Wednesday, April 14, 2021
The Russian government slashed its forecast for oil, gas and coal production for this and next year, according to a decree on amendments to the Russian state program for energy development, published on the official legal information portal, Sputnik reports. The production of oil, including gas condensate, in Russia in...
Russian state-run energy giant Gazprom increased shipments of natural gas to Europe by 30.7% in the first quarter of the current year, preliminary data shows, RT writes. The impressive year-on-year surge, to nearly 53 billion cubic meters, is reportedly due to the cold (in European terms) winter season. In March,...
Foreign warships and vessels are demonstrating higher activity in the pipelay area of the Nord Stream 2 gas pipeline, Branch Director of Nord Stream 2 AG, the project operator, Andrei Minin told reporters on Thursday, TASS informs. "Higher activity of naval vessels, airplanes and helicopters and civilian vessels of foreign...
Foreign investors and entrepreneurs show growing interest in the development of the Northern Sea Route (NSR), Russian Ambassador at Large for the Arctic Cooperation at the Ministry of Foreign Affairs Nikolay Korchunov told TASS. According to him, international businesses “have high practical demand for Arctic projects, whose long-term strategy stipulates...
Saudi Arabia and Russia, key parties of the OPEC+ deal, are reportedly willing to support a rollover of the alliance's oil production cuts for at least a month, as crude demand has not fully recovered from the coronavirus crisis, RT informed. The Organization of the Petroleum Exporting Countries (OPEC) and...
Production of emeralds in Russia is expected to grow by 20% in 2021, according to RT-Capital, a subsidiary of Russian state-controlled corporation Rostec, which operates the country’s only emerald placer mine, RT writes. The outlook comes after a 10% drop recorded last year, when output amounted to a modest 150...
Russia’s Finance Ministry has allowed the National Wealth Fund (NWF) to diversify its assets by investing part of the funds into precious metals, including gold, RT writes. The share of gold, which is seen as one of the most “protective” assets, has been significantly boosted in Russia’s foreign exchange reserves,...
The incident of Suez Canal blocking by the Ever Given container ship may result in growing demand for the Russian Urals export oil blend, Senior Freight Analyst of Vortexa consultancy Arthur Richier told TASS on Friday. It is correct to assume that the Russian Urals is similar to Middle Eastern...
Tough talk on energy issues doesn’t stop the US from purchasing a record share of Russian crude in 2020. American refineries reportedly loaded 538,000 barrels of Russian crude and oil products daily, breaking a decade-old record, RT reported. According to the data tracked by the US Energy Information Administration (EIA),...
Russian oil shipments to the U.S. hit a record high last year, according to calculations by Bloomberg, while at the same time Washington was amping up its warnings about Europe’s energy dependence on Russia, The Moscow Times reports. Russia leapfrogged Saudi Arabia to become the third-largest oil supplier to the U.S....

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