G7 price cap on Russian oil kicks in, Russia will only sell at market price
The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow’s ability to finance…
Russia has been suspending oil exports via Azerbaijani pipeline since December due to sanctions
Russia’s Lukoil will stop exports from its Caspian oilfields via the Baku-Tbilisi-Ceyhan (BTC) pipeline from December due to Western sanctions and divert them to the…
In October, oil production in Russia amounted to 9.9 million bpd
In October, Russia’s oil production amounted to 9.9 million bpd, Deputy Prime Minister Alexander Novak told reporters. Earlier, Novak said that in November, production will remain…
Oil production at Sakhalin-1 decreased by 22 times
Oil production at the Sakhalin-1 project decreased by 22 times – to 10,000 barrels per day – due to restrictions and downtime, Russian Deputy Prime…
Ukraine crisis: Why India is buying more Russian oil
Russia is seeking new markets for its oil exports as Western sanctions tighten – and India has been taking advantage of discounted prices to ramp…
Russia may earn additional $50 bn from rising oil and gas prices
Oil and gas revenues of the Russian budget and extra-budgetary funds in 2021 may grow by almost 70% compared to the level of 2020 or…
In June, Russia produced 9.57 million barrels per day of oil
Oil production in Russia, excluding gas condensate, in June amounted to 9.568 million barrels per day, the OPEC + deal was completed by about 93%,…
Russian Oil Sales Collapse
Oil exports from Russia in January in monetary terms fell by 42.8% compared to last year (to $ 5.708 billion) and physical exports fell to…
Russian Oil Giant Rosneft Sees Profits Slide 79% In 2020
Rosneft reported a 79-percent drop in 2020 net profits to $2.2 billion (147 billion rubles), with its fourth-quarter result hitting a record high after a loss…
Two-thirds of Russian Oil Recognized as Unprofitable
Deputy Minister of Energy of the Russian Federation Pavel Sorokin wrote about this in an article for the Energy Policy magazine “According to the inventory…
Oil Production in Russia to Decrease by 8.4%
Oil production in Russia by the end of 2020 will decrease by 8.4%, to 514 million tons, and gas – by 5%, to about 700…
Oil, Gas Production in Russia Collapsed at Record since Collapse of USSR
The raw materials industry, due to which the country receives 80% of its proceeds in foreign currency, is experiencing a recession, which statistics have not…
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…
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…
Tanker with Russian oil for Belarus arrives in Klaipeda
The first tanker with Russian oil purchased by Belarus from traders has arrived in the port of Klaipeda, Lithuania, press secretary of Belneftekhim holding Alexander…
Russian Gazprom Neft ready to negotiate oil deliveries to Belarus
Gazprom Neft Company is ready to discuss various schemes for oil deliveries with Belarus. The head of the Russian company Aleksandr Dyukov made the relevant statement…
Russian Oil to Be Supplied to Uzbekistan through Kazakhstan
The Russian Energy Minister Alexander Novak and the Kazakh Energy Minister Kanat Bozumbayev discussed transportation of Russian oil to Uzbekistan through Kazakhstan in Vienna yesterday,…