Russian Oil

Transit of Russian oil through Ukraine suspended again

Several hours after resuming transit of Russian oil to the European Union through Ukraine on Monday, it was suspended again, Ukraine’s UkrTransNafta said. The company said it had suspended transit after Hungarian oil company …

Read
Belarus ready to resume transit of Russian oil

Belarus may resume oil transit from Russia towards Poland at midnight on Monday, the press secretary of Belarus state energy group Belneftekhim, Marina Kostuchenko, said. A spokesman said the group expects to resume oil …

Read
New doctrine of Russia’s energy security approved

Russian President Vladimir Putin has approved a new doctrine of the country’s energy security, according to a relevant decree released on the official portal of legal information. The doctrine that was adopted in …

Read
 Russia bans oil exports to Ukraine

The Russian government has banned exports of Russian oil and petroleum products to Ukraine, Russian Prime Minister Dmitry Medvedev said. "[The Russian government] bans exports of Russian oil and petroleum products …

Read
Novak announces possible recovery of oil production

The recovery of oil production in the framework of the OPEC + alliance after June is possible if there is unmet demand on the market, Russian Minister of Energy Alexander Novak told journalists on the sidelines of the International Arctic Forum …

Read
 All Russian oil to be subject to excess-profits tax?

After monitoring and analyzing the impact of a pilot project of introducing the excess-profits tax in the oil industry, the Russian Ministry of Energy may propose the final transition to the excess-profits tax in the oil industry, the Russian …

Read
Will Russia join OPEC?

Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years, Reuters reported. Saudi Crown Prince Mohammed bin Salman said that …

Read
Rosneft CEO: OPEC agreement to end abruptly

Russian oil company Rosneft served notice that it would step up production if the agreement among major crude producers to curb output comes to a sudden end, Rosneft's chief executive, Igor Sechin, told the Financial …

Read
 Sechin: everyone should join OPEC deal

Rosneft Chief Executive Officer Igor Sechin, speaking at the summit of the heads of energy companies within the framework of the St. Petersburg International Economic Forum, noted that the failure of all major oil-producing …

Read
Russia does not withdraw OPEC deal

Russia does not discuss the possibility of leaving oil output reduction deal with Organization of the Petroleum Exporting Countries (OPEC) and did not express dissatisfaction with its results, a source in the cartel said. "There …

Read

Populars