Russian oil

Oil Price

Russian Domestic Oil Prices Soar to All-Time High

Traders said oil for July delivery at the regional metering points jumped to between 36,700-37,100 roubles per tonne, up from 32,900-33,600 roubles a month earl…

Solar Power Plant

Russian Oil Firm Energises 20MW Solar Plant Featuring Hevel Heterojunction Modules

Oil and gas company Lukoil has commissioned a 20MW PV plant that features heterojunction modules from Hevel and has been constructed at a refinery in Russia’s …

Oil & Gas Supply

Belarus Secures Russian Oil and Gas Supplies for 2021

The details of the bilateral deal, however, do not appear to reflect any sort of compromise by both sides.

Crude Oil

Russian Oil Companies Plan Significant Drilling Cuts For 2021

Russian oil producers who have already reduced their drilling activity by a third this year may cut it further by 20 percent.

Crude Oil

Russian Oil Production Tops OPEC+ Quota In September

Russia produced an average of 9.93 million bpd of crude oil and condensates last month, a little above its OPEC+ quota but still down 11.8 percent on the year, …

Oil&Gas Drilling

Russia's Gazprom Neft and Shell Launch JV for Hydrocarbon Development

Russian oil producer Gazprom Neft (SIBN.MM) on Tuesday said it had signed an agreement with Shell (RDSa.L) to establish a joint venture to develop a large-scale…

Oil & Gas Trade

Putin, Trump Discuss G7 Summit, Oil Markets Over Phone

Russian President Vladimir Putin spoke by phone with U.S. President Donald Trump at the initiative of the United States.

Crude Oil

Russia’s OPEC+ Challenge: Cut Output Without Maiming Industry

Russian oil producers are confronting their greatest challenge in decades as they try to fend off a historic price slump without permanently damaging their fiel…

Oil Price

Russia’s Gazprom Neft Sees Oil Prices Topping $30 This Summer

​Oil prices will top $30 a barrel this summer as demand will start to recover slowly, Alexander Dyukov, chief executive at Russian oil producer Gazprom Neft, t…

Crude Oil

Russian Oil Output Jumped to 11.35 Mln Bpd in April, Ahead of cuts

​Russia raised oil and gas condensate output in April to 46.45 million tonnes, or 11.35 million barrels per day (bpd), from 11.29 million bpd in March, Interfa…

Oil & Gas Trade

Belarus Buys First Oil from Saudi Arabia: Refiner Belneftekhim

Belarus, long dependent on Russian oil, has bought its first barrel of crude from Saudi Arabia.

Crude Oil

Russian Oil Production Set For First Annual Drop Since 2008

Due to the OPEC+ production cut deal, Russia’s oil production could decline by 15 percent annually in 2020, Russian Energy Minister Alexander Novak told news a…

Oil&Gas Drilling

LUKOIL Moves to Next Stage of North Caspian Field Development

​Russian oil major LUKOIL said on April 10 the company has moved on to the next stage of facilities construction for the Valery Grayfer field being the launch …

Oil Price

Russian Oil Firms Ready To Agree To A Production Cut Deal

With oil prices below Russia’s budget breakeven and with over 20 percent of global oil demand wiped out by the coronavirus pandemic, Russian oil firms could be…

Oil Price

Saudis to 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, a…