Post Tagged with: "russia"

Source: Reuters

U.S. to insist on ‘real steps’ to mitigate Russian pipeline impact

Reuters


U.S. Secretary of State Antony Blinken said on Tuesday that Washington was working with Germany to try to mitigate any effects of the completion of the Russian Nord Stream 2 natural gas pipeline.

He also indicated that more penalties …

Source: CNBC

Russia and Saudi Arabia reject calls to end oil and gas spending, call IEA’s net-zero plan ‘unrealistic’

CNBC


LONDON — Two of the world’s largest oil-producing countries plan to defy the International Energy Agency’s recommendations and continue investing in oil and gas, rejecting calls to drastically scale back the use of fossil fuels despite a deepening climate …

Source: CNBC

Russia to consider ditching dollar-denominated oil contracts if faced with more U.S. sanctions

CNBC


Russian Deputy Prime Minister Alexander Novak on Thursday said the oil and gas-rich country may soon be tempted to move away from U.S. dollar-denominated crude contracts if President Joe Biden’s administration continues to impose targeted economic sanctions.

“Well, ideally

Source: CNBC

Tensions will likely grow as China seeks bigger role in the Arctic

CNBC


China’s ambitions to take a more significant role in the Arctic will likely lead to growing tensions, according to risk consultancy firm Control Risks.

China has developed a “prominent presence” in the region since joining the Arctic Council as …

Source: Reuters

Germany confirms U.S. waiver on some Nord Stream 2 sanctions

Reuters


BERLIN -The United States is waiving sanctions on the company behind Russia’s Nord Stream 2 pipeline to Europe and its chief executive, Germany said on Wednesday, giving Berlin and Washington three more months to resolve a long-standing row.

The

Source: Reuters

Russia, Saudi Arabia at odds over output deal ahead of OPEC+ meeting: RIA cites source

Reuters


MOSCOW  – Saudi Arabia and Russia have differences over a potential deal among OPEC+ oil producers that could ease curbs on supply starting in April, a source told RIA news agency on Monday ahead of a meeting of the …

Source: Reuters

Analysis: Chinese majors to struggle to extend shale gas boom beyond 2025

Reuters


SINGAPORE – Chinese oil majors will struggle to extend fast growth in shale gas production beyond 2025, as complex geology and failure to draw in more investors make it expensive to develop the unconventional resource.

That would be a …

Source: Reuters

Saudi Arabia pips Russia to be China’s biggest oil supplier in 2020

Reuters


BEIJING/SINGAPORE – Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s top crude supplier in 2020, Chinese government data showed on Wednesday.

Oil demand in China, the world’s top oil importer, remained strong …

Source: Reuters

Oil jumps 5%, breaks above $50 for the first time since February as Saudi Arabia announces voluntary cuts

CNBC


U.S. benchmark West Texas Intermediate crude futures broke above $50 on Tuesday for the first time since February, boosted by a surprise announcement by Saudi Arabia of a 1 million barrel per day production cut beginning in February and …

January 5, 2021 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Russian Nord Stream 2 pipe-laying vessel leaves German site, indicating project progress

Reuters


MOSCOW – The Russian pipe-laying vessel Fortuna has left the Nord Stream 2 gas pipeline construction site in the Baltic Sea, Refinitiv Eikon data showed on Monday, indicating that the 2.6-km stretch of the project in German waters may …

December 28, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News, Pipeline News
Source: Reuters

Novak says Russia backs OPEC+ 500,000 bpd oil output hike from February

Reuters


MOSCOW – Russia expects to support an increase in oil production by the group, known as OPEC+, of another 500,000 barrels per day (bpd) from February at next month’s summit of the leading global oil producers, Russian Deputy Prime …

December 28, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Russia to U.S. President-elect: don’t upset the oil market

Reuters


MOSCOW – Russia hopes the incoming administration of U.S. President-elect Joe Biden will not derail producer nations’ action to boost oil markets, Russia’s Deputy Prime Minister Alexander Novak said on Monday.

Russia, other leading oil producers and the Organization …

December 21, 2020 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

Russia restarts Nord Stream 2 pipeline construction despite U.S. sanctions

Reuters


MOSCOW – Russia has resumed construction of the politically-charged Nord Stream 2 gas pipeline to Germany, laying pipes after a one-year hiatus prompted by U.S. sanctions, the pipeline operator said on Friday.

The pipeline, which Washington says compromises European …

December 11, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Natural Gas News, Pipeline News
Source: Reuters

Russian, Chinese intelligence targeting Norwegian oil secrets: report

Reuters


OSLO – Russia, China and other countries are using espionage to glean secrets of Norway’s petroleum industry and plans by its government to cut or increase production, the Norwegian counterintelligence service PST said.

