Edition:
United States

Vladimir Soldatkin

Russia wants to steer clear of any OPEC-led oil production cut: sources

Nov 15 2018

MOSCOW Russia wants to stay out of any oil-production cuts being touted by some of its partners in an OPEC-led supply pact, two high-ranking Russian sources told Reuters. | Video

Russia says no emergency action warranted to halt oil price decline

Nov 14 2018

SINGAPORE Russia's energy minister said on Wednesday no emergency action was warranted to stem a decline in oil prices, as crude benchmarks fell again.

Russia says no emergency action warranted to halt oil price decline

Nov 14 2018

SINGAPORE Russia's energy minister said on Wednesday no emergency action was warranted to stem a decline in oil prices, as crude benchmarks fell again.

Higher oil price and output boost Rosneft, despite charges

Nov 06 2018

MOSCOW Russia's largest oil producer Rosneft almost tripled third-quarter net profit to 142 billion roubles (1.6 billion pounds), as higher crude output and prices outweighed impairments on downstream operations.

UPDATE 2-Higher oil price and output boost Rosneft, despite charges

Nov 06 2018

* Rosneft raises capex, output guidance, shares up 5 pct (Adds production, capex forecasts, share price)

Russian oil producer Zarubezhneft quits Iran projects due to sanctions: sources

Nov 02 2018

MOSCOW Russian state-owned oil producer Zarubezhneft has pulled out of projects in Iran because of looming U.S. sanctions, two sources at the company told Reuters on Friday.

Russia resorts to stop-gap measures to tackle high petrol prices

Nov 02 2018

* Rise in gasoline, diesel prices unnerved drivers, authorities

UPDATE 1-Russia pumps oil at 30-year high in October - energy ministry data

Nov 02 2018

* Russian oil output up to 11.41 mln bpd in Oct * Rosneft, Lukoil cranked up their output (Adds detail) By Vladimir Soldatkin MOSCOW, Nov 2 Russian oil output reached another 30-year high of 11.41 million barrels per day in October thanks to the largest oil companies, such as Rosneft and Lukoil , cranking up their production, Energy Ministry data showed on Friday. This was up from 11.36 million bpd in September, a previous post-Soviet record high, and confirms data, cited by an industry source on Wednesday. In tonnes, oil output reached 48.262 million versus 46.478 million tonnes in September. Reuters uses a tonne/barrel conversion ratio of 7.33. According to a Reuters survey, OPEC has also boosted oil production in October to the highest since 2016, as higher output led by the United Arab Emirates and Libya more than offset a cut in Iranian shipments due to upcoming U.S. sanctions. Saudi Arabia, the Organization of the Petroleum Exporting Countries' (OPEC) top producer, has indicated it is concerned about potential oversupply, raising the prospect that its next production adjustment could be to rein in output. Output increases have been facilitated by stronger oil prices as markets prepare for tighter supply once U.S. sanctions against Iran kick in later in November. In accordance with a global oil deal struck with OPEC and other leading oil producers in December 2016, Moscow pledged to cut its output by 300,000 bpd from 11.247 mln bpd reached in October that year. Now Russia pumps around 460,000 bpd more than the 10.947 million barrels per day it had initially agreed to cut its production. In June, the participants of the deal agreed to get back to their 100 percent compliance level. The energy ministry data showed that Rosneft, the world's top listed oil producer by output, increased its production by 0.5 percent last month from September to 4 million bpd. Rosneft plans a gradual increase to oil production at so-called greenfield sites such as Yurubcheno-Tokhomskoye, Taas-Yuriakh and Suzun, brokerage Aton said in a note after meeting Rosneft executives last month. The second-largest Russian oil producer Lukoil raised its output by 0.3 percent to 1.68 million bpd. Russian oil pipeline exports in October stood at 4.526 million bpd, up from 4.278 million bpd in September. Natural gas production was at 63.64 billion cubic metres (bcm) last month, or 2.05 bcm a day, versus 57.54 bcm in September. (Reporting by Vladimir Soldatkin; Editing by Emelia Sithole-Matarise)

Trump adviser tells Putin: We'll quit arms control treaty you're breaking

Oct 23 2018

MOSCOW Washington will press ahead with a plan to quit a landmark nuclear arms control pact despite objections from Russia and some European countries, senior U.S. official John Bolton said on Tuesday, after meeting Russian President Vladimir Putin. | Video

Putin and Trump set to meet in Paris on November 11

Oct 23 2018

MOSCOW U.S. President Donald Trump and Russia's Vladimir Putin plan to meet in Paris next month, officials said on Tuesday, their first encounter since a summit in Helsinki that unleashed a storm of criticism that Trump was cosying up to the Kremlin.

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