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Moscow agreed to contribute around 0.3 million bpd to the cuts and Russian state and private companies are sharing the burden on a pro-rata basis.
Read More »Lukoil CEO: Oil Markets won`t Overheat
Putin Is Calling The Shots in Global Oil
Russia is the producer everyone is watching ahead of the OPEC meeting.
Read More »Statoil to Buy Total`s Stakes in 2 Norwegian Offshore Fields for $1.45bn
Total. now expects the production from the Martin Linge field to begin in the first half of 2019.
Read More »Russia. Saudi Arabia Clash Ahead of OPEC Meeting
Saudis want production cuts extended through 2018. while Moscow wants flexibility.
Read More »No Change in Iran-Total Contract
Despite the US pressures. western companies are still interested in investment in Iran.
Read More »Putin Could be about to Send the Oil Markets into a Tailspin
Oil markets are already showing jitters over the OPEC meeting this week.
Read More »Wintershall Eyes Khuzestan Oilfield
Tehran has intensified efforts to involve foreign oil and gas majors in its key petroleum industry.
Read More »‘World’s Energy Tsar’ Putin Leaves Global Prices on a Knife Edge
Vladimir Putin could send oil markets into a spin by pulling out of the planned extension to the current OPEC-led production cut.
Read More »Moscow May Not Comply with Further OPEC Cut
OPEC. Russia and several other major producers have cut their combined output by about 1.8 million barrels per day since January.
Read More »Statoil to Drill 5-6 Wells in Arctic Barents Sea in 2018
Statoil plans to drill between 25 and 30 wells in Norwegian waters in 2018.
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