Russia and Saudi Arabia discuss the situation on the oil market
Russian Deputy Prime Minister Alexander Novak announced that Saudi Arabia and Russia will discuss the situation on the oil market…
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Alexander Novak
Russia’s crude oil supplies at the highest level in three months
Moscow is sending massive amounts of crude to the market, even as it announced it will extend its voluntary decision…
Gazprom significantly increased its natural gas exports to China
Gazprom is responsible for more than half of the increase in China’s gas imports this year, the Russian energy group’s…
Alexander Novak: This year, Russia sells over 80% of its oil to countries without an embargo
Russia intends to sell over 80% of its oil exports to “friendly” countries this year, Russian Deputy Prime Minister Alexander…
Russian gas exports down 25%, oil up 7.6% in 2022
Russian natural gas exports fell by 25.1% in 2022, affected by international sanctions, and the decline was only partially offset…
Gazprom exports continue to fall, down 18% in first weeks
Gazprom’s daily gas exports to its main markets fell in the first 15 days of this year to the lowest…
OPEC+ is not responding to US demands to increase oil production
The OPEC+ group (composed of the Organization of the Petroleum Exporting States and other major producers) has resisted calls from…
Gazprom’s gas exports are close to a new record-high
Gazprom’s gas supplies to countries outside the CIS (Commonwealth of Independent States) increased by 13.1% between January 1 and October…
Calls mount for new OPEC+ deal as oil prices and demand slide
Oil producers need to resume cooperation in an effort to stabilise the global market, Russian and OPEC officials said, as…
Putin says Nord Stream 2 to be completed by early 2021
Russian President Vladimir Putin said that he hopes work on the Nord Stream 2 gas pipeline will be finished by…
TurkStream second line will pass through Bulgaria and not Greece
The second line of the export gas pipeline TurkStream will pass through the territory of Bulgaria, not Greece, Russia’s Energy…
Russia accuses U.S. of forcing Europe to buy LNG, follows own export interest
Russian Energy Minister Alexander Novak on Tuesday accused the United States of forcing Europe to buy its liquefied natural gas…
Russia complies with global deal to cut oil output: Energy minister
Russia is complying fully with its pledge to cut oil production gradually, Energy Minister Alexander Novak said. He said Russian…
OPEC, Russia rebuff Trump’s call for immediate boost to oil output
OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group, Russia, ruled out on Sunday any immediate, additional…
EU and Ukraine in tug of war over Naftogaz unbundling
The European Commission has repeated its insistence on breaking up the Ukrainian national gas and oil monopoly Naftogaz, separating transmission…
Sanctions imposed on Russia present a ”huge risk,” Energy minister
The Russian Energy minister said that sanctions imposed on his country are economic competition measures that impact negatively on its…
Russian oil output hits record high in March
Russia’s oil output edged up in March to an 11-month high of 10.97 million barrels per day (bpd), slightly above…
Gazprom speaks out against OPEC production cut extension
While OPEC is said to be mostly leaning toward a 9-month extension of the production cuts, Russia’s Energy Minister Alexander…
OPEC seeks consensus on oil supply cut extension before meeting
Oil producers are working to build consensus on extending their deal to reduce supplies, OPEC’s secretary general said on Thursday,…
Russia struggles to unleash clean energy potential
In the rocky hills of southern Siberia, five hydropower plants operated by Russia’s EN+ Group churn out green electricity at one-sixth…
Major oil producers look to extend limiting the oil output by another six months
A joint committee of ministers from OPEC and non-OPEC oil producers has agreed to review whether a global pact to…