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Russian oil production has been steady. at around 10.9 million bpd due to a global pact to reduce total production by around 1.8 million bpd to support weak oil prices.
Read More »Russia`s Rosneft Aims for Big Boost in Oil Exports to China
Saudi Arabia Invest $1bln in more than 20 Projects in Russia
Twenty-five more projects in various economic sectors are currently being studied. Russian Minister of Energy Alexander Novak said.
Read More »Putin: Extending OPEC Deal Until End of 2018 is `Possible`
OPEC ministers attending the Moscow event said they were considering extending the deal or making a deeper cut.
Read More »Russia`s Lukoil. Iran`s National Oil Company Partner in Persian Gulf. South Caspian
For the purposes of the memorandum. LUKOIL-Engineering and NIOC will set up exchange of data necessary to study the areas. and establish a joint working group.
Read More »Who Is Winning the Market Share War In China?
The market share that Saudi Arabia has lost in China is a result of the Kingdom’s current policy to try to boost oil prices.
Read More »Saudi king`s Visit to Russia Heralds Shift in Global Power Structures
Vladimir Putin hopes first official trip by Saudi monarch to Moscow will seal powerful new alliance centered on oil and conflicts in the Gulf states.
Read More »Gazprom Sends Rig from Black Sea to New Arctic Drill Site
Data from MarineTraffic shows that the Yang She You 278 now is in the Kola Bay on its way back from the operation.
Read More »Next Week Could Be a Turning Point for The OPEC Output Deal
Bilateral meetings will also be held on the sidelines of the event.
Read More »Oil Min. in Moscow to Attend GECF
GECF is a gathering of the world’s leading gas producers.
Read More »Saudi King Heads to Russia. with Oil. Investment and Syria on Agenda
Moscow said last month it had discussed with Riyadh extending the deal but no specific decisions had been made ahead of a Nov. 30 producers’ meeting in Vienna.
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