OPEC and non-OPEC countries had agreed to review current oil production as a countermeasure to the lack of Iranian oil caused by the US sanctions.
Read More »OPEC+ Comply with Vienna Agreement in August Achieving 129%
Compliance with supply cuts was 109% in July.
Read More »Russia`s Surgutneftegaz Seeks Dollar Alternative amid US Sanctions Threat
Russia has been subject to Western sanctions since its 2014 annexation of Ukraine´s Crimea region.
Read More »Washington can`t Replace Russian Gas with American LNG
The current market conditions are not favorable for the US.
Read More »OPEC. Non-OPEC Panel Unlikely to Recommend Further Oil Output Hike
The panel is also unlikely to decide how to distribute the output increase of 1 million barrels per day decided when OPEC and allied producers last met in June.
Read More »Novatek Discovers Hydrocarbons in Utrenneye Field in Siberia
The Arctic LNG 2 project is expected to utilize the 7 billion plus boe of hydrocarbons resources in the Utrenneye field.
Read More »Russia. China’s Top Gas Supplier
Demand for Russian gas supplies is increasing in China.
Read More »Russia`s Oil Companies Living the Best Time
Russian oil producers are an attractive investment long-term because they have some of the lowest lifting costs globally.
Read More »Russian Oil Output Jump to a New Record before OPEC Talks
Russia’s output increase comes just days before it meets in Algeria with other members of the group known as OPEC+.
Read More »US Accuses Russia of Hiding North Korea Sanctions Violations
said Russia sought to evade sanctions on North Korea and then cover it up by suppressing an official UN report.
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