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OPEC+ seeks agreement on oil production policy

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC, an energy alliance often referred to as OPEC+, was expected to reconvene via teleconference on...

Russia, Saudi Arabia eye COVID-19 oil cut to hike prices

Russia and OPEC-kingpin Saudi Arabia are reportedly mulling to delay an increase in oil production in January, maintaining an output cut aimed to raise...

Oil reflux: OPEC+ pumps up volume after COVID-19 cutback

The Organization of the Petroleum Exporting Countries (OPEC) and its oil producing allies led by Russia, a group known as OPEC+, reportedly agreed on...

US sanctions may be too late to stop Nord Stream-2 construction

US sanctions against the controversial Nord Stream-2 pipeline from Russia to Germany are unlikely stop the project’s construction but may prevent Russian gas monopoly...

Russia’s ‘western route’ to China may jeopardise Gazprom’s supplies to Europe

The Power of Siberia gas pipeline is scheduled to start on December 20, 2019, transporting gas supplies to China from the Russian Far East...

Russia’s Gazprom to supply China via Power of Siberia pipeline

In an effort to strengthen Russia’s foothold in the Asia-Pacific region, Gazprom is advancing plans to supply China with gas via the Power of...

Trump vs Nord Stream-2

At an early breakfast meeting with NATO chief Jens Stoltenberg in Brussels on July 11, US President Donald J. Trump launched an attack on the...

Russia, Saudi push for OPEC oil supply increase while demand is strong

The Organization of Petroleum Exporting Countries (OPEC) and non-OPEC producers are seeking a compromise as Saudi Arabia and Russia are pushing the oil cartel...

Trump pulling out of Iran nuclear deal risks fuel oil prices

As the US Administration of President Donald J. Trump mulls new sanctions against Iran, world oil prices remained high on May 4.“Iran is exactly...

Potential European market rivals, Russia’s Gazprom, Iran’s NIOC sign gas cooperation deals

Gazprom said that the Russian gas giant has signed a deal with Iran to implement integrated projects for hydrocarbon production, transmission and processing in...

Russia, Saudi coordinated production cuts unlikely

Russian Energy Minister Alexander Novak said on January 28 Saudi Arabia has proposed oil production cuts of up to 5% by each country. “This...

Gazprom expands market share as prices fall

Russian gas monopoly Gazprom announced better than expected results, reporting a net loss of 2 billion rubles ($26 million) in the three months to...

Putin pours money into Venezuela oil production

Venezuela’s President Nicolas Maduro said Caracas and Russia’s sanction-hit Rosneft have agreed on around $14 billion in investment in the South American country’s oil...

Ukraine-Russia Lovefest Won’t Slow South Stream

The rapprochement between Moscow and Kiev, following a deal to provide Ukraine with a $15 billion loan and a gas price reduction from about...

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