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Ukrainian Drones Hit Major Rosneft Refinery in Russia
Ukrainian Drones Hit Major Rosneft Refinery in Russia Just as Russia had started to bring back some refinery capacity damaged by Ukrainian drone attacks earlier this year, a new wave of drone attacks hit a major refinery owned by Rosneft, for a second time. Rosneft’s Ryazan refinery southeast of Moscow caught fire after the overnight […]
U.S., European Oil Majors Could Create Supply Crisis With Renewables Push – Russia’s Rosneft
U.S., European Oil Majors Could Create Supply Crisis With Renewables Push – Russia’s Rosneft Rosneft is looking to double down on hydrocarbons and extract up to 5 billion tons of light-quality oil in the Arctic.Alexander Rumin / TASS U.S. and European oil majors’ commitment to moving away from fossil fuels toward renewable energy threatens oil […]
Trump Sanctions Rosneft, Russia’s Largest Oil Company, For Helping Maduro In Venezuela
Trump Sanctions Rosneft, Russia’s Largest Oil Company, For Helping Maduro In Venezuela The Trump administration announced significant new sanctions on Tuesday targeting Rosneft, Russia’s largest oil company, for helping Venezuelan leader Nicolas Maduro circumvent U.S. sanctions. Specifically, the sanction targets Rosneft Trading SA, a unit of Russia’s state-owned oil giant Rosneft, as well as company’s […]
The Race For Arctic Oil Is Heating Up
The Race For Arctic Oil Is Heating Up Despite climate concerns and environmentalist backlash against exploration for oil and gas in pristine sensitive regions of the Arctic, companies continue to explore for hydrocarbon resources in the Arctic Circle, in Russia and Norway in particular. The largest Russian energy companies are looking to explore more Arctic […]
This Russian Oil Giant Is Driving Putin Toward Showdown With Trump In Venezuela
This Russian Oil Giant Is Driving Putin Toward Showdown With Trump In Venezuela “Russia is now so deeply invested in the Maduro regime that the only realistic option is to double down,” writes senior fellow at the Carnegie Moscow Center Alexander Gabuev. He details in a Financial Times op-ed that Moscow-based state oil giant Rosneft owns two offshore gas fields in […]
Moscow Will Do “Whatever It Takes” To Defend Its Interests In Venezuela
Moscow Will Do “Whatever It Takes” To Defend Its Interests In Venezuela After decrying US sanctions against Venezuela’s state-run oil company PDVSA as “illegal” and enforcing “unfair competition”, a Kremlin spokesman has reiterated that Russia is prepared to use “all mechanisms available to us” to defend its economic interests in Venezuela – interests that are closely tied […]
The Biggest Threat To Dollar Dominance
The Biggest Threat To Dollar Dominance Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven industry sources. While it may have come as a […]
Russia And China Continue To Boost Oil Ties
Russia And China Continue To Boost Oil Ties Even before the OPEC/non-OPEC production cuts took effect in January 2017, Russia had already beaten Saudi Arabia to become China’s single largest oil supplier for 2016. Since then, Saudi Arabia has sacrificed still more of its market share in the prized Chinese market, while Russia has dominated […]
Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry
Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads […]
Russian Gas: There Is No Alternative For Europe
Russian Gas: There Is No Alternative For Europe The sanctions are now in their second year; the ruble is still not quite itself; and national champions Gazprom and Rosneft are both bracing for what can generously be called a down year. Still, while Russia’s political relationship with the west continues to be redefined, the broader […]
CEO Of Rosneft Compares Oil Market Manipulation Which “Doesn’t Reflect Reality” To Gold Price Rigging
CEO Of Rosneft Compares Oil Market Manipulation Which “Doesn’t Reflect Reality” To Gold Price Rigging It was a little under two years ago when, when oil and gas prices were both surging, Obama decided to punish the evil speculators whose fault the rise of oil was when he announced he would “give the Commodity Futures Trading […]
Russia’s Complicated Relationship With OPEC
Russia’s Complicated Relationship With OPEC Russia, Saudi Arabia, and the United States are the world’s most important oil producers. While there has been a lot of discussion about Saudi Arabia’s move to crush U.S. shale by flooding international markets with oil, the relationship between Saudi Arabia and Russia is much less understood. Saudi Arabia and […]
Arctic Oil On Life Support
Arctic Oil On Life Support Oil companies have eyed the Arctic for years. With an estimated 90 billion barrels of oil lying north of the Arctic Circle, the circumpolar north is arguably the last corner of the globe that is still almost entirely unexplored. As drilling technology advances, conventional oil reserves become harder to find, and climate […]
