The OPEC Russia deal for crude oil production cuts could extend beyond 2018.
Read More »Oil Min: OPEC doesn`t Like Oil over $60 as It Nears $70
OPEC and its partners are seeking to bring the amount of oil in storage worldwide down to its five-year moving average.
Read More »BP. Rosneft to Drill in Russian Arctic
Rosneft and BP will make joint efforts to develop new deposits. including those containing tight gas.
Read More »Putin’s Mr. OPEC Becomes an Oil Market Player
Novak was a key driver of the push for Libya and Nigeria. whose surging production earlier this year helped to crash oil markets.
Read More »Rosneft Does Not Rule out Global Oil Output Cuts Extended Beyond 2018
Rosneft has plans to jointly develop the Val Shatskogo (Shatsky Ridge) oilfield with Italy’s Eni.
Read More »The Arctic Threat to Saudi Arabia’s Grand Oil Bargain
Russia has three oil export terminals on its Arctic coast.
Read More »Russia to Waver on Length of OPEC Output Cuts Extension
OPEC and allied oil producers should extend their production cuts beyond March to help rebalance the market.
Read More »Putin’s Masterstroke of Energy Diplomacy
Russia intends to build a trans-Azeri pipeline to Iran. which will not only strengthen bilateral Russian-Iranian relations and their trilateral expansion with Azerbaijan.
Read More »Russia will Help Iran Boost Oil Output by 1.1mb d
Iran and Russia signed several agreements to promote cooperation over energy issues during President Putin’s visit.
Read More »Russia Aims To Dominate Middle East Energy
The massive size of the agreements is a very important data point for western oil and gas firms. which have been jockeying for a position in Iran’s high-potential petroleum sector.
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