President Vladimir Putin said on Thursday Russia had differences with OPEC over what constituted a fair price for oil, but that Moscow would take a joint decision on output with OPEC colleagues at a policy meeting in the coming weeks.

• Date: 19.06.2019  |  Published on EGF: 19.06.2019  |  Energy

Iran and Russia have signed a memorandum of understanding over cooperation in the energy sector, the Iranian oil ministry’s SHANA news agency reported on Monday.

• Date: 17.06.2019  |  Published on EGF: 17.06.2019  |  Energy

U.S. President Donald Trump said on Wednesday he was considering sanctions over Russia’s Nord Stream 2 natural gas pipeline project and warned Germany against being dependent on Russia for energy.

• Date: 12.06.2019  |  Published on EGF: 12.06.2019  |  Energy

The quality of Russian crude is gradually improving after a contamination scandal that rocked oil markets, buyers said on Tuesday, but Russia’s energy minister cautioned that it will take until the second half of May to fix the problem.

• Date: 17.05.2019  |  Published on EGF: 17.05.2019  |  Energy

Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say.

• Date: 13.05.2019  |  Published on EGF: 13.05.2019  |  Energy

Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020, the company said on Tuesday, reflecting Moscow’s drive to develop the resource-rich region.

• Date: 17.04.2019  |  Published on EGF: 17.04.2019  |  Energy

President Vladimir Putin said on Tuesday that Russia and OPEC should discuss the future of their oil output-cutting deal later this year, adding that current oil prices suited Moscow.

• Date: 17.04.2019  |  Published on EGF: 17.04.2019  |  Energy

United Arab Emirates’ energy minister said on Wednesday that Russia was committed to its oil supply cut agreement with OPEC and would not raise its output unless in coordination with the exporting group.

• Date: 17.04.2019  |  Published on EGF: 17.04.2019  |  Energy