Tag Archives: Russia

A rebalancing of the oil market is progressing more slowly than expected. but it will speed up in the second half of the year.

Nigeria and Libya have been exempt from quotas under the Vienna deal between OPEC and 10 other major oil producers on limiting oil production agreed in November 2016.

Ecuador is doing what other members wish to—ditching a supply deal that has become more painful than gainful.

In 2016. ExxonMobil'.s refining amounted to 4.268.000 barrels per day (a decrease of 3.7%).

Russia has no shortage of such natural resources as oil. gas. coal. as their new reserves are systematically discovered.

Russia intends to localize the production of blade rows for gas turbines amid the row over the alleged delivery of Siemens-made turbines to Crimea in violation of Western sanctions.

It is Schlumberger’s second attempt to buy part of EDC and would be the first U.S. purchase of a stake in Russia’s oil and gas sector .

The pipeline will supply gas to Russia'.s domestic market as well as the Chinese market.

The Turkish Stream project was announced in late 2014 by Russian President Vladimir Putin during his state visit to Turkey.

Russia will hold a ministerial meeting for several representatives of OPEC member states as well as a number of non-members in St. Petersburg towards the end of this month.