Belarus to receive 1.21 mln tonnes of Russian oil in August
Russian companies confirmed requests for supplies of 1.21 mln tonnes of crude oil to Belarus in August, press secretary of Belneftekhim holding Alexander Tischenko said. "Russian companies confirmed requests for supply of 1.21 …
Russia expects global oil market shortage in July
Russian Energy Minister Alexander Novak said that the global oil market could face a shortage of 3-5 million barrels per day (bpd) in July, depending on a deal to be reached by OPEC+ producers. According to the Russian minister, …
Sechin: Rosneft to fulfil all obligations under supply contracts
Rosneft will fulfil all obligations under supply contracts despite output cuts as part of the OPEC+ deal, Rosneft CEO Igor Sechin said in a statement on Friday. "There is no doubt Rosneft will strictly fulfil all …
Russia leapfrogs Saudi Arabia as China's top oil supplier in April
Russia overtook Saudi Arabia as China’s top crude oil supplier in April, customs data showed, with imports rising 18% from the same month a year earlier as refiners snapped up cheap raw materials amid a price war between the two …
Gazprom Neft: OPEC+ deal could prompt oil rise to $45 by year’s end
The OPEC+ deal will not prompt an immediate sharp rise in oil prices, but should the international community manage to curb the COVID-19 outbreak, it is possible that prices could rise to between $40 and $45 a barrel, Russia’s Gazprom Neft …
Belarus to buy 2 mln tonnes of Russian oil at $4/barrel in April
Belarus expects to buy 2 million tonnes of oil at a price of about $4 per barrel from Russia in April, Prime Minister of Belarus Sergei Rumas said. "As for the premium, I can repeat what I said two weeks ago: …
China shies away from Russian oil?
China’s state oil company Sinochem Corp is rejecting any crude cargo "from or related to" Russia’s state oil major Rosneft before U.S. sanctions on a Rosneft unit take effect in May, two sources with direct knowledge of the …
Russian oil giants prepare for a production surge
Russian oil firms plan to raise their oil production from April and they are comfortable with the current oil prices and even lower, oil executives said after meeting this week with Energy Minister Alexander Novak – a meeting which …
Belarus says it lost $2 bln on Russia oil product ban
Belarusian exports shrank by more than $2 billion after Russia limited exports of oil products and contamination of oil on the Druzhba pipeline, Belarusian Foreign Minister Vladimir Makei said. "The change of trade …
Lukashenko on 'unexpected offer' on oil from Putin
Russian President Vladimir Putin offered his Belarusian counterpart Alexander Lukashenko to compensate Minsk for budget losses arising from changes to Russian oil taxation. …
US sanctions on Rosneft undermine global free trade
US treasury blacklists subsidiary of Russian state oil major Rosneft that provides financial lifeline to Venezuela
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 …
Russian oil industry hits another peak
The Opec+ group is due to convene against in early March. All eyes will be on Russia, both its compliance and even on whether it remains on board.
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 …
Moscow and Minsk negotiated oil transit tariff increase from September
Russia and Belarus negotiated the increase of the tariff on oil transit via the territory of Belarus by 3.7% from September 1, according to Belneftekhim Company. "Neither the Russian nor the Belarusian side is able to …
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