Crude oil prices fell over 2% on Thursday after Russian crude output remained unchanged in February at 11.11 million barrels per day (bpd).
read more... 03/03/2017
Russia’s second-largest oil producer Lukoil hopes to secure a deal to develop two oilfields in Iran in April.
read more... 28/02/2017
Russian oil company Rosneft has expanded its activities in the Middle East by signing two oil purchase agreements in Libya and Iraq.
read more... 24/02/2017
Iran is set to sign a deal to Moscow within the next 10 to 15 days to sell 100,000 barrels per day of oil to Russia, according to Iranian Minister of Petroleum Bijan Zangeneh.
read more... 22/02/2017
Crude oil prices settled about 1 percent higher on Tuesday on OPEC’s optimism for greater compliance over its deal with other producers, including Russia to reduce output to clear a glut that has weighed on markets since 2014.
read more... 22/02/2017