Tag Archives: Russia

Russia has signaled it may be starting to prepare for a permanent decline in crude oil demand over the long term, even after the devastating effects of the coronavirus pandemic are over. “The peak of consumption may have already passed,” Deputy Finance Minister Vladimir Kolychev told Bloomberg in an interview. …

Russia has accused the United States of illegal and aggressive behaviour regarding comments made about the controversial Nord Stream 2 natural gas pipeline, which will link Russia to Germany. Comments calling for a halt to the pipeline by a US diplomat were a “political aggression and illegal resistance” against the …

US has continued to put pressure on Germany and the EU to halt construction of the Nord Stream 2 gas pipeline linking Russia to Europe, which Washington sees as a “political tool” of the Kremlin, a top envoy said. “Now is the time for Germany and the EU to impose …

German Foreign Minister Heiko Maas expects the longstanding issue of the Russian gas pipeline project, Nord Stream 2, to be settled after Joe Biden takes office as US president. “The European Union sees the sanctions introduced against the project as an illegal step and takes a different view of the …

OPEC+ was discussing a proposal to gradually ease its oil-output cuts next year, seeking to resolve divisions that emerged at the core of the cartel over several days of fractious negotiations. Talks were focused on a proposal for the cartel to add 500,000 barrels a day to the market in …

Russia’s largest oil producing company Rosneft plans to sell some old underperforming oil fields, mostly to local companies, at least two Moscow-based brokerages said on Tuesday following a conference call with Rosneft’s management. Sova Capital brokerage said in a note to its clients that Rosneft plans to sell some of …

Gas giant Gazprom has decided to resume pipe-laying work before the end of 2020 on a 2.6-km part of the stalled Nord Stream 2 gas pipeline from Russia to Germany. According to a Reuters article, Nord Stream 2 AG, a subsidiary of Russia’s Gazprom and operator of the Nord Stream …

Russia’s Nord Stream 2 said on Saturday it planned to resume pipe-laying work on a 2.6 kilometre (1.62 mile) stretch of the stalled Moscow-backed gas pipeline to Europe in Germany’s Exclusive Economic Zone. The 1,230 km pipeline under the Baltic Sea, which Moscow hopes will boost the amount of gas …

Russia can probably get around the latest U.S. sanctions against Nord Stream 2 and complete the pipeline, industry executives and analysts of the controversial project say. Gazprom PJSC, which owns the project to boost natural gas flows from Russia into Germany, says it’s drawing up alternatives to complete work that …

Russia’s energy giant Rosneft is developing a multibillion-dollar Vostok Oil project which is expected to bolster the country’s presence in the Arctic region and to boost the economy. Rosneft’s CEO Igor Sechin, who has met with President Vladimir Putin this week, has pledged that Vostok Oil will deliver up to …