The oil market now faces double jeopardy.
Read More »Saudi-Russian Breakup could Collapse Oil Prices
The most immediate pain is likely to be felt in the US shale industry.
Read More »OPEC Fails to Secure Deal with Non-OPEC on Oil Cuts
OPEC had proposed cuts of 1.5 million barrels per day (bpd) in addition to cuts already in place, a move Russia resisted.
Read More »Russia Reacts to IAEA’s Request from Iran for Additional Access
Russia's Permanent Representative to International Organizations in Vienna Mikhail Ulyanov reacted to the IAEA’s request from Iran for clarification or access to additional locations for taking environmental samples.
Read More »Russia’s State Oil Company Paid Mystery Consultant $250 Million in Iraq Deal
Russia’s state oil company paid $250 million to an external consultant to help secure deals in Iraqi Kurdistan. according to documents that shed new light on transactions that have strengthened Moscow’s presence in the Middle East.
Read More »Russia Starts Building First LNG-Powered Inland Vessel
This is the first LNG-powered passenger vessel to be built in Russia.
Read More »Rosneft Shifts Exports to Affiliate. Skirting U.S. Sanctions on Venezuela
Moscow has been a crucial supporter of the Maduro regime over the years.
Read More »Moscow Slams US Dangerous Game Simulation of Nuclear Strike on Russia
Moscow has condemned Washington’s attempts to simulate a limited nuclear strike on Russia. Russian Deputy Foreign Minister Sergei Ryabkov said.
Read More »US Sanctions against Rosneft Subsidiary Constitute Act of Legal Arbitrariness
Rosneft began investing in Venezuela’s economy long before the US sanctions.
Read More »U.S. Sanctions Russian Producer Over Links to PDVSA
The U.S. sanctioned a unit of Russia’s largest oil producer Rosneft PJSC for maintaining ties with Venezuela’s Nicolas Maduro and state-run oil company PDVSA.
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