Oil, Political

Russian oil transit through Ukraine to fall by 40%

Due to reduced demand from refineries in Eastern Europe, oil transit through the Ukraine by pipeline will decrease by 40% in May 2020.

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Roszarubezhneft gains control over National oil consortium, operating in Venezuela?

Roszarubezhneft, controlled by the Russian Government, continues to develop in Venezuela.

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Russia and Saudi Arabia are firmly committed to accelerating the restoration of balance in the oil market

Russia and Saudi Arabia are firmly committed to achieving market stability and accelerating the restoration of balance in the oil market. This was stated by Minister o

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Alexander Novak: Available oil storage capacities in the world can be filled in 4-5 weeks

Given the fall in demand for petroleu

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Russia has set a condition for consent to a new OPEC + deal

Russia is ready to participate in the new OPEC + deal “as part of its share in the total production of the countries participating in the agreement under certain conditions.” This was s

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Yuri Barsukov tells about new deal to reduce production

A teleconference of OPEC+ countries' Energy Ministers, which was supposed to start negotiations on reducing production by unprecedented 10 mill

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Russia risks to lose old Soviet oil fields

Russia is at risk of losing its old deposits, the development of which began in the Soviet period.

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Yuri Barsukov tells why Rosneft had to leave Venezuela

While the world's attention is focused on the spread of the coronavirus, a very important story went almost unnoticed: the Russian state bought

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In the first quarter of 2020, oil production in Azerbaijan amounted to 754 thousand barrels per day

Azerbaijan doesn't intend to change its plans for oil production in 2020, the Ministry of Energy told the Interfax-Azerbaijan.

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Ministry of Energy of the Russian Federation and the USA agreed on cooperation

The Heads of the Russian and US Energy Ministries Alexander Novak and Dan Bruyett held a telephone conversation during which they discussed the current situation in the global oil marke

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