Tag Archives: Russia

Russia has received significant additional earnings from a 40% increase in oil prices over the course of the production cut deal.

Many nations have gone further than their pledged cuts.

Russia and Saudi Arabia are set to discuss oil policy on Thursday.

Iraq on Monday joined Iran and Venezuela in opposing any plans to start boosting crude output.

Russia'.s largest crude producer Rosneft was also in a position to be able to add 100.000 b d to production in a few days.

While the EU and the U.S. bicker over tariffs. Russia is boosting its gas trade with Europe.

Russian output hit 11.1 million bpd in early June.

The deadline of 2022 is based on the expiration dates of contracts with PGNiG and Gazprom.

Russia is the largest non-OPEC contributor to the production cut agreement. now in its second year.

The Nord Stream 2 project has been welcomed by some countries in Europe. such as Germany and Austria.