Igor Sechin, the powerful head of Russia's largest oil company, Rosneft, has downplayed the disagreement with Saudi Arabia that led to a dramatic fall in oil prices, and he predicted a quick rebound sometime this year as U.S. shale production is knocked out, Lenta.ru reports.
The Rosneft CEO told state...
A months-long oil supply dispute with Belarus has been settled, according to a report by Reuters, while officially, Russian Prime Minister Mikhail Mishustin spoke with his Belarusian counterpart Syarhey Rumas about oil deliveries.
Three industry sources told the news agency on Monday that the two sides have resolved the three-month...
The coronavirus pandemic might delay the launch of new gas liquefaction facilities in anticipation of stabilization of markets, the head of the Contract Structuring and Pricing Directorate at Gazprom Export Sergey Komlev said in an article for Gazprom’s corporate magazine.
"Spot LNG prices in Asia showed a phenomenal drop to...
With prices in rapid decline due to the fall in demand amid the coronavirus outbreak, Russian energy giant Gazprom might be getting the lowest gas price in 15 years from its primary market — Europe — this year, Kommersant reports.
Spot prices have fallen to the level of $100 per 1,000...
Russia did not want to end cooperation with OPEC and did not seek a sharp drop in oil prices, a senior Russian official told TASS news agency, adding that the Gulf nations are to blame for the crisis on global oil markets.
The Organization of Petroleum Exporting Countries (OPEC) and...
Russia’s First Deputy Prime Minister Andrei Belousov said in an interview with the ‘Vesti v Subbotu’ (News on Saturday) program on the Rossiya-1 TV channel that oil prices should reach about $35-40 per barrel.
"My estimation is that will adjust at the level of about $35-40. There are other...
Moscow and Riyadh are not waging any wars over oil prices, Russia’s presidential spokesman Dmitry Peskov said on Friday, according to Finanz.ru.
He said he is certain that other states “should not interfere in the partnership between the two countries.” "There are no price wars between Russia and Saudi Arabia....
A subsidiary of Chinese state-owned refiner Sinochem Group has refused to buy oil from Russian energy giant Rosneft, the parent of a unit hit by U.S. sanctions, Bloomberg reported.
On Monday, the company, Sinochem International Oil (Singapore), sought crude for May-to-June delivery, according to company documentation seen by the news...
Oil supplies from Russia to China in January 2020 fell by almost 30% compared to the same month of 2019 in monetary terms, while in physical terms, the decrease is even more noticeable - 36%, Gazeta.ru reports citing official data.
Analysts attribute the negative trend to the combination of the coronavirus...
New measures to prop up the ruble and Russia’s oil producers were announced on Thursday, as the government is trying to manage the economy in times of sinking oil prices and global panic over the coronavirus, the Moscow Times reports.
"The government and the Central Bank will continue to take...