In a report dated Nov. 5 …

Source: Reuters

Saudi Arabia and Russia in tight race to become China’s top oil supplier in 2020

Reuters


SINGAPORE  – Saudi Arabia and Russia are in a tight race to become China’s top oil supplier in 2020, with both countries boosting crude exports to the economic powerhouse even as the coronavirus pandemic hit global demand for oil …

Source: Reuters

Sanctions on Russia gas pipeline included in annual U.S. defense bill

Reuters


WASHINGTON – Sanctions that could hinder one of Moscow’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill, two congressional aides said on Wednesday.

The sanctions …

November 12, 2020 - 12:00 pm Closing Bell Story‎, Energy News, Pipeline News
Source: Reuters

OPEC’s Algeria backs, Russia ponders extended oil output cuts

Reuters


LONDON – OPEC member Algeria on Tuesday came out in support of deferring a planned increase in OPEC+ oil output from January, a day after Russia’s energy minister raised the possibility with the country’s oil companies.

Algeria, which holds …

Source: Reuters

Column: OPEC+ set for a three-month output rollover – John Kemp

Reuters


LONDON – Saudi Arabia and Russia will probably agree to extend their oil production cuts and postpone planned increases when they meet for talks with their OPEC+ partners at the end of November.

For tactical reasons, both countries are …

Source: Reuters

Exclusive: Russia’s tainted oil dispute drags on as buyers fight for payouts

Reuters


MOSCOW  – Four major buyers of Russian oil are contesting the amount of compensation pipeline monopoly Transneft TRNF_p.MM has offered over the supply of tainted barrels more than a year ago, three sources told Reuters, raising the prospect of …

Source: Reuters

Russia’s Novak says premature to talk about OPEC+ plans beyond 2020

Reuters


MOSCOW – Russia’s energy minister said on Tuesday it was too early to discuss the future of global oil production curbs beyond December, less than a week after saying plans to reduce the output restrictions should proceed.

OPEC and …

October 20, 2020 - 12:07 pm Closing Bell Story‎, Crude Oil News, Energy News, OPEC
Source: Reuters

OPEC+ to stick with plans to ease output cuts, says Russia’s Novak

Reuters


MOSCOW – Russian Energy Minister Alexander Novak on Wednesday said that the OPEC+ group of leading oil producers will start easing output curbs as planned despite a global spike in coronavirus cases.

“Despite the start of the second wave …

Source: Reuters

Exclusive: International lenders back $9.5 billion financing for Russia’s Arctic LNG 2 – document

Reuters


LONDON – International lenders have lined up about $9.5 billion in financial support for a Russian Arctic liquefied natural gas (LNG) project, a document seen by Reuters showed, even as such projects come under greater scrutiny over climate concerns.…

September 18, 2020 - 11:30 am Closing Bell Story‎, Energy News, International, LNG
Source: Reuters

Lobbying for Russian pipeline spikes in Washington

Reuters


WASHINGTON – As U.S. lawmakers plot to stop one of Moscow’s most important projects in Europe, the Nord Stream 2 pipeline, lobbyists supporting it are busier than ever but disclosing few details of their work, according to government filings …

Source: Reuters

Column: U.S. crude stocks stabilise as Saudi export surge ends – Kemp

Reuters


LONDON – Bloated U.S. crude inventories are finally on a diet, after the surge of imports from Saudi Arabia, loaded at the height of the volume war with Russia in March and April, finished discharging in the middle of …

source: Reuters

Investors in Russian pipeline projects at risk of U.S. sanctions, Pompeo says

Reuters


WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin’s economic leverage over Europe and …

Source: Reuters

Russia keeps U.S. fuel oil exports high as Washington seeks to replace Venezuelan barrels

Reuters


MOSCOW – Russia kept fuel oil exports to the United States close to its record-highs in the first six months of this year, as Washington looks to replace the heavy Venezuelan barrels it stopped buying a year ago, traders …

July 13, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Russia’s Nornickel disputes $2 billion Arctic spill damages claim

Reuters


MOSCOW – Russian mining giant Norilsk Nickel (Nornickel) is disputing more than $2 billion in damages after a fuel spill which Russia’s environmental watchdog has said threatens unprecedented damage to the Arctic.

Watchdog Rosprirodnadzor sent a request for “voluntary …

July 8, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Exclusive: Russia’s Rosneft to buy a drilling business from IDS: letter

Reuters


MOSCOW – Rosneft is set to buy a drilling business from IDS Group, a letter to IDS staff seen by Reuters showed, as the Russian oil giant continues its push into oilfield services to help reduce costs.

The letter …

Source: Forbes

How Russian and Saudi oil ties to China complicate the post-pandemic world

Forbes


Russia and Saudi Arabia both rely on oil sales to fund a majority of their budgets. In the last five plus years, China has become the biggest customer for both countries. In fact, China is the world’s largest importer

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

Breakeven crude oil prices are one metric of the economic constraints facing OPEC+ members

EIA


Oil & Gas 360 Publishers Note: To help understand the OPEC + members, take a look at the breakeven crude oil prices. Breakeven is is the fiscal breakeven, the minimum price that a country needs to receive per barrel