OPEC+ is still waiting for Russia to clarify its position on deeper oil output cuts.
Read More »Russian Oil & Gas Companies will Invest $20 Billion in Iraq
Iraq’s proven oil reserves stand at over 145 billion barrels. while gas reserves exceed 3.7 trillion cubic meters.
Read More »OPEC’s Rebel Makes Gesture of Atonement Ahead of New Oil Cuts
Iraq has been one of the weakest links since the OPEC+ alliance began in late 2016.
Read More »Lukoil: Oil at $60-65 per Barrel Comfortable for OPEC+ Producers
Price shocks would only happen if producers violate their commitments.
Read More »Russian Producers don`t Want OPEC`s Deeper Cuts
The Russians have a grievance about the pact that they are likely to take up with their OPEC allies.
Read More »Private Companies may be Allowed to Develop Arctic Shale
Gazprom and Rosneft are developing large deposits on the Arcric shale at the moment.
Read More »Russian Crude Still Dirty By Mid-2020
Russia is now preparing to dilute the contaminated oil stuck in the pipeline with clean crude.
Read More »Russia. Saudi Arabia in Talks on New Oil. Gas. Petchems. Nuclear Cooperation
The two sides previously discussed construction of three or more nuclear power plants with VVER-1200 reactors.
Read More »Russia Squeezing Embattled Venezuela for Tax-Free Gas Expansion
Russia’s state-controlled oil giant. Rosneft PJSC. is extracting concessions from crisis-ridden Venezuela to enter the offshore natural gas market on the cheap. a potential headache for the U.S. and Europe.
Read More »Putin Highlights Differences with Saudis as OPEC Decision Looms
A year ago. in the enduring twilight of one of St. Petersburg’s famous white nights of summer. Saudi Arabia and Russia reached an agreement that set a new direction for the oil market.
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