Russian oil

Crude

Saudis Sell Oil at $25 in Market Share Grab from Russia

​Saudi Arabia is preparing to flood markets with oil at prices as low as $25 per barrel, specifically targeting big refiners of Russian oil in Europe and Asia,…

Oil & Gas Trade

US Slaps Sanctions on Russian Oil Company Trading with Venezuela

The Trump administration Tuesday imposed economic sanctions on Rosneft Trading SA, a Geneva-based subsidiary of Russia’s state-owned oil giant, charging it wit…

US Takes Aim at Russian Oil Giant Rosneft to Press Venezuela

The United States on Tuesday imposed sanctions against a subsidiary of Russian state-controlled oil giant Rosneft over its key role in Venezuela, stepping up in…

Russian Oil & Gas Firms Plan to Invest $20 BILLION in Iraq’s Energy Industry

Russian oil and gas companies could triple their investments in Iraq in the near future, Yury Fyodorov, first deputy chairman of the Economic Policy Committee a…

LNG

Novatek secures Bukharinskiy license through Arctic LNG 1 unit

Russian oil and gas company Novatek has secured the rights to explore the Bukharinskiy license through its Arctic LNG 1 unit.

Oil&Gas Drilling

Russian Oil Company Enters Two Blocks Offshore Egypt

Russian state-controlled oil company Zarubezhneft has entered into a production sharing agreement for two offshore blocks blocks in Egypt.

Oil&Gas Drilling

Russia’s Oil Companies Propose Postponing Extension of OPEC+ Deal Until March

At a meeting at the Ministry of Energy on Thursday, representatives of the Russian oil industry proposed that the current quotas for reducing production within …

Tatneft PJSC

PJSC TATNEFT is one of the largest Russian oil companies, being an vertically integrated holding. The production complex of the Company includes steadily develo…

Russneft

PJSC RussNeft is ranked among the top 10 Russian oil and gas companies and has its headquarters in Moscow.

Crude

BP and Glencore are Struggling to Sell Around Tainted Russian Oil

BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to …

Russian Oil Extraction Hits Three Year Low

The contamination of Urals oil with chlorides and the subsequent suspension of the Druzhba pipeline, which accounts for 20% of Russia’s oil exports, has forced…