Since last year. oil producing countries have cut back production in an attempt to offset dipping prices.
Read More »OPEC and Russia Change Tack with Plan to Open Oil Floodgates
Now Russia and Saudi Arabia are discussing opening the taps by an extra million barrels per day.
Read More »Time has Come for New Russia. Ukraine Gas Talks
Moscow is ready for talks with Ukraine on continued gas transits through the country.
Read More »Turkey. Russia Agree on 10 pct Discount on Natural Gas
Turkey imports around 30 billion cubic meters of gas from Russia annually via the two pipelines.
Read More »Novak Expects Oil Price Range of $65-75 per Barrel in 2018
The oil price was lower at the beginning of the year than today.
Read More »Gazprom Signs Agreement on Land-Based Section of TurkStream Gas Pipeline
Gazprom and Botas inked an agreement on conditions and parameters for the section construction.
Read More »Oil Prices at $60 pb Suitable for Russia
Saudi Arabia and Russia are reportedly nearing an agreement to jointly increase oil production in the upcoming period.
Read More »Russia and OPEC to Boost Oil Production
Move follows pressure from US as prices breach $80 a barrel.
Read More »US Oil and Gas Production is Leaving Saudi Arabia and Russia Behind
The EIA estimates that the US pumped the equivalent of 30 million barrels of oil per day in 2017.
Read More »OPEC to Mull New Ways to Control Oil Stockpiles
OPEC and allied oil producers including Russia are discussing new ways of measuring global crude stockpiles.
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