Russia claims Number One spot In LNG Exports To China
Russia exported more LNG to China in June than the United States did, at 396,000 tons versus 340,000 tons, Russia’s Sputnik reports, citing data first quoted by Bloomberg. According to the…
Russia’s oil price hedges modeled on Mexico’s system
MOSCOW (Bloomberg) --Russia's President Vladimir Putin ordered his government to consider hedging Russia’s massive oil and gas export revenues to protect the country from drops in prices, Interfax reported Wednesday.…
Texas accuses Saudi Arabia and Russia of dumping
AUSTIN - The Interstate Oil and Gas Compact Commission (IOGCC) this week passed Railroad Commission Chairman Wayne Christian's (R - Texas) resolution urging the federal government to investigate excessive dumping…
As Price Soars, Europe Avoids Russia Crude Oil
European refiners are shunning Russia’s flagship crude grade Urals, which is now more expensive than Brent Crude after Russia cut its exports as part of the OPEC+ agreement, oil traders…
Physical Crude Prices Rise when Russia Cuts Oil Exports
LONDON (Bloomberg) --To understand why physical crude oil prices are rising across Europe, look to Russia. The country, one of the world’s largest producers, is curbing its oil exports to…
Russia’s Oil Giants Butt Heads Over Pipeline Fees
Russia’s largest oil producer Rosneft and the state-owned oil pipeline monopoly Transneft added another page to their long-running confrontation when Rosneft’s CEO, Igor Sechin, complained to President Vladimir Putin, on…
The Saudi-Russia oil price war was a ‘very big mistake,’ Qatar energy minister says
Qatar’s Minister of State for Energy Affairs shared his thoughts on some of the major oil producers’ market moves in recent months, shedding disapproval on the March decision by Saudi…
Russia has no objection to earlier OPEC+ meeting: sources
Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar…
Saudis, Russians plan to work together at June’s OPEC+ meeting
Russia and Saudi Arabia agreed to closely coordinate on the OPEC+ output cuts deal, two weeks ahead of a crucial meeting of the group. The talks between President Vladimir Putin…
OPEC, Russia approve biggest-ever oil cut to support prices amid coronavirus pandemic
BAKU/DUBAI/LONDON (Reuters) - OPEC and allies led by Russia agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic and said they…