Republican and Democratic U.S. senators introduced legislation on Thursday to impose stiff new sanctions on Russia, the latest effort by lawmakers to punish Moscow over interference in U.S. elections and its activities in Syria and Ukraine, Platts reports.
The bill includes restrictions on new Russian sovereign debt transactions, energy and oil...
Investors are taking a closer look at Russian oil producers, as an 18-month production curb brought by the OPEC+ deal to decrease production by 1.8 million barrels per day (bpd) is proving successful, Vedomosti reports.
Oil reserves over the past year and a half shrank to a five-year average and...
Oil prices fell on Tuesday, on track for their largest monthly decline in two years after OPEC output reached a 2018 high in July, Reuters reports.
Comments from U.S. President Donald Trump which raised hopes that sanctions on Iranian oil exports could be avoided have also been a factor for the price decline,...
The Russian Ministry of Energy is planning to provide a series of preferences for companies that will use domestic gas turbine equipment, Kommersant reports.
A draft decree approving a mechanism of investments raising for thermal power plants upgrade has already been prepared, the report says.
In particular, thermal power plant commissioning...
Russia expects to export a total of 2.4 million metric tons (mt) of the medium sweet ESPO Blend crude in September, down 11.11% from August, the latest monthly loading program shows, according to Platts.
ESPO Blend’s September program runs from August 30 to October 1 and will comprise 24 cargoes...
Europe would build more terminals to import American liquefied natural gas (LNG) in order to solve the dispute over trade tariffs with Washington – this was part of an agreement between the President of the European Commission Jean-Claude Juncker and U.S. President Donald Trump last week, Nezavisimaya Gazeta writes in...
Јapan and Russia are cooperating on the construction of an LNG transfer hub in the country's far east, as Tokyo looks to diversify supplies of the energy source to guard against political risks and seeks to ease the transport of liquefied natural gas from northern Russia, the Nikkei Asian Review...
The production of oil and gas in Russia increased year-on-year in June, data provided by the Russian Economic Development Ministry shows, according to Izvestya.
The Ministry attributed the growth in oil production stems to the change in the OPEC+ deal parameters, which obliged the country to raise its output...
A tender for the design and construction of a 68.4-MW wind project was launched by the local government in Russia’s Leningrad region, the Russian Association of Wind Power Industry (RAWI) has said.
The competitive selection was launched last week by WWES Sviritsa in the form of an open request for...
A Russian tanker arrived in East China’s Jiangsu Province after 23 days at sea, delivering the first direct shipment of natural gas from Russia’s Yamal LNG in the Arctic, CGTN reports.
China is on track to become the world’s biggest importer of natural gas, in an effort to diversify its...
