Edition:
United States

Olesya Astakhova

OPEC+ leaning towards oil cut extension, despite rally: sources

Nov 25 2020

MOSCOW/LONDON OPEC and allies including Russia are leaning towards delaying next year's planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said.

Rosneft swings to third-quarter net loss, buyback extension supports shares

Nov 13 2020

MOSCOW Fallout from the pandemic and a weaker rouble sent Russian energy giant Rosneft to a third-quarter net loss of 64 billion roubles ($827 million) from net income of 43 billion roubles in the previous quarter, the company said on Friday.

OPEC and Russia study deeper oil cuts - two sources

Nov 03 2020

LONDON The Organization of the Petroleum Exporting Countries and Russia are considering deeper oil output cuts early next year to try to strengthen the oil market, one OPEC source and one source familiar with Russian thinking said on Tuesday.

Analysis: Tax hikes may help Russian oil majors stomach OPEC output curbs

Oct 26 2020

MOSCOW Higher taxes imposed on Russia's energy sector could make prolonged output curbs by OPEC and allied producers easier to stomach for Moscow's energy majors.

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

Oct 20 2020

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.

Russia may support global cuts rollover beyond 2020 if oil markets worsen -sources

Oct 20 2020

* Russia may support oil output cuts rollover beyond 2020 - sources

New gas pipeline could heat up Azeri-Russian rivalry

Oct 06 2020

MOSCOW Azerbaijan's ties with Russia, already strained by conflict in Nagorno-Karabakh, face further pressure from the launch later this year of a gas pipeline that is poised to squeeze Moscow's diminished gas sales to Europe and Turkey.

World News

Exclusive: Trump to add China's SMIC and CNOOC to defense blacklist - sources

The Trump administration is poised to add China's top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.