EU Gas Pipeline Rules Could Slow Russia’s Nord Stream 2
Draft law would require import pipelines to not be owned directly by suppliers.
OPEC Cuts Oil Production Steeply But Sees Growing 2019 Headwinds
OPEC cut its oil forecast for 2019 world economic growth by 0.2 percentage point to 3.3% and highlighted a range of headwinds such as a slowdown in global trade.
Document: OPEC, Russia Draft Cooperation Charter Offers No Formal Body
OPEC and Russia have been cutting production together to support prices since 2017, after clinching a deal in December 2016, in moves that have provoked criticism from U.S. President Donald Trump.
US Senate committee To Consider Resolution Against Nord Stream 2 Pipeline
Republican and Democratic U.S. senators on Feb. 7 unveiled a resolution calling for the cancellation of Russia's Nord Stream 2vnatural gas pipeline, a link under the Baltic Sea from Russia to Germany.
Schlumberger Scraps Bid For Stake In Russia’s Eurasia Drilling
U.S. oilfield services giant Schlumberger said last month it would withdraw its application to buy a stake in Russia's Eurasia Drilling Co. if it didn't get regulatory approvals soon.
No Signs Of Stopping In 2019
Operators push forward with ambitious plans despite price volatility.
Report: Russia's Novatek Head Sees LNG From US As Chief Threat
Leonid Mikhelson, the head of Russia's Novatek said on Jan. 25 that LNG from the United States as its chief threat, Interfax news agency reported.
Russia Seals Position As Top Crude Oil Supplier To China, Holds Off Saudi Arabia
Russia came in as China's largest crude oil supplier in December, cementing the top spot for all of 2018 for a third year in a row ahead of rival Saudi Arabia, customs data showed on Jan. 25.
US Oil Production To Surpass Russia, Saudi Arabia Combined In 2025
The growth in U.S. liquids production will be driven by major shale basins such as the Permian Basin in parts of Texas and New Mexico, a Rystad Energy report said.
Russia Says Oil Price War With US Would Be Too Costly
Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.