The Siberian winter helps Russia comply with OPEC cuts
Russia cut 100,000 bpd of its crude oil production as early as in the first few days of the New…
Russia sold yet another 19.5% of Rosneft for 10.5 bln. euro
Russia said on Wednesday it sold a stake in oil giant Rosneft for 10.5 billion euros ($11.3 billion) to Qatar…
Turkey ratified the Turkish Stream agreement
Russian-Turkish agreement on construction of the Turkish Stream pipeline came into force on Tuesday, after the signature by Turkey’s President…
Oil price increases by 8% after OPEC’s decision to cut output
Organization of Petroleum Exporting Countries (OPEC) agreed on Wednesday to reduce production for the first time since the financial crisis…
Russians hurry to finish Turkish Stream
Gazprom is planning to spend more than $595 million in the expansion of the gas pipeline system to deliver gas…
Russia sells another 19.5 percent Rosneft stake by decree
Russia published a government decree on Monday ordering the sale of a 19.5 percent stake in state-controlled oil giant Rosneft…
Russian Rosneft sells more to Indians, more deals to come
Russia’s state-owned company Rosneft and India’s ONGC Videsh Limited have closed the transaction for the purchase of 11% of Vankorneft…
Bulgaria to pay Russia 400 mil. euro for canceled Belene project this year
Bulgaria will pay Russian state nuclear company Rosatom 400 million euros ($446 million), the bulk of the compensation for the…
Russia says oil output freeze effective for markets stabilization
Cooperation between the Organization of Petroleum Exporting Countries and Russia intensifies amid discussions on how Moscow could manage to support…
Russia opens the door for using the UNFC universal classification of energy resources
For years now, the global energy industry has been having an essential instrument in the description, evaluation and comparison of…
BRICS companies to invest up to USD 500 mln. in gold mine in Siberia
Mining companies from BRICS countries will invest up to $500 mln in the development of the gold ore field Klyuchevskoye…
Russia and Ukraine terminate agreement on operation of oil product pipelines
Russian Prime Minister Dmitry Medvedev has decreed to legally terminate an agreement that ended de facto between the Russian and…
Hansen, Saxo: Oil lower for longer
From the vantage point of early 2016, the year’s final quarter was widely expected to deliver a firm recovery for…
Russia agrees to cut oil production, but for just six months
It is reasonable to freeze crude production for six months with potential prolongation, Russia’s Energy Minister Alexander Novak said, quoted…
Russia and Norway in talks over gas exports to Europe
Russian Energy Minister Alexander Novak has discussed with his Norwegian counterpart Tord Lien common interests on the European gas market,…
Russia’s Central Bank estimates crude oil at 40 USD by 2019 end
The bank’s report says possible decision on freezing oil production will not have significant effect on rebalancing oil market. Russia’s…
Gazprom claims it received first permits for Turkish Stream pipeline
Gazprom has received through diplomatic channels first permits from the authorities of Turkey for the implementation of the Turkish Stream…