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Monday 26 May 2025

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Context
News Nigeria to reach OPEC+ compliance by mid-July

Nigeria did not fully comply with a pact by oil producers to rein in output to balance markets but will make additional cuts to make up for the lapse by mid-July, the head of the Nigerian National Petroleum Corporation Mele Kyari said on Wednesday.

  • June 10, 2020
News Russia detains Arctic power station managers it blames for fuel spill

Russian investigators said on Wednesday they had detained three managers of an Arctic power station whom it blamed for a fuel spill last month which leaked 21,000 tonnes of diesel into rivers and subsoil.

  • June 10, 2020
News Oil falls 3% despite OPEC+ cuts as Gulf ends voluntary curbs

Oil fell about 3% on Monday after Saudi Arabia said an extension of output cuts by OPEC+ nations would not include additional voluntary reductions by a trio of Gulf producers.

  • June 8, 2020
News Russia fires anti-tank gun at oil well to put out blaze

Russia said on Monday it had successfully put out a fire at a Siberian oil well after officials called in the military to shoot anti-tank artillery shells at the wellhead from a distance in order to quell the flames.

  • June 8, 2020
News Saudi Arabia to end voluntary cuts on top of OPEC+ pact

Saudi Arabia will boost output in July to match its output OPEC quota while ending deeper, voluntary cuts amid signs of global demand recovering, the Saudi energy minister said on Monday.

  • June 8, 2020
News U.S. senators move to tighten sanctions on delayed Russia-to-Germany gas pipeline

U.S. senators announced a bill on Thursday expanding sanctions on Russia’s Nord Stream 2 natural gas pipeline and targeting the project Washington says will boost Moscow’s economic and political influence in Germany and other European countries.

  • June 5, 2020
News Fuel leak risk at Arctic mining site flagged by Russia years before spill: RBC

A Russian safety watchdog warned a subsidiary of mining giant Norilsk Nickel in 2017-2018 about dozens of violations at a fuel site in the Arctic where a huge leak of diesel fuel occurred last week, the RBC media portal reported on Friday.

  • June 5, 2020
News Russia in constant contact with OPEC+ nations, gives no meeting time

Russia’s Energy Minister Alexander Novak is in constant contact with ministers of other OPEC+ nations, the Kremlin said on Thursday, but did not confirm the timing of an expected meeting to discuss oil output cuts.

  • June 5, 2020
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