Russia wants to steer clear of any OPEC-led oil production cut: sources
Russia wants to stay out of any oil-production cuts being touted by some of its partners in an OPEC-led supply pact, two high-ranking Russian sources told Reuters.
Exclusive: Russia clashes with Western oil buyers over new deals as sanctions loom
Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S. sanctions.
Russia's Rosneft says third quarter daily oil output up 3.4 percent year-on-year
Russian oil giant Rosneft said on Monday its average daily crude oil and gas condensate production in the third quarter rose by 3.4 percent in year-on-year terms to 4.73 million barrels thanks to a global supply deal easing.
U.S. renews Iran sanctions, grants oil waivers to China, seven others
The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and India to keep buying crude from the Islamic Republic.
Hedge funds cut bullish bets on oil to lowest for over a year: Kemp
Hedge fund managers continued to liquidate former bullish positions in oil last week and for the first time in more than a year clear signs of fresh short-selling emerged.
Russia ready to continue cooperation with OPEC and non-OPEC oil producers
Russia is ready to continue cooperation with OPEC and non-OPEC oil producers, Russian Energy Minister Alexander Novak told reporters on Thursday, adding that the oil market is currently in balance despite volatile inventories.
Oil slumps 5 percent as global equities tumble, Saudi supply assurances
Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran.
Exclusive: Russia to suspend light, heavy oil product exports to Belarus from November
Russia plans to halt exports of light and heavy oil products to Belarus from next month until the end of next year, with restrictions also applying to shipments of liquefied petroleum gas (LPG), two Russian government sources told Reuters.
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