Russian Oil

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U.S. dependence on Russian oil  becomes apparent

According to the Energy Information Administration, Russia has become a second oil supplier to the United States after Canada. The thing is that the U.S. has lost heavy oil from Venezuela due to its own sanctions.And it's Russian …

Russia supplies record amount of oil to U.S.

According to the Energy Information Administration's January-November 2019 report, Russia increased its oil supplies to the United States to record levels last year, despite difficult political relations and economic sanctions. …

Russia and Belarus stop oil talks?

Russia and Belarus will apparently not step up negotiations on the conditions for pumping Russian oil through the country, Kommersant writes citing sources familiar with the …

Russia leaves Belarus without oil

Russia has cut oil supplies to Belarus, the press service of the Belneftekhim State Concern informs. It is reported that capacity utilization has been reduced to the minimum permitted level. "Oil supplies from Russia have stopped, …

Russia sets new oil production record

Russia's 2019 oil output was seen at a record-high 560.2 million tonnes (11.25 million barrels per day), which is 0.8% higher than in 2018, the Central Dispatching Department of Fuel Energy Complex reported. Russia’s …

Russia may pull out of OPEC+ in 2020

The OPEC+ may consider wrapping up their oil output reduction in 2020, Russian Energy Minister Alexander Novak told Rossiya 24 TV. "As far as the production cuts are concerned, I repeat once again, this is not …

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 …

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 …

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 …