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OPEC has increased Russia's oil production forecast, expected to grow up to 10.94 million barrels per day (mb/d) in 2016, OPEC said in its monthly oil market report. Russia's oil production is expected to grow by 0.89 percent, …
The administration of the central dispatch of the Energy Statistics published today the Russian oil industry’s statistics in January-April 2016, from which it follows that Russian oil exports in this period increased by 5.1% to …
Last year, Russian oil exports to Europe grew by more than 8% and reached 150 million tons, or about 3 million barrels per day as a result, data published by the Ministry of Energy of Russia indicates. The overall export of Russian oil …
The Prime Minister of Ukraine, Arseniy Yatsenyuk, has stated at a meeting today that the government is to take the initiative to ban the purchase of Russian oil. The Prime Minister reminded that Kiev had already …
The US presidential candidate from the Republican Party, Donald Trump, believes that for many European countries oil and gas from Russia are more important than Ukraine. "I think that what happened there bothered …
Russian President Vladimir Putin, speaking at a meeting with members of the government today, stated about the generally reached agreement on freezing oil production in 2016 at the January level. "We met with the …
The most important thing in relations with Azerbaijan is the stable, friendly character in relations and interest in the success of both countries, the Russian Extraordinary and Plenipotentiary Ambassador to Azerbaijan, Vladimir …
The interest of Western service companies in the Russian market remains
Russia's Finance Ministry is preparing a tax reform for the oil industry, which may lead to the abolition of privileges for certain oil fields, Reuters agency reports, citing sources in the Ministry of Finance and the Ministry of Energy of …
The head of the Russian Ministry of Energy, Alexander Novak, described the conditions under which Russia might consider cutting its oil output volumes. "We're ready to discuss the …
