Venezuela and Iran suffered the most from U.S. oil restrictions, where daily production fell by almost three million barrels. With Russia, everything turned out the other way around - production increased to 10.7 million barrels per day, which is how it turned out that Washington’s sanctions came to hand...
Russia produced less oil in October, lowering its output to 11.23 million barrels per day (bpd) last month from 11.25 million bpd in September, as it once again missed its obligations under a global pact to curb production, Reuters reports.
The Organization of the Petroleum Exporting Countries (OPEC), Russia and...
Swiss-based oilfield service firm Weatherford has signed two contracts worth $67 million for drilling services with two major operators in Russia, the company said in a press release.
Operations on the first contract began in July 2019 and will continue until the end of 2022. Weatherford is providing logging, measurement,...
The head of the Russian sovereign wealth fund RDIF Kirill Dmitriev said on Wednesday that his country will not be making a significant investment in Saudi oil giant Aramco, as the company prepares for its long-awaited launch on the stock market.
According to Reuters, Dmitriev made his comments as part...
Moldovan President Igor Dodon confirmed that the discount of $10-15 per 1,000 cubic meters of gas for Moldova, which he negotiated with Russian President Vladimir Putin in September, has entered into force, RIA Novosti reported on Wednesday
"Indeed, Moldova has been receiving cheaper gas from Gazprom starting from October 1,"...
Russia’s non-oil and gas, non-energy exports declined 4.7% in the first half of 2019 compared to the same period last year and amounted to 67.1 billion rubles ($1.05 billion), Izvestia wrote citing a report by the Ministry of Economic Development.
According to the newspaper, this was the figure’s first decline...
In a somewhat surprising move, Denmark said Wednesday that it is approving the laying of pipes for Nord Stream 2, a joint German-Russian underwater gas pipeline, through its territory, RBC reported.
The decision by the Danish Energy Agency to approve the Nord Stream 2 pipeline’s route is a victory for...
Russian oil majors Rosneft and Gazprom Neft will receive a total of 600 billion rubles ($9.4 billion) in tax breaks over 10 years for their work at the Priobskoye oilfield, a draft bill published on Tuesday said, according to Kommersant.
According to the bill, the Russian finance ministry is proposing...
Belarus is looking for ways to replace imports of Russian oil, considering options for crude supplies from various regions of the world through the ports of Ukraine and the Baltic states, a senior executive of state-run oil company Belneftekhim has said, according to TASS.
"We have been looking for alternative...
