US Slaps Sanctions On Russian Oil Firm
Rosneft penalized for its support of Venezuela’s Maduro.
Russia Needs More Time To Decide On OPEC+ Cuts, Novak Says
Russia Energy Minister Alexander Novak also noted U.S. oil output was not expanding as fast as before. "Oil production growth is slowing down there due to lower prices," he said.
Deeper OPEC+ Oil Production Cuts Await Nod From Russia, Sources Say
An OPEC+ technical panel has recommended a provisional cut in oil output of 600,000 bbl/d in response to the coronavirus' impact on energy demand as it awaits Russia's final position.
Russia Ready To Hasten OPEC+ Meeting On Coronavirus Outbreak
A coronavirus outbreak in China could cut oil demand by more than 250,000 barrels per day in the first quarter of this year and drag on oil prices already beleaguered by oversupply, analysts and traders say.
Putin: Nord Stream 2 Pipeline Will Be Finished By Around Year-end
Nord Stream 2, which will carry Russian gas to Europe avoiding transit across Ukraine, requires some 160 km of pipes to be laid and was initially expected to be in operation in the first half of 2020.
Russia Oil Production Surges To Record High In 2019
Russian oil production has been rising for the past decade thanks to the startup of new fields and the introduction of new technologies at mature deposits.
Russia, Ukraine Clinch Final Gas Deal On Gas Transit To Europe
The deal, which came just 24 hours before the current agreement expires, averted a potential Russian gas-flow interruption to Europe and helped Moscow avoid another blow to its reputation.
US Sanctions Block Hurry-up Work On Russian Gas Pipeline
President Donald Trump signed a bill late this month imposing sanctions on the Nord Stream 2 gas pipeline project led by Russia's state-controlled gas company.
Oil Hits Highest Since September On Trade Hopes, OPEC Cuts
Oil rose further above $67 a barrel to its highest in over three months on Dec. 26, buoyed by a report showing lower U.S. crude inventories, by hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply.
Oil Prices Rise In Quiet Christmas Eve Trade Amid Supply Cuts
Oil prices rose on Dec. 24 in thin pre-Christmas trading after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.