Gazprom’s Hold On European Gas Market Slips
The record stockpile of natural gas in northwest Europe and Italy is eating into the regions’ thirst for Gazprom’s product, according to Reuters, and the…
Russian Energy Minister: Global Oil Investment To Drop By One-Third
Global investment in oil is set to plunge by one-third this year due to the coronavirus and its effect on economies and oil demand, Russia’s…
Bloomberg: Russian Urals Oil Exports to Drop 40% in July
In July, the export of Russian Urals oil is planned in the amount of 785 thousand bpd, which is 40% less than in June, the…
LUKOIL Holds Staff Appointments among Top Managers
“In connection with the election of Ravil Maganov to the post of chairman of the Board of Directors of PJSC LUKOIL, Vadim Vorobyov has been…
Europe Shuns Russia’s Crude Oil As Price Soars
European refiners are shunning Russia’s flagship crude grade Urals, which is now more expensive than Brent Crude after Russia cut its exports as part of…
Russia Develops Drone-Disabling Systems To Protect Oil Facilities
Russian state-controlled cybersecurity company Concern Avtomatika JSC is selling systems capable of disabling drones that target oil facilities—technology that has become sought-after in Russia and…
Russian Oil Revenues Decreased by 25% in Four Months
The volume of Russian oil export in January-April 2020 decreased by 1% compared to the same period last year – from 72 million tons to…
Russia Expects Average Price of Urals Oil in 2020 at $ 35 per Barrel
The Ministry of Energy of the Russian Federation expects that the average price of Russian Urals oil in 2020 will be $ 35 per barrel, the Minister Alexander…
Novak: Oil Price of $ 40 per Barrel Reflects Real Situation in Market
Today’s oil quotes objectively reflect the supply and demand situation that arose under the restrictive measures introduced to combat the COVID-19 coronavirus, Russian Energy Minister…
Russian Sovereign Wealth Fund Speaks Out Against Further OPEC+ Cuts
The one-month extension to the deepest OPEC+ oil production cuts will be enough to speed up market rebalancing and there is no need to extend…