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Gleb Gorodyankin

Russian share of Europe oil market under threat as exports hit 20-year lows

Jun 30 2020

MOSCOW Russian oil exports to Europe are set to hit their lowest levels in two decades in July, with an output cut deal prompting other suppliers to fill the gap left by Moscow, data from traders and Refinitiv Eikon shows.

Urals u-turn as Europe shuns expensive Russian oil

Jun 26 2020

MOSCOW/LONDON The rapidly rising price of Russia's flagship Urals blend oil has forced European refineries to cut purchases from Moscow and look for crude supplies elsewhere, traders said on Friday.

Exclusive: Rosneft replaces sanctioned trading arm with new one - sources

Jun 04 2020

MOSCOW Russia's Rosneft , which closed its oil trading arm after sanctions were imposed by U.S. authorities in February, has set up a new Geneva-based trading business, four trading sources familiar with the matter said.

Exclusive: China snaps up Russia's expensive Urals oil in thirst for sour barrels

Jun 01 2020

MOSCOW China's refiners have purchased a quarter of Russia's Urals oil exports planned for June in the Baltic despite record high premiums for the grade due to a lack of sour barrels as result of the OPEC+ output cuts, traders said and shipping data showed.

Russia close to hitting OPEC+ oil output target in May - sources

Jun 01 2020

MOSCOW Russia's oil and gas condensate production fell to 9.39 million barrels per day (bpd) in May, close to its target under a global deal to reduce output, sources familiar with the data told Reuters.

UPDATE 1-Russia close to hitting OPEC+ oil output target in May - sources

Jun 01 2020

* OPEC, Russia discuss oil cuts rollover (Adds detail, background)

Exclusive: Russia's Rosneft finds extended oil cuts painful - sources

May 29 2020

MOSCOW Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday.

Exclusive: Russia's Rosneft finds extended oil cuts painful - sources

May 28 2020

MOSCOW Rosneft does not have enough crude to ship to buyers with which it has long-term supply deals, making it hard for the Russian company to continue with record oil cuts beyond June, four sources familiar with the matter told Reuters on Thursday.

Yandex's fuel payment service booms as Russians go contactless in pandemic

May 27 2020

MOSCOW Russian internet giant Yandex has seen a surge in use of its contactless payments service at petrol stations during the coronavirus pandemic, sparking fears among some station owners of a plunge in business at their shops.

UPDATE 1-Kazakhstan signs decree to cut oil output under OPEC+ deal - sources

May 11 2020

MOSCOW, May 11 The Kazakh government signed a decree on Monday to cut oil output from May onwards in line with a deal agreed last month by the OPEC+ producer group, four sources familiar with the matter told Reuters.

World News

Exclusive: China sharply expands mass labor program in Tibet

China is pushing growing numbers of Tibetan rural laborers off the land and into recently built military-style training centers where they are turned into factory workers, mirroring a program in the western Xinjiang region that rights groups have branded coercive labor.