Tag : Russia oil

Featured Oil & Gas

China oil prices fall scepticism on OPEC+ cuts

IFM CorrespondentDecember 12, 2023December 11, 2023

by IFM CorrespondentDecember 12, 2023December 11, 2023

Fears regarding the state of China's economy have also contributed to the bearish sentiment...

Featured Oil & Gas

Russia & Saudi Arabia to continue voluntary oil cuts

IFM CorrespondentOctober 5, 2023October 4, 2023

by IFM CorrespondentOctober 5, 2023October 4, 2023

In August, Russia announced that it would decrease exports by 300,000 bpd through the end of the year...

Featured Oil & Gas

G7 shelves Russian oil cap reviews as prices soar ahead of supply cuts

WebAdminSeptember 21, 2023

by WebAdminSeptember 21, 2023

The G7 countries along with the European Union and Australia imposed the price cap mechanism on Russian oil in December 2022, followed by a cap on fuel from February 2023...

Featured Oil & Gas

Moscow plans to reveal new parameters, extends oil export reduction

IFM CorrespondentSeptember 11, 2023

by IFM CorrespondentSeptember 11, 2023

Russia has been reducing output and exports in concert with Saudi Arabia in addition to current OPEC+ limits...

Featured Oil & Gas

Responding to oil price caps, Russia to send more to Asia

WebAdminSeptember 22, 2022September 21, 2022

by WebAdminSeptember 22, 2022September 21, 2022

Before sending tens of thousands of troops into Ukraine in February, about half of Russia's oil and petroleum product exports went to Europe...

Featured Oil & Gas

Global oil prices plunge as Saudi-Russia negotiations collapse

Pritam BordoloiMarch 9, 2020March 9, 2020

by Pritam BordoloiMarch 9, 2020March 9, 2020

Saudi Arabia decides to cut prices by nearly 10%...

Lukoil: Russia’s oil production to reach 12 bpd by 2035

Pritam BordoloiDecember 18, 2019

by Pritam BordoloiDecember 18, 2019

Currently, Russia pumps around 11.2 million bpd of oil and condensate...