
First-quarter net income of Russia’s energy giant Gazprom rose 44% to 536 billion rubles ($8.3 billion) on higher gas sales and prices, despite a drop in export volumes, the gas producer reported on Thursday, according to Port News.
Revenue in the January-March quarter rose to 2.29 trillion rubles from 2.14...
Russia sent a much smaller amount of contaminated oil to Europe than claimed by Belarus and Poland, Russia’s pipeline monopoly said on Thursday, in the latest twist in the country’s worst oil export crisis, Kommersant reports.
Belarus, which transits Russian oil to Poland, said some 5 million tons of oil contaminated...
The European Union should protect its companies from the United States' ongoing attempts to dictate energy policy and the accompanying threats of sanctions over the Nord Stream 2 gas pipeline, the CEO of the Austrian oil and gas company OMV, Rainer Seele, has said, according to EADaily.
The pipeline, which will...
The Russian government and oil pipeline operator Transneft are in disagreement over who should pay to clean up the contamination of the Druzhba pipeline that halted oil exports to Europe, RBC reports.
Moscow admitted in late April that its Druzhba (“Friendship”) pipeline had been polluted with organic chloride, leading European...
China wants to import more Russian natural gas via the Power of Siberia pipeline, senior Gazprom executive Elena Burmistrova said on Tuesday, according to Reuters.
"Our Chinese partners are very much interested in additional imports," she told reporters at a press conference regarding the gas giant’s plans to enter Asia...
Russia’s oil exports via Transneft pipelines, including Druzhba, dropped 6% during May 1-26 versus the April average, industry sources told Reuters. According to the news agency, the country’s oil production continues to feel the pressure from lower exports after shipments via the Druzhba pipeline to Europe were found to...
