Russian state gas producer Gazprom reported a 4.5% fall in January-August natural gas exports outside the former Soviet Union to 127.3 billion cubic metres (bcm). Gazprom output over the same period...
Read moreThe world’s first floating nuclear platform “Akademik Lomonosov” sailed from the port of Murmansk, Russia, to the small town of Pevik on the Chukotka peninsula in Russia’s far...
Read moreA few days ago, representatives of OPEC countries signed a new cooperation charter with other major producers, including Russia, which aims to establish a “permanent cooperation” that is...
Read moreSaudi Aramco’s chief executive said the company was concerned about recent events in the Gulf, but Aramco could meet the needs of its customers, thanks to its experience and its spare...
Read moreRussian Energy Minister Alexander Novak said he expected the 2018 price of Brent crude to be in the range of $45 to $55 per barrel. Speaking to reporters, he also said China had asked Russia about...
Read moreSaudi Arabia and Russia, the world’s two top oil producers, agreed on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up...
Read moreWith energy playing a dominate role in national finances, Russia’s deputy prime minister said Friday an economic contraction is possible for this year. “Speaking about most short-term...
Read moreRussia needs to explore export revenue from products outside the energy sector as the economy suffers for a long period from low oil prices, Russian Economic Development Minister Alexei Ulyakayev...
Read moreRussia relies heavily on exports of oil and gas for government revenue, leaving its economy vulnerable to lower energy prices. Crude oil prices are 50% percent lower than this date in 2014 mainly...
Read moreEgypt finalizes LNG supply deal with Gazprom Egypt’s Ministry of Petroleum informed that an LNG supply deal with Russia’s Gazprom has been finalized. According to a ministry statement, Egyptian...
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