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Russia has become a leading supplier of crude oil to China - it supplied 67 million tonnes in 2018. which is worth more than $35 billion.
Read More »Russia among Leading Suppliers of Crude Oil to China
OPEC+ will Factor in Weak U.S. Output at December Meeting
The OPEC+ mechanism has shown it is efficient. but it is not efficient infinitely.
Read More »US Smuggles Syrian Oil to Other Countries
All hydrocarbon reserves are the property of Syria.
Read More »Venezuela Ready to Hand Control of PDVSA to Russia’s Rosneft
Rosneft is one of the major investors in Venezuela. implementing several projects on oil exploration and development with Venezuela’s PDVSA.
Read More »Russia Reduces Crude Output within OPEC+ Deal
Russia and OPEC+ nations agreed to extend crude output reduction starting July.
Read More »Ecuador’s Decision to Withdraw from OPEC Came as Surprise to Organization
Ecuador’s oil reserves are estimated at 8.3 bln barrels of oil. Oil production in 2018 was at 517.000 barrels per day.
Read More »Too Early to Discuss Deeper Output Cuts
OPEC is counting on Russia to help sooth tensions between Iran and Saudi Arabia in order to help the global oil market stabilize.
Read More »IAEA Board of Governors to Vote Next Week to Select Best Candidate for Director General
The candidate is selected among contenders. nominated for the position. in the so-called straw poll.
Read More »Private Companies may be Allowed to Develop Arctic Shale
Gazprom and Rosneft are developing large deposits on the Arcric shale at the moment.
Read More »Experts Warn about Risks of Oil Price Plunge in 2020
The expert expects the Persian Gulf tensions to persist within a year and a half.
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