#oil

Russia Again World’s Leading Oil Producer

Russia’s oil production surpassed Saudi Arabia’s in December 2016, although both countries’ overall output fell during that period

Qatar Investment Authority to Produce Oil in Russia

The Qatar Investment Authority, or QIA, will produce oil in Russia

Russia in Top Ten for Countries With Cheapest Petrol

Russia ranked tenth overall in the list of countries with the cheapest petrol based on economic results from the fourth quarter of 2016

Russia-Iran Trade Deal Speaks Volumes

At the meeting in Tehran, Russia and Iran signed a number of deals which are likely to boost trade between the two countries to $10 billion

Gazprom to Work on Two Oil Fields in Iran

“I hope that today, with the signing of this document, Gazprom Oil will start working on two oil fields in Iran,” said Bijan Zangeneh, Iran's Minister of Oil

Russia’s Oil Giant Rosneft Finds Unexpected Investors

Glencore and Qatar’s sovereign wealth fund has acquired a 19.5% stake in Rosneft for €10.2 billion

St. Petersburg Stock Exchange: Foreigners Keen on Urals Futures

Foreign market players have expressed interest in the export futures for Urals oil, launched on Nov. 29 on the St. Petersburg International Mercantile Exchange

OPEC President: Russia Agreed To Cut Oil Output

Russia has agreed to cut its oil output by 300,000 barrels per day, a decision from which Citi analysts say the country may significantly benefit

Russia Now China’s Leading Oil Supplier – Reuters

Russia has consolidated its position as China’s primary oil supplier, surpassing Saudi Arabia in the first ten months of the year

Russian Oil Being Produced at Highest Rate in 25 Years

Deputy Minister of Energy said at the ENES 2016 Forum in Moscow that average daily oil production in Russia has been 11.2 million barrels since the beginning of November

Rosneft and Gazprom Overachieved on 2016 Plan for Shelf Exploration Work – Report

Rosneft and Gazprom have overachieved on their 2016 plans for Arctic shelf exploration, said Russia’s Minister of Natural Resources and the Environment

Citi: Russia May Borrow as Cheaply as Before Sanctions, Even with Oil at $120

Rates for the Russian sovereign debt have reached their pre-crisis levels, says Blazej Dankowski, Head of Debt Capital Markets in Russia and Kazakhstan

More than 90 Percent of Deposits on Russia’s Arctic Shelf Still Undiscovered – Report

The potential percentage of undiscovered oil and gas in Russia’s Arctic shelf is possibly as high as 91%, according to Russian Minister of Natural Resources and the Environment

Bloomberg: Russia $6 Billion Richer Thanks to OPEC Talks

Russia’s decision to enter into negotiations with OPEC to limit oil production has added 400 billion roubles ($6 billion) to the country’s budget, Bloomberg reported

Rosneft Increases Hydrocarbon Production

Russian oil giant Rosneft reported that it had discovered seven new oilfields and 47 oil deposits holding estimated reserves of 47 million tons in the first nine months of 2016

World Bank’s Economic Forecast on Russia Improves

The World Bank has improved Russia’s economic outlook, as the economy is projected to contract by 0.6% in 2016

Moody’s: Russian Oil and Gas Sector Unaffected by Sanctions

Analysts with the international credit rating agency Moody's claim that US and EU sanctions have had no major impact on the Russian oil and gas sector

A World of Possibilities

The existing business climate and possibilities for expansion dominate discussions at the Fifth Eurasian Forum

Russia’s Role in Resolving Energy Challenges ‘Crucial’ – OPEC Secretary General

OPEC Secretary General Mohammed Barkindo emphasised that Russia plays an important role in addressing the challenges faced by the global energy sector

Rosneft Has Investment Projects Worth $100Bln to Offer Europe – Sechin

Russian oil giant has investment projects worth more than $100 billion along the Russia-Europe and Russia-Pacific Rim energy bridges to offer to European investors

Russia to Join the Oil Production Freeze, Putin Says

The decision to freeze or cut oil production is crucial for maintaining stability on the oil market