Russian Oil

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Export duty for Russian oil increases

The export duty for Russian oil has increased by $10.4 to $89.5 on February 1 from $79.1 per ton, the Russian Ministry of Economic Development said. The export duty for heavy oil has grown from $12 per ton in January to $13.9 per ton …

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OPEC, Russia ‘ahead of schedule’ on oil output cuts

OPEC and Russian oil ministers say they are going faster and doing better than expected in their efforts to cut oil production and boost prices, RadioFreeEurope/RadioLiberty reports. “We are ahead of schedule and we will …

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Russia to increase export duty on oil by $10

According to the Russian Finance Ministry estimates, export duty on oil in Russia will increase by $10.4 dollars and will reach $89.5 per tonne from February 1, 2017. Currently, the export duty on crude oil totals $79.1 per tonne. …

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Russia starts oil output cuts

Russia has begun cutting oil output within the framework of last year's agreement among major producers to limit supply and bolster global prices, a source familiar with the course of the agreement said.

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Russian oil output in 2016 sets record high

Russian oil and gas condensate production increased in 2016 by 2.5% and reached 547.499 tonnes, or 10.96 million bpd, up from 10.72 million in 2015.  December stood unchanged at 11.21 million barrels per day (bpd), flat month …

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 Russia to increase oil export in 2017

The oil export from Russia is expected to reach more than 2016's estimated total of 253.5 million tonnes (roughly 279.4 million tons) in 2017, which is an almost 5-percent increase since 2015, Russian Deputy Energy Minister Kirill …

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Russia to cut oil export

Russia's oil export to foreign countries in the first quarter of 2017 will amount to 50.98 million tons, adviser of Transneft president Igor Demin informed. He also noted that "Russian exports 51.3 million tons …

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OPEC demands Russia to cut oil output

OPEC will continue to insist on Russia cutting, not just freezing oil production after the organization finalizes its own agreement, the Saudi Energy Minister Khalid al-Falih said before the OPEC meeting. "A freeze …

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Lukoil ready to join oil production freeze

Russia’s oil major Lukoil is ready to join the initiative on crude production freeze if there is a government decree, its Vice-President Leonid Fedun said. "I would like to speak for Lukoil, if there is …

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Yunus-bek Yevkurov about cooperation with Rosneft

The next project of 'Rosneft' in Ingushetia is almost completed: this year a new kindergarten for 240 children with a swimming pool and a stadium for mini-football will be opened in the rural village of Ekazhevo. …

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