Russia’s Gazprom Neft said on Thursday that cooperation with OPEC producers on curbing oil output could last until the first half of 2019, Reuters reported.
Sergey Vakulenko, head of strategic planning, said that the company was basing its planning on that assumption.
Russia and OPEC struck a deal late last year to...
Tehran hopes to sign partnership deals with Russian oil and gas companies this year, Iranian ambassador to Russia Mehdi Sanai said in an interview with RIA Novosti.
The two Russian oil and gas giants, Rosneft and Gazprom, have particularly good developments in cooperation, the ambassador said, adding that half of the funds that...
Dozens of tons of surplus weapons-grade plutonium—enough material to make about thousands of nuclear bombs, are awaiting disposal in both Russia and the United States, as the two countries haven’t complied with an agreement they signed 20 years ago.
“Moscow was supposed to start destroying this stockpile, but has yet...
After Moscow has re-routed large volumes of crude to China, European refineries are threatening to cut Russian oil purchases due to worsening quality, Reuters reports.
Russia is sending oil to China as part of its fight with OPEC and the United States for market share in fast-growing Asian markets.
But now the...
One of the world’s largest oil and gas companies, French giant Total, managed to "build bridges" with Russia despite sanctions, its chairman and CEO Patrick Pouyanne said in an interview with Le Monde.
"Sanctions are a corrupted system that damages people who have no other choice but to support their country,"...
Three Turkish companies pulled out of a project to build the first nuclear plant power in the country, leaving their partner, Russian energy giant Rosatom, alone in the endeavor, company officials told Anadolu Agency on Tuesday.
Rosatom holds the majority share of the Akkuyu Nuclear Power Plant (NPP) with 51 percent,...
U.S. Secretary of State Rex Tillerson said Sunday that Washington is considering to restrict purchases of oil from crisis-torn Venezuela, The Los Angeles Times reported.
The U.S. wants “free, fair, and verifiable elections” in Venezuela and wants to apply enough pressure to end the crisis in the South American country, Tillerson...
Driven by record output in Texas, American oil production averaged more than 10 million barrels a day for the first time in nearly half a century as oil prices rose, drillers became more efficient, and export markets grew, Newsok reports.
The U.S. Energy Department said Thursday that average crude production reached...
Russia's Finance Ministry is expected to increase purchases of foreign currency in February to a record high as oil prices rise, analysts told Reuters.
The median forecast of eight analysts polled by the news agency was for the ministry to buy an equivalent of 292.5 billion roubles ($5.26 billion) between...
Russia's largest non-state natural gas producer Novatek will launch a second line at its Yamal LNG plant in September, the RIA news agency cited the company as saying on Wednesday.
Novatek owns a 50.1 percent stake in Yamal LNG. France's Total and China National Petroleum Corp each control 20 percent,...
