Iran and Russia have signed a memorandum of understanding over cooperation in the energy sector, the Iranian oil ministry’s SHANA news agency reported on Monday.

• June 17, 2019

By Greta K. Wagner, Student, University of Glasgow, Intern, The European Geopolitical Forum

The Black Sea is often described as a strategic crossroads, which links east-west and north-south transport corridors. Particularly with regard to hydrocarbon resources, the Black Sea serves as a transit route between suppliers in Russia, the Caspian region, Central Asia and the Middle East and consumers in the European Union. Given its strategic importance, the Black Sea is an important puzzle piece for Russia’s “energy superpower” strategy. READ MORE.

• June 13, 2019

U.S. President Donald Trump said on Wednesday he was considering sanctions over Russia’s Nord Stream 2 natural gas pipeline project and warned Germany against being dependent on Russia for energy.

• June 12, 2019

The quality of Russian crude is gradually improving after a contamination scandal that rocked oil markets, buyers said on Tuesday, but Russia’s energy minister cautioned that it will take until the second half of May to fix the problem.

• May 17, 2019

Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say.

• May 13, 2019

United Arab Emirates’ energy minister said on Wednesday that Russia was committed to its oil supply cut agreement with OPEC and would not raise its output unless in coordination with the exporting group.

• April 17, 2019

President Vladimir Putin said on Tuesday that Russia and OPEC should discuss the future of their oil output-cutting deal later this year, adding that current oil prices suited Moscow.

• April 17, 2019

Russian energy major Gazprom Neft expects the Arctic to account for more than half its oil and gas production by 2020, the company said on Tuesday, reflecting Moscow’s drive to develop the resource-rich region.

• April 17, 2019