OPEC+ countries reached an agreement to continue executing the deal in full scope, with the next meeting of the ministerial monitoring committee to be held this November, Russian Energy Minister Alexander Novak said in an interview with the Rossiya-24 TV Channel, TASS reported.
"An agreement was reached on the outcomes...
The US State Department said on Tuesday it has extended the sanctions against the Nord Stream 2 project to firms that provide services or funds to upgrade or install equipment on ships for laying the gas pipeline, RT informs.
“Such activities subject to sanctions pursuant to PEESA (the Protecting Europe's...
Russia’s second-largest producer, Lukoil, is eager to increase its oil production in Iraq once the production cuts of the OPEC+ group end, Egor Zubarev, Managing Director of Lukoil Mid-East, told Bloomberg.
Iraq’s current crude oil production is capped at around 3.6 million barrels per day (bpd) under the OPEC+ pact,...
Russia may support keeping cuts in global oil output unchanged after 2020, when they are due to be eased, if world markets worsen due to sluggish demand and a surge in new coronavirus cases, two industry sources told Reuters.
The Organization of the Petroleum Exporting Countries and other producers led...
The coronavirus outbreak and warmer-than-average winter season in Europe may push Russian natural gas exports down by 16 percent this year, Russia’s National Rating Agency (NRA) has warned, RT reported.
Global demand for blue fuel may contract between four and five percent in 2020 compared to the previous year, marking...
The United States on Friday rejected Russian President Vladimir Putin's proposal to extend the New START nuclear treaty for one year unconditionally, countering that both nations must cap warheads during the period, The Moscow Times reported.
"President Putin's response today to extend New START without freezing nuclear warheads is a...
With refiners across the globe facing serious problems and economic hardships amid the COVID-19 pandemic, SOCAR Trading’s CEO Mariam Almaszade is looking to innovation to alleviate the increasing socioeconomic pressure on the company.
The latest approach, spearheaded by Almaszade herself, envisions creating a global integrated oil products desk, recreating the...
Russian oil and gas condensate production in the first half of October declined 0.2% from September, Interfax news agency cited official data as showing on Friday, Reuters reported.
It said crude oil production without condensate, which is excluded from the OPEC+ deal on output cuts, could have reached 9.23 million...
The first phase of the game-changing, and sanctions skirting Goreh-Jask oil pipeline project will come on stream by the end of the current Iranian calendar year, RT reported.
With sanctions on Iran still in place following the US’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in May...
Russian Energy Minister Alexander Novak said on Wednesday he had invited other BRICS countries - Brazil, India, China and South Africa - to take part in joint oil and gas projects in the Arctic, Reuters reported.
In a speech at a meeting of energy ministers from the group of major...
