Rosneft set to join Shell and BP in India, report says
Russian oil giant Rosneft is expected to follow Shell and BP into the Indian fuel retail market with the acquisition of a stake in Essar Oil, a news report said.
Russia
Oil price gains ground after Russia opens door to output freeze
Oil prices hit one-year highs on Monday after Vladimir Putin said Russia would be willing to join Opec in an output freeze.
Turkey, Russia resume talks on gas prices
Talks have resumed between Russia and Turkey on the price of gas, according to reports.
Rosneft boss wins Kremlin struggle as $5.3bn deal for regional producer approved
Igor Sechin, a long-time ally of Russian President Vladimir Putin, won an internal Kremlin struggle to buy the government’s share in a regional oil producer, allowing his company, Rosneft, to continue expanding.
Russia’s Central Bank could resume foreign currency purchase with oil at $55
Russia's Central Bank said it could resume purchase of foreign currency for the country's reserves if oil prices were to hit $55 a barrel in 2019.
Russia to wait for OPEC agreement before joining oil output talks
Russia plans to join discussions on limiting oil production only after OPEC members reach an agreement between themselves, meaning talks aimed at stabilizing the market could extend beyond Algiers next week.
Russian Finance Ministry has no plans to change oil exploration calculation
Russia's finance ministry said it does not plan to change the parameters of existing oil export duty calculation which is set to come down by a third.
Russian oil output surges as Opec talks loom
Russian oil output rose to a record ahead of talks on supply with Saudi Arabia and other members of the Organization of Petroleum Exporting Countries next week.
New Arctic Gazprom field casts doubt on output freeze plans, report says
The oil branch of Russian energy giant Gazprom will start producing from its newest Arctic field in the next few weeks, a news report said, casting doubt of efforts to agree a global output freeze.
Opec output freeze unlikely to lift oil prices, report says
An output freeze among Opec members and Russia will not boost oil prices significantly, the Economist Intelligence Unit (EIU) said yesterday.
Iran starts building second nuclear plant with Russian help
Iran has begun building its second nuclear power plant with Russian help, the first such project since last year’s landmark nuclear deal with world powers.
Saudi, Algerian oil ministers to meet OPEC chief in Paris
The energy ministers of Saudi Arabia and Algeria will meet with OPEC’s top official Friday as major oil producers continue to lay the ground for a potential deal to bolster crude prices in Algiers later this month.
Russia energy minister predicts winter oil price drop
Russia’s energy minister has said there was a risk oil prices would drop in winter due to market volatility, according to a media report.
Russia’s Gazprom granted TurkStream pipeline permits
Turkey has granted Russian energy firm Gazprom permits for the revived TurkStream project.
OPEC risks ‘crying wolf’ as oil trader gunvor says deal unlikely
One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices.
Brent oil holds gains as Saudi-Russia deal falls short of freeze
Brent oil held its gains as investors weighed the pledge by Russia and Saudi Arabia to cooperate to stabilize global crude markets that fell short of specific measures to bolster prices.
OPEC output rises to record before talks with Russia on freeze
OPEC’s crude production climbed to a record last month as increased output from Gulf members made up for persisting losses in Nigeria and Libya, according to a Bloomberg survey.
Putin sees Rosneft sale as soon as this year to ease budget pain
Vladimir Putin said Russia is pushing ahead with plans to sell a fifth of Rosneft PJSC, the country’s largest listed oil producer, as the government seeks to cut its budget deficit.
Gazprom to auction gas into Europe where buyers have the edge
Russia’s Gazprom PJSC will start a round of natural gas auctions for utilities and traders in Europe on Wednesday, a further sign the world’s biggest exporter of the fuel is becoming more market orientated.
Rosneft chief exec said to pitch $16bn double deal to sway Putin
Rosneft PJSC chief Igor Sechin has come up with a proposal to expand his energy empire while helping critics in the Russian government meet their goal of reducing the widest budget deficit in six years.
Biden: Nord Stream 2 pipeline “bad deal” for Europe
US Vice President Joe Biden has said the US believes the Nord Stream 2 pipeline is a "bad deal" for Europe.
Gas stays low despite Kiev’s Russian invasion warning
How can you tell there’s a gas glut in Europe? When even the threat of a full-scale invasion into the continent’s largest gas transit country by its largest outside supplier can’t raise prices.
Russia pushes back $5bln Bashneft privatisation
Russia is delaying what would have been its biggest asset sale in a decade after plans were upended by renewed weakness in global oil markets and as two of the nation’s biggest crude producers expressed interest in the offering of shares in Bashneft.
Gazprom to go it alone after Nord Stream 2 joint venture bid collapses in Poland
A consortium of Gazprom and five European allies has withdrawn its application to set up a Polish joint venture to build the Nord Stream 2 pipelines in the Baltic Sea.
Russia’s Rosneft hits drilling record in June, reveals Vietnam play
Russian state oil company Rosneft set a new daily development drilling record in the first half of this year while its partners in Vietnam discovered a new gas condensate field.