Oil and Gas News in Russia

A Reuters’ survey published last Friday showed that OPEC raised its September crude oil production to the highest level since 2020, yet failed to meet its September quota.The cartel’s production for September came in below its specified…

……..As Russia annexes 4 Ukrainian regions There are indications that the European Union would come up with the eighth round of sanctions against Russia any moment from now. Part of the eighth package would include further restrictions…

European Powers have vowed to get to the root the mysterious leaks on Baltic Sea gas pipelines that prompted suspicions of Russian sabotage. European Union’s top diplomat, Josep Borrell, said available information suggested a…

Agency sources said yesterday that Russia is likely to propose at the next OPEC+ meeting that the group cut 1 million barrels per day from the group's collective output. The next OPEC+ meeting will be held on October 5, which will…

Leaders of Denmark, Poland and Norway yesterday launched the Baltic Pipe natural gas pipeline linking the three countries and the Baltic Sea. The leaders hailed the new gas link as a crucial move to reduce Europe’s dependence on Russian…

On the back of heightened concerns about slowing economic growth and recessions looming, global oil prices dipped by 5% early last weekend, with the U.S. benchmark slumping to the lowest level since January. As of 10:06 a.m. ET on Friday,…

……..China leads in employment generation followed by EU and BrazilA new report has said that jobs in the renewable energy sector rose about 6% in 2021, despite supply chain challenges related to the coronavirus pandemic.The report by the…

Report shows that China is enjoying a windfall from the purchase of Russian oil, as they reap the benefits of a plunge in European buying, and tumbling prices for Russian oil. According to data from the Chinese General Administration of…

Russian president, Vladimir Putin, has ordered nearly 100% of Russia’s male energy sector employees to present themselves at recruitment offices. The ministry of energy in a letter asked those receiving the letter, all companies in the…

Finally, the German government taken over the local business of Russian Rosneft under trusteeship, handing control over the Schwedt refinery to the country’s energy market regulator, Reuters reported, citing a government statement. …

Russia and Saudi Arabia, who together make up more than half of OPEC+'s total production quota, are believed to be considering $100 oil as a fair price good for all. Yearn   The two OPEC+ heavyweights with their +11 million bpd quotas, say…

Amid a shortage of the fuel that began several months ago and is currently hurting President Jair Bolsonaro’s re-election chances next month, Brazil has opened talks to boost diesel deliveries from Russia and the Middle East A Reuters’…

Embattled Russia's natural gas exports to the European Union in this year are expected to reduce by 50 billion cubic meters (bcm) - or by one-third of last year's volumes – the country’s deputy prime minister, Alexander Novak has said …

Russia state-owned largest oil producer, Rosneft, has a 13% increase in its first-half net income compared to the same period last year. The report, which was released yesterday, boasted increased efficiency despite the Western…

Saudi Arabia and the United Arab Emirates as part of the OPEC+ pact led to a 790,000-barrel-per-day rise in global oil production in August, the International Energy Agency (IEA) said in its closely-watched Oil Market Report on Wednesday.…

…But a transformed, post-conflict energy model could be better for itself and its neighbours The remarkable Ukrainian advances against Russian forces in the past few days could be a turning point in the war. Away from the military…

HDF Energy, French independent power producer, has said that its green hydrogen power plant in Namibia, Africa’s first, would start producing electricity by 2024. The company said yearly it can produce 142 gigawatt hours, enough for…

Oil prices fell early on Monday morning as bearish sentiment continued to weigh on markets amid expectations of further interest rate hikes and concerns about Chinese oil demand. Brent started the week more than a dollar down at $91.80…

…As Oil Prices Fluctuate Oil prices in the international market fluctuated slightly yesterday as demand concerns continued to rise after President Vladimir Putin said Russia would not ‘supply oil, gas, or coal to its own…

Russia has said that it will increase its shipments of oil to the continent of Asia after the G7 finance ministers announced a price cap on Russian oil and fuels, to enter into effect this December and early in February next year…