Latest news
Russia Backs Another 500,000 Bpd Oil Production Increase
Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is still in favor of another 500,000 bpd increase in the alliance’s oil production from February, Bloomberg reported on Monday, citing officials with knowledge of the Russian oil policy.
read more... 22/12/2020
Belarus suspends Klaipeda oil product exports
Belarus appears to be halting oil product exports through the Lithuanian port of Klaipeda in what may be a politically-motivated move.
read more... 16/12/2020
Russian oil giant announces start of vast Arctic project
He thanked Putin, with whom he has close relations, for the adoption of a law facilitating Russian investments in the Arctic
read more... 26/11/2020
Equinor to boost Johan Sverdrup output
Once again, the Equinor-operated Johan Sverdrup field is increasing its daily production capacity, expecting to reach around 500,000 barrels of oil per day by the end of the year.
read more... 18/11/2020
European lockdowns weigh on global fuel recovery
As the second wave of the virus hit many Western countries, governments imposed new lockdowns, closing restaurants and bars and banning gatherings. But the measures were not as strict as during the first wave
read more... 11/11/2020