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Tag: Russia

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…

What Will Happen to Russian Oil, Gas Projects on Shelf

Falling oil prices below $ 30, contrary to many idle talks, has not canceled Russia’s offshore oil and gas projects, both current and prospective. But…

US, Russia top energy officials discuss oil prices, agree on dialogue involving G20

The oil market has been extremely volatile since early March after OPEC+ members failed to reach an agreement on oil production cuts, and also amid…

Russian companies to supply oil to Belarus without premiums

Russian companies will supply oil to Belarus without premiums, BelTA learned from Prime Minister of Belarus Sergei Rumas on 24 March. Sergei Rumas said: “Since…

Gas Production in Russia to Beat Record in 2018

Natural gas production in Russia this year will exceed 700 bcm, which will be a new record. “The record of gas production will be set…

Russian natural resources ministry admits sanctions are biting on natural gas projects

Sanctions against Russian oil and gas industry have complicated new gas projects development in the country, especially offshore and at hard-to-extract fields, the country’s natural…

Export Duty on Oil in Russia to Grow from September 1

The export duty on oil in Russia from September 1, 2017, according to the calculations of the RF Ministry of Finance, will increase by $…

Gas Production in Russia Increased by 11.3% in H1 of 2017

The volume of gas production in Russia in January-June of 2017 increased by 11.3% compared to the same indicator of 2016 and amounted to 342.543…

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