Putin hails energy security boost from Russia's first LNG floating storage
President Vladimir Putin opened Russia’s first liquefied natural gas (LNG) floating storage and regasification unit (FSRU) on Tuesday, saying it bolsters the country’s energy security.
Oil posts first year of losses since 2015
Oil prices ended with full-year losses for the first time since 2015, after a desultory fourth quarter that saw buyers flee the market over growing worries about a supply glut and mixed signals related to renewed U.S. sanctions on Iran.
Russian oil output reaches record high in 2018
Russian oil production rose to a post-Soviet record high of 11.16 million barrels per day (bpd) last year on an annual average basis, data from its energy ministry showed on Wednesday.
U.S. envoy says Russia can't be trusted on Ukraine gas transits
European efforts to keep Russia shipping gas through Ukraine after the opening the Nord Stream 2 pipeline across the Baltic Sea are futile, the top U.S. energy diplomat said on Tuesday, saying Russia could not be trusted.
Oil prices climb on OPEC-led cuts, but off session highs
Oil prices jumped more than 2 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia, agreed to reduce output to drain global fuel inventories and support the market.
OPEC, Russia agree to slash oil output despite Trump pressure
OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude.
Germany sticks to Nord Stream 2 pipeline despite Ukraine crisis
Germany is still committed to the NordStream 2 pipeline, which will allow Russia to bypass Ukraine in transporting gas to Europe, despite escalating tension in the region, a government spokesman in Berlin said on Wednesday.
Oil prices pressured by rising US crude stocks, but expected OPEC supply cut supports
Oil markets started Thursday timidly, with rising U.S. crude inventories pressuring prices but an expected supply cut by producer cartel OPEC offering some support.
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