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Tag: Russia

Again, Like One Year Ago, Saudi Arabia, Russia Disagree on Quotas

Saudi Arabia contacted a number of OPEC+ countries on February 21 about the parameters of the deal in April As RIA Novosti was told by a source…

Bank of Russia raises forecast for average price of Urals oil for 2021

The Bank of Russia (the Russian Central Bank) has raised its forecast for the average annual price for Urals oil in 2021 to $50 per…

Russia plans to back another OPEC+ production hike in February

MOSCOW (Bloomberg) –Russia plans to support a further gradual increase in OPEC+ production at the next meeting in January, because crude prices are within an…

Russia to Soon Present Draft Agreement on Single Gas Market in EAEU

The Eurasian Economic Commission (EEC) expects to receive the proposals worked out by the Russian side on an international treaty on the formation of a…

Russia’s Crude Oil Exports Drop 8% In January-August

Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local…

Lavrov: Russia Does Not Impose Its Gas on Anyone

Russia does not impose its gas on anyone, and talk about the dependence of European countries on it is aimed at sowing unfounded doubts, said…

Gazprom Sees Profits Slump In H1 2020

Russia’s Gazprom reported an operating profit of $2.57 billion (189.99 billion rubles) for the first half of the year, down from $10.57 billion (780.88 billion rubles) a…

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…

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…

Gasoline Production At Russian Refineries Drops To 15-Year Low

Gasoline production at Russia’s oil refineries slumped to the lowest level in 15 years in May as the country curtailed crude oil production as part…

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