U.S. Energy Secretary Rick Perry will meet Russia’s oil minister next week in Washington, a person familiar with the situation said on Friday, according to the Wall Street Journal.
The meeting would come at a time when the two countries compete to supply markets with natural gas and crude oil,...
OPEC members and other major oil producers including Russia announced a deal late on Friday that will increase oil supplies from the producer group, The Guardian reports.
OPEC has been capping output in order to balance the market and boost prices for the last 18 months.
The agreement came after a...
Russia hopes to seize the opportunity presented by it hosting a major sporting event presents to boost investment in a country’s transport infrastructure and to put cash into new clean technologies.
For this year’s FIFA World Cup, Russian cities were buying more gas-powered vehicles and expanding refueling infrastructure before the...
Iran's oil minister has walked away from negotiations with other major oil producers over a significant increase in oil production advocated by Russia and Tehran's arch-rival, Saudi Arabia, The Wall Street Journal reported.
Iranian Oil Minister Bijan Zanganeh's exit from a meeting in Vienna on June 21 threw into question...
The Qatari sovereign wealth fund (QIA), which recently acquired ownership of 18.93% in Rosneft shares, allows for a further increase in the stake in the Russian company to more than 20%, subject to availability, QIA president for research and development Fayzal al-Suwaydi said, according to TASS.
“Rosneft is a good...
As Russia and Saudi Arabia plan to propose a crude production increase of 1.5 million barrels per day in order to stabilize output and bring the market to balance, Russian oil companies support the trend and are ready to contribute to the boost, Izvestya reports.
"There are various outlooks on oil...
In unexpected back to back trips, Bulgaria's top officials are traveling to Russia to solicit help from Vladimir Putin, regarding the country’s energy situation. Last week, Bulgarian president Rumen Radev visited the Russian president in Sochi to “restore dialogue between our countries to the highest possible level,” as he put...
Ukraine state oil and gas firm Naftogaz said on Tuesday a London court has granted its request to freeze the British assets of Russia's Gazprom, to enforce an earlier arbitration ruling from Sweden, The Financial Times reports.
That ruling, made by the Stockholm arbitration court in February, was meant to...
The United States will be the world's top oil producer in just a matter of months, says Pioneer Natural Resources Chairman Scott Sheffield. He told CNNMoney that he expects U.S. production to surpass 11 million barrels a day within the next three to four months.
If achieved, that level of output...
Russia’s First Deputy Energy Minister Aleksei Texler expects participants of the OPEC+ deal to define a new goal of the agreement at the meeting on June 23, Interfax reports.
"The Vienna alliance (OPEC+) is not involved in price regulation. (Previously) there was a certain goal, which has been met recently...
