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The COVID-19 situation across Eurasia is getting worse

The COVID infection rate in Moscow is still growing and is also starting to rise in St Petersburg as well as in the Moscow...

The last party in the oil market

The Organization of the Petroleum Exporting Countries (OPEC) and other major crude producers led by Russia, a group so-called OPEC+, agreed on June 1...

No waves here: US waives sanctions for Nord Stream 2, CEO too

The US Department of State submitted on May 19 a report to Congress pursuant to the Protecting Europe’s Energy Security Act (PEESA), as amended,...

US sanctions against Russia less damaging that had been expected

The sanctions announced last week were milder than had been expected, with the exception of the ban on US investors buying Russian state issued...

OPEC+ meets as Saudis keep finger on the pumps, Russia wants gradual output increase

The Organization of Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, convened for talks chaired by Saudi Energy Minister Abdulaziz...

Saudi Arabia, Russia coordinate policy as OPEC+ leaves oil output unchanged

The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group so-called OPEC+, met by videoconference on March 4...

Gazprom’s TurkStream draws less heat than Nord Stream 2

Gazprom’s TurkStream natural gas pipeline to Turkey and Southeast Europe has drawn less opposition, certainly compared with the controversial Nord Stream 2 from Russia...

After Navalny arrest, MEPs want plug in Nord Stream 2 pipeline

The European Parliament passed a resolution on January 21 calling on EU member states to immediately stop work “once and for all” to complete...

Crude oil price rally may face supply side pressure in early 2021

Oil traders are optimistic the start of the deployment of vaccines means that an end to the worst economic ravages of the COVID-19 pandemic...

Lay that pipe: Work on Gazprom’s Russia-German gas line will resume

From January 15, two gas pipelines for Nord Stream 2 will be laid and trenched by the pipe-laying vessel Fortuna, assisted by the construction...

US sanctions aim at stifling Nord Stream 2 gas line

Sanctions that could halt the controversial Nord Stream 2 natural gas pipeline from Russia to Germany have been reportedly included in the annual US...

Russia, Saudis push COVID-19 oil supply cuts on OPEC+

Russian President Vladimir Putin and Crown Prince Mohammed bin Salman have urged fellow oil producer countries in OPEC+ to stick to supply cuts agreed...

Navalny incident hurts Russia’s image but not Nord Stream 2

Pressure is reportedly mounting on Angela Merkel as opposition parties are asking the German Chancellor to abandon Gazprom’s Nord Stream 2 pipeline from Russia...

Russia, Saudi Arabia scrap opens oil pipes, floods market

While Moscow is in a much better financial position today than Saudi Arabia, or Russia’s position in 2014, Russia stands to lose a lot...

Oil price war

Crude prices plunged to record lows on 9 March as an oil price war between Saudi Arabia and Russia commenced after the latter refused...

COVID-19 no hit for Russian oil exports to China

Russia’s oil exports to China were almost unaffected last month amid the coronavirus outbreak as the East Asian country has been benefiting from lower...

Putin, Erdogan launch TurkStream to Turkey, Southern Europe

Russia and Turkey launched the TurkStream gas pipeline on 8 January in a ceremony attended by Russian President Vladimir Putin, Turkish President Recep Tayyip...

Oil price jump: an inevitable knee-jerk reaction to the killing of Soleimani

Oil prices spiked on 3 January on news that Qassem Suleimani, commander of Iran’s elite Quds Force and architect of its growing military influence...

Drone strikes on Saudi oil fields spike prices

Geopolitical tensions and fears of longer-than-expected supply shortfalls led to Brent crude oil prices rising more than 1% on 19 September following the drone...

The big question mark for OPEC and Russia confab: Extend production cuts

MOSCOW – The Organization of the Petroleum Exporting Countries and other major oil producers led by Russia plan to meet on 1-2 July in...

Putin voices support for OPEC, sees no need to cut production

Russian President Vladimir Putin reportedly said on November 15 that Moscow is committed to continuing its cooperation with the Organization of Petroleum Exporting Countries...

Putin in Austria as OMV and Gazprom extend deal, push Nord Stream-2

Amid the buzz of Russian President Vladimir Putin’s visit to the Austrian capital of Vienna, OMV and Russia’s Gazprom signed an agreement to extend...

Threatening to seize Gazprom’s assets, Ukraine raises the stakes for EU gas

As the gas dispute between Russia and Ukraine deepens, Kiev is reportedly planning to seize the Ukrainian assets of Russian gas monopoly Gazprom in...

Germany approves Nord Stream-2 as issue over Ukrainian transit lingers

Gazprom’s Nord Stream-2 received the first construction permit from Germany last week as Berlin sees a direct pipeline from Russia as a step towards...

Russia takes pass on Qatar conflict with Arab neighbours

MOSCOW – Russia, which has called for dialogue to tackle the political rift in the Arab world over Qatar, will not take sides in...

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