Discover the latest oil and gas news in Russia right here! Stay up-to-date on all the latest news about Russian oil and gas as it happens! We cover everything from major oil companies to fracking in this vast country.
Tag: Oil and Gas News in Russia
Russia Extends 500,000 Output Cut To June
...As Oil Prices Near $75
Russia's Deputy Prime Minister, Alexander Novak has said his country will continue its 500,000 barrel per day crude oil production...
Russian Oil Firm, Lukoil Grabs 2 Offshore Blocks In Congo
Russian oil company, Lukoil has secured rights to two offshore energy blocks in the Republic of Congo in partnership with Eni, the Italian oil...
IEA Reports Says Russia’s Oil Revenues Are Dwindling Due To Sanctions
The International Energy Agency (IEA) has said that Russian revenues from oil fell in February as exports declined after the EU embargo on oil...
Russia Expects Its Oil Output To Drop In 2023
Russia expects its oil and gas production to fall this year compared to 2022, partly due to the production cuts announced for March, Russian...
India Not Bound By EU, America’s Price Cap Sanctions
India has said that it is not bound by the price cap decisions of the European Union and their Western allies.Yesterday, a source at...
Russia Now Use Ship-To-Ship Transfers To Boost Diesel Exports To S/Arabia
Russia is accelerating its exports of diesel to Saudi Arabia by both direct shipments and ship-to-ship transfers, international news agencies have reported.
Reuters reported last...
Russia Insists That Price Cap Against Its Oil Is Not Working
Russia has said that against the belief of the West that the price cap against its oil is working, the country does not recognize...
Russia Will Keep Selling Cheap Oil At Bumped-Up Levels To India,...
Russia's bumped-up oil exports to India are here to stay as the two are building a long-term relationship based on cheap prices, according to...
China Dominates Russian Crude Oil Exports, Doubling Down On Steep Discounts
China is reported to be snapping Russia's seaborne oil exports, hitting a record high in March as the former snaps up the commodity at...
Russian 500,000mpd Oil Output Cut Will Balance The Market
The chief executive officer of Russia’s oil company Gazprom Neft, Alexander Dyukov, has said that the Russia’s decision to reduce its oil production by...
Russia’s Oil Exports Still Active Despite Sanctions By The West
Reports say Russia’s oil exports remained active in February despite increasing Western sanctions. Bloomberg said the country ostensibly found new buyers of its products,...
The U.S. Intensifies New Economic Sanctions Against Russia
…United Kingdom too
The United States has made real its promise last weekend to impose new series of sanctions against Russian banks, key industries, and...
Russia May Be Beating Oil Price Cap – Institute
Calculations from academics at the Institute of International Finance, Columbia University, and the University of California, show that Russia raked in significantly more money...
Price Cap Against Russia Oil Is Working – U.S.
The Biden Administration has said that the sanctions against Russia are biting in, and “sharply” reducing the economic power of President Vladimir Putin to...
Retaliation for Sanctions: Russia Plans To Expand Oil Output Cuts In...
In apparent retaliation for Western sanctions, Russia is planning to slash crude exports from western ports by one-quarter in March and April, expanding the...
Ukraine: Putin Says Russia Is Ready To Test Nuclear Weapons
Russia’s President, Vladimir Putin has blamed Ukraine for its invasion, and the West for “provoking” Russia into the action.In what looked like a new...
Russia Calls UN Security Meeting Over Nordstream Pipeline Sabotage
Russia yesterday called a UN Security Council meeting on the issue of the Nord Stream pipeline sabotage of last September.Associated Press reported that the...
Russia ‘Mapping’ Critical Energy Infrastructure, Say Dutch Intelligence Agencies
The report warns that “vital marine infrastructure” could be vulnerable to sabotage.Russia is “covertly mapping” critical infrastructure in the North Sea, including gas pipelines...
Russia’s Oil Exports Rise By 26% To 3.6m In One Week
Reports say Russian crude oil exports by sea surged by 26% to 3.6 million barrels per day (bpd) in the week ending February 17,...
Sanctions And Slowing Investment In Infrastructure May Dent Russia’s Oil Sector
Kremlin’s attempt to extract more cash from the industry to fund the war could further weaken new investments“It was forced on them. They don’t...
