Russian oil exports in January 2019 declined in value terms by 18.2% compared to the same period in 2018 and amounted to $8.7 billion, the Russian Federal Customs Service announced, according to TASS news agency.
The physical volume of oil exports decreased in the reporting period by 10.1% and amounted...
Two Colorado uranium producers are asking Donald Trump to crack down on imports from Russia and central Asia in the name of U.S. national security, arguing the country has lost its ability to meet the needs of its nuclear weapons stockpile, naval vessels, and power plants.
In a petition filed...
A sharp increase in U.S. oil production is raising questions about the share of OPEC and non-OPEC countries in the global oil market after they decreased their production, a new report by the International Energy Agency (IEA) has revealed.
The 24 OPEC and non-OPEC countries, headed by the biggest producers...
Moscow is ready to have consultations with Kiev to preserve the gas transit from Russia to the European Union via Ukraine after the Nord Stream 2 gas pipeline is put into operation, Russia’s foreign minister Sergei Lavrov has said.
Speaking at a news conference in Moscow after his meeting with...
Anglo-Dutch oil conglomerate Royal Dutch Shell is in talks to buy a stake in an oil and gas project from Russia’s state-owned Gazprom Neft, according to three sources familiar with the discussions speaking to Reuters.
Reuters’ sources said Shell is negotiating with Gazprom Neft, Russia’s third-largest oil producer, about acquiring...
Anatoly Loktionov, a former vice president of Russia’s state-run oil giant Rosneft, has returned to Russia, a spokesperson for Russian business ombudsman Boris Titov said late on Thursday, Russia’s legal information agency RAPSI reports.
"Today former Rosneft vice president Anatoly Loktionov, who is on the so-called London List comprised by...
OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain divided on whether the curbs should remain in place through the end of the year, officials said Sunday, according to CNBC.
Saudi Arabia, the de facto leader of the Organization of the...
European refiners are forced to buy increasingly expensive Russian oil to replace sour crude Washington has blocked from the global market by imposing oil sanctions on Venezuela and Iran, Reuters reports citing trading sources and data.
The impact of sanctions is compounded by OPEC members, which have mainly cut sour...
Gazprom plans to lay a new pipeline to Europe, the Deputy Chairman of the company’s Managerial Committee, Alexander Medvedev, said in an interview with Rossiya-24 TV.
“We have confirmed reserves, we have transport and we are building new transport routes. If Europe tells us what it needs and is ready to sign the pertinent contracts,...
A mine and production facility in a major copper-gold deposit, Peschanka, in Russia’s Chukotka, is scheduled to begin work 2022, the region’s Governor Roman Kopin told a news conference on Tuesday.
"We shall see first investment in 2018, and the project to produce metal is due from 2022," he...
