The United States overcame Russia in August to claim the title of world’s top oil producer, with the largest year-on-year output increase in its history, Reuters reported.
U.S. output climbed to a record 11.346 million barrels a day, according to a monthly report issued Wednesday by the U.S. Energy Information Administration...
Russia’s Rosneft may start supplying oil to CITIC Resources, a subsidiary of the Chinese state fund CITIC, two sources close to the parties at talks told Vedomosti.
This concerns a contract that Rosneft signed with China’s CEFC in September 2017. Under the deal, the Russian oil company was expected...
The expansion of Russia’s Turkish Stream pipeline to Bulgaria is considered by Central and Eastern European Countries (CEEC) as an important potential for gas diversification and demand from the EU, politicians and analysts said at the Eurasian Energy Security Forum in Belgrade this week.
This opportunity the Turkish Stream...
As oil refineries across the world are bracing themselves for the once-in-a-generation shift to cleaner marine fuels from 2020, Russia is set to suffer the biggest revenue losses from the rules, because the world’s top exporter of the sulfurous residual oil that powers ships doesn’t look prepared for the...
Russia sees no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets could be facing a deficit, energy Minister Alexander Novak said on Saturday according to Reuters.
The Organization of Petroleum Exporting Countries (OPEC) and its partners led by...
U.S. President Donald Trump claimed on Saturday that Russia has looked to receive economic assistance from the United States and also praised his own summit with Russian President Vladimir Putin, according to pro-Kremlin news outlet Sputnik.
In a speech at a rally in the state of Illinois, Trump said:
“I had...
Russia is ready to continue cooperation with OPEC and non-OPEC oil producers, Russian Energy Minister Alexander Novak told reporters on Thursday, according to Financial One.
He added that the oil market is currently in balance despite volatile inventories.
Separately, he said there are other investors apart from Saudi Aramco who are...
The world's largest industrial gas company, Germany’s Linde Group, has been awarded a contract by Russian mining and metallurgy giant Metalloinvest for the long-term supply of oxygen, nitrogen and argon to Ural Steel (part of Metalloinvest), the two companies said in a statement.
The German chemical giant is to invest...
The head of Russia's state-controlled oil giant Rosneft is warning that U.S. sanctions on Iran and Venezuela will trigger "major imbalances in the oil market."
Rosneft Chief Executive Igor Sechin, a close ally of President Vladimir Putin, on Thursday predicted an increase in oil prices and a reduction in global oil...
European and American experts and security officials have raised concerns over Russia’s planned Nord Stream 2 gas pipeline, calling the $11 billion project a security threat for the EU and NATO, The Kyiv Post reports.
The Nord Stream 2 project is a major expansion of an existing pipeline that will allow...
