Russia to Build Up Half-Finished Oil Wells to Regain Market Share
DUCs are primed to operate when the OPEC+ deal expires, Russia’s energy minister says.
No Nord Stream 2? No Problem for Germany, Economists say
Canceling the project would create a legal mess and higher costs but nothing Germany couldn’t handle, say experts.
Navalny Poisoning adds Pressure for Germany to Rethink Nord Stream 2
Germany politicians demand a tough response from Merkel to the attempted murder of the Kremlin critic.
OPEC August Oil Output Rises for Second Month as Supply Cut Eased
OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.
OPEC+ Oversupply Totals 2.31 MMbbl/d
Cartel would need to slash output to compensate for its May-July surplus.
EU ‘Highly Concerned’ by US Stance on Nord Stream Pipeline
Sanctions violate international law, 24 members say.
Russia’s Gazprom Neft Discovers Oil Field in Urals Region
The company said the Roshchinskoye oil field has “geological reserves” of 4 million tonnes (29.3 million barrels).
Lobbying for Russian Pipeline Spikes in Washington
Lobbyists have disclosed little information about their activities.
Poland Fines Gazprom $57 Million over Nord Stream 2
Anti-monopoly agency says the Russian gas company has not cooperated.
Russia Raises Oil Output as OPEC+ Cuts Ease
Russian oil and gas condensate output increased to 9.8 million barrels per day (MMbbl/d) on Aug. 1-2 from 9.37 MMbbl/d in July.