Russia plans to cut its oil production and export by an average of 471,000 barrels a day in the second quarter of 2024 as part of its voluntary commitments under the OPEC+ deal, Russian Deputy Prime Minister Alexander Novak said. …
Iranian Oil Minister Javad Owji expressed hope that cooperation with Russia in the energy sector will expand. Speaking at a meeting of the intergovernmental commission on trade and economic cooperation between Russia and Iran in Tehran, …
The U.S. Treasury Department said it had put sanctions on three entities based in the United Arab Emirates (UAE) and one tanker registered by Liberia for violating a cap placed on the price of Russian oil by a coalition of Western nations. …
Kazakhstan will keep the cost of transit of Russian oil to China until 2034, the press service of Kazakhstan’s national operator on the KazTransOil main oil pipeline said. From January 1, 2024 through December 31, 2033, the cost …
Kazakhstan is ready to increase oil transit supplies from Russia to Uzbekistan this year. It is planned to increase supplies by 50 thousand tons.
A surge in oil tanker earnings extended as the disruption to traffic through the Red Sea lifts the cost of hauling some barrels. Rates for vessels carrying fuel from the Middle East to Asia have almost tripled since the United States …
Russia is increasing its energy exports to China
The United States resumed importing Russian oil last October for the first time since March 2022. The interruption in the supply of energy resources was one and a half years. The U.S. resumed imports of Russian oil in …
Russia has retained its position as the main supplier of natural gas and oil to Turkey in 2023, the Turkish Hurriyet newspaper reported, citing data from the Energy Market Regulatory Authority. Moreover, Russia is the main exporter of …
KazTransOil raised the tariffs for Russia's oil transportation through Kazakhstan's section of the Tuimazy-Omsk-Novosibirsk-2 oil pipeline (TON-2) from January 1, 2024 by 37 cents. Tariff rates for oil transportation …
Russian Deputy Prime Minister Alexander Novak expects the Brent oil price at $80-$85 per barrel next year, broadly in line with current levels.. He told Rossiya-24 state TV that Russia expects that the export of oil and petroleum …
The United States and its allies have updated measures of ensuring compliance with the price cap for Russian oil, the U.S. Treasury Department …
New entities have been added to the US sanctions list against the Russian Federation
The Ministry of Industry and Trade of the Russian Federation announced its readiness to increase oil exports to Uzbekistan. Moscow is also ready to support Tashkent's initiatives to develop resources.
Kazakh President Kassym-Jomart Tokayev said that Kazakhstan is ready to make full use of its transport potential and is ready to further increase …
Russian oil may be processed by Azerbaijani oil refineries. A preliminary agreement was reached during the negotiations by Russian Deputy Prime Minister Alexander Novak and the head of the Azerbaijani Ministry of Economy, Mikail Jabbarov
Russian-Pakistani negotiations on oil supplies from the Russian Federation continue. Pakistan may also start purchasing Russian LNG.
There is no fuel shortage in Russia, its production has increased
Russian oil-export revenues rose to a 10-month high in August, according to the International Energy Agency. Russia received $17.1 billion last month from overseas supplies of crude oil and petroleum products, $1.8 bln more than in …
Russia's export duty on oil will rise by $4.5 to $21.4 per tonne beginning on September 1, 2023, according to the Russian Finance Ministry. The government plans to increase the oil export duty next month, up by a …
